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How car ownership is set to get cheaper

Thanks to tech-driven disruption, the aftermarket field is being levelled. A new law will hasten the change

Chennai , Tamil-nadu , India , Rishabh-karwa , G-srinivasa-raghavan , Marketandmarket-madhavan , Kaushik-madhavan , Manish-raj-singhania , Shashank-srivastava , Maruti-suzuki , Jagdish-khattar , Kamal-bali

Indian car service startup myTVS raises $50m funding from Exor

Indian car service startup myTVS raises $50m funding from Exor
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India , Mahindra-first-choice-services , Ki-mobility-solutions , Nishith-desai-associates , Jyoti-sagar-associates , Pratithi-investment , Pratithi-investment-trust , Sealink-capital , Desai-associates , இந்தியா , மஹிந்திரா-முதல்-தேர்வு-சேவைகள்

'We want to reignite business,' says M&M CEO Anish Shah

'We want to reignite business,' says M&M CEO Anish Shah
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Hisarlar , Sanliurfa , Turkey , India , Automobili-pininfarina , Anish-shah , Mahindra-first-choice-services , Mahindra-ltd , Mahindra-group , Ssangyong , Mahindra-first-choice , Farm-equipment

Autonomous Car-as-a-Service (CaaS) Market Outlook 2021, Analysis and Forecast to 2028 by Manufacturers| 3M, BMW, Automovill Technologies, Carxpert Garage, Vahan Motors, Groupe Renault, Honda Motor, Hyundai Motor Company, Mahindra First Choice Services, Meineke Car Care Centers, Midas Interna – KSU

Segments Covered
Report Coverage
Regional Scope
Customization scope
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options
Regional market analysis Autonomous Car-as-a-Service (CaaS) can be represented as follows:
For clarity, analysts also segmented the market based on geography. This type of segmentation allows readers to understand the volatile political scenario in different regions and their impact on the global digital Isolator market. The base of geography, the world market of Autonomous Car-as-a-Service (CaaS) has segmented as follows:
North America includes the United States, Canada, and Mexico

Japan , United-states , United-kingdom , Argentina , China , Colombia , Canada , Mexico , Germany , India , Nigeria , Italy

Post-Mahindra arm merger, TVS Automobile plans 'one franchisee a day' expansion in FY22

March 11, 2021
G Srinivasa Raghavan, Managing Director, TVSAL×
To embark on a major network and technology expansion to accelerate growth

TVS Automobile Solutions Ltd (TVSASL) plans an aggressive expansion with a goal of opening ‘one franchisee a day with a digital ecosystem flavour’ during the next fiscal as the leading automobile aftermarket player gears up for emerging growth curve post acquisition of Mahindra First Choice Services Ltd (MFCSL).
The company has successfully integrated MFCSL after all clearances and the latter is now a 100 per cent subsidiary. “With this integration, MyTVS brand is the only pan-India aftermarket multi-brand network of this scale and size — 650 franchisees in 270 towns,” said G Srinivasa Raghavan, Managing Director, TVSASL.

India , G-srinivasa-raghavan , Mahindra-first-choice-services , Tvs-automobile-solutions-ltd , Mahindra-first-choice-services-ltd , Solutions-ltd , Managing-director , Mahindra , Arm , Merger , Tvs-automobile , Franchisee

Mahindra Group: VS Parthasarathy resigns from Mahindra Group, to pursue personal interests

Synopsis
He was spearheading the newly formed Mobility Services Sector (MSS), a growth driver and incubation platform for future investments by the Mahindra group in technology-driven mobility companies, with the vision of co-creating the 'Future of Mobility'.
AP
Mahindra & Mahindra on Monday said VS Parthasarathy, the President of its Mobility Services Sector and Member of the Group Executive Board, has decided to leave the group effective close of April 1, 2021 to pursue personal interests. Parthasarathy, who joined the Mahindra group in 2000 and began with an HR stint, has expressed desire to leverage his rich professional experience to consult, mentor, build and scale businesses and initiatives across business, education and society in the next phase of his career, M&M said in a regulatory filing.

