Mumbai, India – Marangoni GRP Private Ltd (MGPL), a JV company between Italy’s Marangoni and India’s GRP which is active in the commercial vehicle retreading sector in India, has signed up its first Ringtread franchisee in south India at Vijaypur, Karnatakam.
According to a 27 March Marangoni press release, the franchisee Bhagyavanti Tyres will go live in the second quarter of 2017 and will cover five Karnataka districts.
Marangoni’s Ringtread technology offers splice-less retreads, and according to the Italian company delivers “more mileage and better grip”.
“Post testing our ‘concept’ at the pilot shop over the last 12 months at Indore, we are now ready to expand our franchise footprint across India,” said Dino Maggioni, group CEO, Marangoni.
“We are hopeful that the rapidly expanding highway network, the pace of radialisation and continuing economic reforms will have a positive effect on the Indian logistics sector improving the health of trucking fleets,” he added.