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Effortless Home Fitment for Tyres and More - Tyresnmore.com
Tyresnmore.com, a subsidiary of CEAT Ltd, is a pioneering force in India's e-commerce sector, providing premier aftersales automotive services directly to customers' homes. Its parent company, CEAT Ltd, is the crown jewel of the RPG Group, one of India's most prominent conglomerates.
As a revolutionary enterprise in the automotive industry, Tyresnmore.com offers comprehensive services, from product discovery to home fitment for both bikes and cars. Its operations extend to prominent urban centers such as Delhi-NCR, Mumbai, Hyderabad, Bangalore, Pune, and Chennai, tackling major issues in the traditional tyre replacement sector. It promises the provision of clear pricing, product availability, quality assurance, convenient procedures via fully equipped mobile units, and skilled workforce.
Tyresnmore.com has demonstrated remarkable growth and innovation in the auto aftermarket e-commerce sector, which is poised for rapid expansion in India. We are impressed by company's customer-centric approach, operational excellence, and technological capabilities. We are confident that Tyresnmore.com will continue to lead the way in transforming the auto aftermarket experience for Indian consumers," commented Anant Goenka, a member of the Group Management Board of RPG Group.
Arnab Banerjee, CEO & MD of CEAT Ltd, reinforced this, stating, "We at CEAT, are at the helm this exciting phase of expansion and innovation. Our strategic acquisition of Tyresnmore.com aligns seamlessly with our vision to provide cutting-edge solutions to the evolving needs of the automotive market. With this integration, we look forward to setting new standards, enhancing accessibility, and delivering exceptional value to our customers across the nation."
Since the pandemic, Tyresnmore.com has recorded a robust annual growth rate of around 50%. It has shown a considerable emphasis on the Business-to-Consumer (B2C) sector, contributing significantly to 150 basis points increase in profit margins. The platform has efficiently installed over 150,000 tyres at customers' location, serving upward of 75,000 individual retail customers and 25,000 corporate vehicles – cementing a robust growth in website traffic, attracting over half a million unique monthly visitors.
"The acquisition by CEAT is not just a validation of our efforts, but also an opportunity for us to leverage their extensive resources and expertise," exclaimed Rajeshwar Wadhera, CEO of Tyresnmore.com. "We can now shift our focus towards accelerating our ambition - to become India's premier automotive aftercare e-retailer. We are confident that this strategic alliance will help us consolidate our market leadership and deliver superior value to our customers at their convenience."
The sector-defining acquisition of Tyresnmore.com by CEAT in August 2023 holds future promise for the auto aftermarket e-commerce industry, which is projected to grow at a CAGR of 15% by 2025. By consolidating with CEAT, Tyresnmore.com gains access to CEAT's rich experience, expansive network, resources, potential for operational expansion, and capacity for penetrating new markets. Together, they aim to revolutionize the future of mobility in India.
CEAT, the marquee company of RPG Enterprises, established in 1958, stands tall as a leading tire manufacturer in India and has a commanding presence in international markets. With an annual production of over 41 million top-tier tires, CEAT caters to a diverse range of vehicle segments, including 2-3 Wheelers, Passenger and Utility Vehicles, Commercial Vehicles, and Off-Highway Vehicles.
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