According to the company, the Point S concept will be implemented through Master Franchise Agreements with three regional partners who will be covering five states: Deviate Enterprises for the Nation Capital Territory of Delhi and Punjab; GIAAN International for Maharashtra and Goa; and Tyrekada for Kerala.
Point S aims to cover more Indian States through an extension of the existing partnerships and nomination of additional Regional Master Franchisees, Point S said.
The company will convert more than 25 stores to the Point S CI concept in 2017 and by mid-term the network should cover the five Indian states with more than 100 points of sales.
Point S will also open a national representative office, Point S India, to coordinate and support the development of its network and partners in India.
“The Indian market faces major changes and Point S wants to take this opportunity to implement its concept and become at term a major retail player in the country,” said Fabien Bouquet, Point S International CEO. “The car equipment ratio in India is one of the lowest in the world (20 cars for 1,000 inhabitants) but is constantly growing, which means opportunities for a tire and car maintenance network. As an example the tire market will grow by 10% each year in the 5 coming years. Thanks to our international strength and the know-how of our local partners we are strongly convinced that Point S will gain position as a key actor in the Indian automotive industry.”