Chennai, India – Marangoni GRP Private Ltd (MGPL), has signed up its fourth full service franchisee in India, with the establishment of Xtramiles in Chennai.
A JV between Marangoni and GRP of India, MGPL is a commercial vehicle tire retreader employing the Italian partner’s Ringtread spliceless retread technology.
Established in 2015, MGPL has set up three other franchisees in the Indian states of Karnataka, Haryana and Kerala over the last 12 months.
In addition to the Chennai unit, MGPL said 15 April that it was also in various stages of commission for four more franchisees.
“We believe that India offers great potential for growth and we continue to invest in the market,” said Giuseppe Marangoni, Marangoni group VP.
Ringtread technology, he added, can help bring operational costs down in Indian fleets.
With Xtramiles at Chennai, the company has entered “the league of large trucking centers,” said Harsh Gandhi, MGPL director.
“India’s retreading industry needs new ideas to move forward and MGPL expects to be at the forefront of such initiatives,” he added.