Marangoni GRP Signs up South India's First RINGTREAD Franchisee

Mumbai, Monday, March 20, 2017: Marangoni GRP Private Limited (MGPL), the JV company active in the commercial vehicle retreading sector in India, has signed up its first RINGTREAD Franchisee at Vijaypur, Karnataka. The Franchisee, Bhagyavanti Tyres, will go live in Q1, 2017-18 and will cover five Karnataka districts – Vijaypur, Dharwad, Belgaum, Gulbarga and Bagalkot. Fleets in these markets will have access to Marangoni’s unique technology – RINGTREAD – the splice-less retread. RINGTREAD delivers more mileage, better grip, is more reliable and eventually delivers higher savings to fleets.

Speaking on the occasion, Mr. Dino Maggioni– Group CEO, Marangoni said, “Post testing our ‘concept’ at the Pilot Shop over the last 12 months at Indore, we are now ready to expand our Franchise footprint pan India. Feedback from fleets at Indore has been extremely encouraging and has helped establish RINGTREAD as the clear technology leader. We are hopeful that the rapidly expanding highway network, the pace of radialisation and continuing economic reforms will have a positive effect on the Indian Logistics sector improving the health of trucking fleets. Marangoni GRP hopes to play a leading role in helping the latter lower their tyre costs through its unique retreading solutions”.

Mr. Harsh Gandhi, Director, MGPL added, “Over the last one year, the JV has focused on understanding the Indian consumer’s needs better and testing our products. We have also focused on refining our Franchise Model with the aim to make it the leading Retreading Franchise System in India. By becoming a MGPL Franchisee, we believe new entrepreneurs and independent retreaders desiring to upgrade their existing stores, have a good opportunity to build a long term, profitable business in a sunrise sector.”

Bhagyavanti Tyres is founded by two young entrepreneurs, both in their early 30s – Harsh Bagali and Anil Patil. In addition to the Marangoni GRP retreading facility, their outlet will also offer Truck Alignment facility using the latest computerized equipment. It will be the first such facility in these five districts of Karnataka.

A typical MGPL Franchisee has:
(a) High quality Marangoni / Marangoni homologated equipment
(b) Standardized retreaded tyre manufacturing process perfected by Marangoni from its global experience over many decades
(c) High quality standard retreading material sourced from the JV
(d) Well-trained manpower in world-class retreading processes and fleet solutions

About Marangoni
Marangoni is a private group established in 1947 in Rovereto, Italy, active in tire Retreading sector and in the development of technologies and equipment for the production of new and retreaded tires. Marangoni is a market leader in the supply of truck tire Retreading technologies and materials with 12 plants and more than 1.300 employees worldwide.

About GRP

GRP Ltd., established in 1974, is the largest producer and exporter of reclaim rubber in India and amongst the leaders in this segment in the world. With an experience of over 42 years in the recycled rubber industry and 7 plants in India, GRP stands dedicated to building a diversified global corporation committed to providing sustainable solutions for a green planet, while steadfastly creating value for all its stakeholders.

Marangoni GRP Private Ltd
510 A, Kohinoor City Commercial -1
Kirol Road, Kurla (West), MUMBAI - 400070
INDIA

Press Contact: Hemant Kaul | hemant.kaul@marangonigrp.com | +91 9167368199

This release was published on openPR.