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CarZ to expand its multi-brand car workshop network
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Multi-brand car service company, CarZ plans major expansion. Aims to setup 300 workshops across the country by 2018
The Indian automobile industry is booming and by 2016 car sales are projected to rise to 4.88 million units. However, OEMs are lagging behind in setting up adequate facilities.
The shortage of service centres and high servicing costs have seen roughly 2/3rd of the vehicles going to local garages post warranty, These garages do not have the technical expertise to service/repair modern vehicles.
Multi-brand car servicing chains like CarZ, Carnation, Mahindra First Choice and MyTVS, meanwhile, are capable of servicing vehicles from various car manufacturers under one roof. The multi-brand car servicing business is lucrative considering the number of new cars coming on to our roads everyday.
Mechanics and technicians in multi-brand car workshops have the required skills, as they usually have the experience of working in various OEMs. Moreover, apart from reliable service, multi-brand car servicing workshops levy lower service charges due to lower costs of establishment.
CarZ opened its first workshop in 2010 in Hyderabad, aims to capitalise on this opportunity and plans to expand its operations across India. With funding of $ 5 million (Rs. 27.7 crore) from Indo-US Ventures, it aims to set up 300 multi-brand car workshops across the country by March 2018. A total of 200 dealerships will be operated by CarZ and 100 dealerships will be operated by franchisees. Initially CarZ will operate about 50 dealerships by itself. CarZ has already received 300 enquiries for franchisee set ups.
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