Marangoni GRP adds Chennai Ringtread franchisee

April 17, 2019

Indo-Italian JV Marangoni GRP (MGPL) has introduced a new entrant into the commercialtyre retreading business with Ringtread franchise eXtramiles in Chennai, India.

Giuseppe Marangoni, Vice President of Marangoni Group, and Harsh Gandhi, Joint Managing Director of GRP inaugurated the franchisee in the town of Maduravoyal, Chennai.

Marangoni has elaborated: “Ringtread has redefined the nature of retreaded tyressince 1976 by providing superior performance close to that of new tyres – the circular ‘ring’ is a technology-leading product compared to ‘flat’ treads previously favoured by the market. For India’s quality-conscious fleets, Ringtread offers the perfect product to lower operational costs; Marangoni will continue to invest in the market as there is great growth potential in India.”

Gandhi has added: “The establishment of Xtramiles in Chennai includes a bunch of young entrepreneurs with diverse backgrounds in IT, banking and transportation who believe that they can offer a compelling ‘product + service’ offering to chart out a different course in the league of large trucking centres – India’s retreading industry needs new ideas to move forward and MGPL expects to be at the forefront of such initiatives.” 

Hemant Kaul, MGPL’s CEO has said: “MGPL now has 4 operational franchisees in the country and another 4 more in various stages of commissioning – thus establishing MGPL’s footprint in 8 Indian cities in 7 states. With each franchisee establishment, MGPL is bringing global retreading technology and products to increasing customers through a set of outlets that have superior equipment, trained technicians and a process-driven approach.”

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(Last Updated: 16 May 2019)

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Source: Latex India
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