The joint venture active in the commercial vehicle retreading sector in India, Marangoni GRP Private Limited (MGPL), has signed up a new full service Ringtread franchisee at Chennai, India - Xtramiles, a new entrant into the tyre retreading business. Giuseppe Marangoni, Vice President, Group Marangoni and Harsh Gandhi, Joint Managing Director, GRP inaugurated the Franchisee in Maduravoyal, Chennai.

“Since 1976 when the Ringtread was “born”, it has redefined the very nature of retreaded tyres by providing superior performance close to that of new tyres. A simple idea of a “ring” that is made round compared to “flat” tread in vogue in the market, is now acknowledged as the technology leading product. For India’s quality conscious fleets, therefore, we believe Ringtread is the perfect product to bring their operational costs down. At Marangoni, we believe that India offers great potential for growth and we continue to invest in the market”, said Marangoni, speaking on the occasion.

“Post setting up franchisees in Karnataka, Haryana and Kerala over the last 12 months, we wanted to come to a metro city with a vast population of large, quality conscious and discerning fleets. With the establishment of Xtramiles at Chennai, we have now entered the league of large trucking centers. In Xtramiles, we have a bunch of young entrepreneurs with diverse backgrounds in IT, banking sales and transportation who believe that they can offer a compelling “product + service” offering to chart out a different course from the usual. India’s retreading industry needs new ideas to move forward and MGPL expects to be at the forefront of such initiatives”, added Gandhi.

“MGPL now has 4 franchisees operating in the country with 4 more in various stages of commissioning. With these, MGPL’s footprint will be established in 8 cities in 7 states. Our pace of new franchisee appointments is picking up and soon we expect to reach double figures. With each franchisee establishment, we are bringing globally proven retreading technology and products to more and more customers through a set of franchisee outlets that have superior equipment, trained technicians and a process driven approach”, concluded Hemant Kaul, CEO, MGPL.