SparesHub launches Franchise Stores Program to set-up Car Parts Stores Across India
Company targets to setup 50+ stores in 2021
SparesHub announced today that
it has launched a Franchise Program to set-up SparesHub branded car parts
retail stores across India. This will substantially improve the availability of
100% original car parts especially in tier-2, tier-3, and tier-4 cities
benefitting thousands of car mechanics and lakhs of car owners in India. The
availability of original car parts at the right prices still remains a
challenge in tier-2 and smaller places especially with so many new car models
being launched by car companies every year.
SparesHub plans to leverage
its existing expertise in automobile parts sourcing and share its proprietary
parts catalog to help new entrepreneurs and businessmen setup SparesHub Car
Parts Stores with investments starting from Rs. 5 lakhs. SparesHub also plans
to distribute its private label brand “Fröhlich Parts” using the franchise
network thereby offering high-quality car parts at affordable prices.
“After successfully running
operations in Pune, Mumbai, and Bengaluru cities over the last 5 years, we
believe Franchised Retail Stores is the fastest mode for SparesHub to cater to
lakhs of customers, especially in the Indian heartland. The Rs. 40,000 crores
automobile maintenance industry is fairly resistant to seasonal ups and downs
and is poised to grow at 12% - 14% per year. We are positioning SparesHub to
take maximum advantage of this growth.”, said Tapas Gupta, Founder and CEO of
SparesHub.
The company targets to setup
50+ SparesHub Parts retail stores in 2021 starting from Maharashtra &
Gujrat.Currently it operates 3 company outlets in Pune, Mumbai, and Bengaluru
and provides same-day delivery of car parts to car service centers and
mechanics. The company’s website is www.spareshub.com
About SparesHub:
SparesHub, owned by Iradium
Automobiles Private Limited is one of India’s leading car parts e-commerce
start-ups. It was started by Tapas Gupta and Arijit Chakraborty in 2014. It is
funded by leading angel investors like Indian Angel Network, Hyderabad Angels,
and others. The company has 520+ B2B registered customers across Pune, Mumbai,
and Bengaluru.
Tapas Gupta
Founder & CEO
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