AKRON, Ohio — Myers Tire Supply International Inc., a Myers Industries Inc. company, announced a joint venture with the India-based TVS Automobile Solutions Ltd. (ASL) to distribute tools, supplies and equipment into the fast-growing Indian automotive aftermarket. The new company is called Myers Tyre Supply India Limited Inc.
“We are pleased about expanding our long-term relationship with TVS ASL, a leading automotive aftermarket company in India. Our small investment in this joint venture aligns with the geographic expansion strategy for our distribution segment. The global presence of Myers Tire Supply, which excels in providing tools and consumables to independent tire dealers and tire retreaders, complements TVS’ strength in equipment sales to automobile dealers in India,” said John C. Orr, president and CEO of Myers Industries.
“We are happy to take our decade-long relationship with Myers Tire Supply to the next level, allowing us to bring in a strong player to the tools and consumables market. Together we will form an important piece of the Aftermarket Service Solution that TVS ASL endeavors to give to the Auto Industry," said R. Dinesh, joint managing director of TVS.
Myers Tire Supply International Inc. is a global distributor of tools, equipment and supplies to tire, wheel and undercar service professionals. For more information, contact Myers Tire Supply at (330) 253-5592, fax (330) 761-6133 or visit www.myerstiresupply.com.
TVS Automobile Solutions Ltd. (TASL), a subsidiary of T V Sundram Iyengar & Sons (TVS & Sons) Ltd., has been in the automotive business for more than 100 years, with a total turnover of more than $6 billion.
For more details about TVS Automobile Solutions, visit www.mytvs.in.
