- The Indian Independent Automative Aftermarket is claimed to have an estimation of around $10 billion and growing at a CAGR of 7-10$ over the past five years
- The range of solutions include Connected Vehicle (passenger cars, two wheelers and commercial vehicles), Diagnostics and Predictive Service Management on Cloud. Along with this, the services also include Mobility Solutions for all stakeholders for fulfilment
- TVS has also shifted its on-premise data center infrastructure and existing public cloud deployments onto Google Cloud to develop the ‘platform of platforms’ tailored to the needs of the automotive industry
According to a report by the Economic Times, TVS Automobiles Solutions, an independent automative aftermarket player announced that it has taken Google Cloud as its technology partner. Google Cloud would help build its digital transformation strategy.
With the help of this deal, TVS ASL would be enhancing its goal of creating a ‘Digital Ecosystem’ that would help in empowering thousands of small entrepreneurs across automotive retailers and garages.
It has also been reported that TVS ASL has shifted its on-premise data centre infrastructure and existing public cloud deployments onto Google Cloud. This would help in developing the ‘platform of platforms’ tailored to the needs of the automotive industry.
With the help of this innovative initiative, vehicle owners, retailers, garages and insurance companies would be brought together. They would be from a fragmented market place into one seamless digital technology architecture to provide service, parts, roadside assistance and insurance.
Digitising the Global Aftermarket landscape
The range of solutions include Connected Vehicle (passenger cars, two wheelers and commercial vehicles), Diagnostics and Predictive Service Management on Cloud. Along with this, the services also include Mobility Solutions for all stakeholders for fulfilment. “The innovative initiative will be seen as an accelerator in Digitizing the Global aftermarket landscape”, said G. Srinivasa Raghavan, Managing Director, TVS Automobile Solutions.
He also added that their team selected Google Cloud for its superior tech stack across Cloud, Artificial Intelligence and Machine Learning, Big Data, Marketing & Marketplace solutions that will enable them to scale globally with shorter time to market.
IT-led business initiatives
Meanwhile Karan Bajwa, Managing Director, Google Cloud India commented, “ They are unlocking the potential of their business data at scale using machine learning to automated and optimise their supply chain, and leveraging managed services so they can focus their engineering effort on IT-led business initiatives that will pave the path for a strong digital future.”
The Indian Independent Automative Aftermarket is claimed to have an estimation of around $10 billion and growing at a CAGR of 7-10$ over the past five years. The market is highly fragmented with over 40,000 retailers, 100,000 garages and thousands of small distributors across the country. In the last five years, TVS ASL have built a strong leadership by empowering over 2 million customers, 20,000 retailers, 10,000 garages along with fleet management for over 70,000 vehicles. By bringing these stakeholders into a seamless supply chain and technology platform, TVS ASL helps them by delivering service or parts within 24 hours across the country.