India , Anand-mahindra , Anish-shah , Mahindra-first-choice-services , Member-of-the-group-executive-board , Board-of-mahindra-logistics-ltd , Mm-ltd , Mahindra-group , India-inc , Mobility-services-sector , Group-executive-board , Mahindra-logistics

VS Parthasarathy resigns from Mahindra Group, to pursue personal interests

VS Parthasarathy resigns from Mahindra Group, to pursue personal interests
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India , Anand-mahindra , Anish-shah , Mahindra-first-choice-services , Member-of-the-group-executive-board , Board-of-mahindra-logistics-ltd , Mm-ltd , Mahindra-group , India-inc , Mobility-services-sector , Group-executive-board , Mahindra-logistics

Mahindra First Choice Services sold to TVS

TVS now holds 100% of the paid-up equity share capital of Mahindra First Choice Services.
Mahindra Holdings Ltd. (MHL) has completed the process of transferring its entire stake in Mahindra First Choice Services (MFCS) for Rs. 21.5 crore, as well as its stake in Auto Digitech Private Ltd. (ADPL) for Rs. 13.5 crore to TVS Automobile Solutions Private Ltd. (TASL).
As per a regulatory filing, MFCS and ADPL are no longer the subsidiaries of MHL. TASL now holds 100% of the paid-up equity share capital of MFCS.
TVS Automobile Solutions operates India’s largest independent workshop brand under the myTVS name. The company has a strong network in the South. The acquisition of MFCS is expected to make TASL a stronger pan-India player.

India , Mahindra-first-choice-services , Auto-digitech-private-ltd , Mahindra-holdings-ltd , Automobile-solutions-private-ltd , Automobile-solutions , Mahindra-first-choice , Auto-digitech-private , Solutions-private , இந்தியா , மஹிந்திரா-முதல்-தேர்வு-சேவைகள்

Mahindra Holdings sells interest in Mahindra First Choice Services and Auto Digitech

Mahindra & Mahindra announced that its wholly owned subsidiary, Mahindra Holdings has concluded the sale of its 100% stake in Mahindra First Choice Services for a consideration of Rs 21.5 crore and its entire stake aggregating 100%
of Optionally Convertible Redeemable Preference Shares in Auto Digitech, wholly owned subsidiary of Mahindra Holdings for a cash consideration of Rs 13.5 crore to TVS Automobile Solutions.
Consequently, Mahindra First Choice Services and Auto Digitech have ceased to be subsidiaries of Mahindra Holding and of the company with effect from 25 February 2021.
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M&M sells Mahindra First Choice Services for ₹21.5 cr to TVS

M&M sells Mahindra First Choice Services for ₹21.5 cr to TVS
February 25, 2021
×
Mahindra Holdings Ltd, a wholly owned subsidiary of Mahindra & Mahindra, on Thursday said that it has sold its entire stake in Mahindra First Choice Services (MFCS) for ₹21.5 crore, as well as its entire stake in MFCS’ subsidiary, Auto Digitech Private Limited, for ₹13.5 crore, to TVS Automobile Solutions Private Limited.
MFCS is involved in the business of servicing multi-brand car and two-wheelers.
Mahindra Holdings had on November 26, 2020, agreed to sell its entire stake aggregating 100 per cent of the paid-up equity share capital in MFCS, as well as its entire stake aggregating 100 per cent of optionally convertible redeemable preference shares in ADPL to Chennai-based TVS Automobile Solutions Private Ltd.

India , Chennai , Tamil-nadu , G-srinivasa-raghavan , Mahindra-first-choice-services , Mahindra-holdings-ltd , Mahindra , Auto-digitech-private , Mahindra-holdings , Automobile-solutions-private , Automobile-solutions-private-ltd , Auto-digitech-private-limited