myTVS forays into quick commerce delivery segment for automotive parts, plans to reduce supply chain cost by 30%

myTVS, a part of TVS Mobility Group and a brand of Ki Mobility, has forayed into the quick commerce delivery segment for automotive parts and lubricants for passenger and commercial vehicles. India’s leading digital automotive aftermarket platform, myTVS, has robust expansion plans with its entry into the quick commerce distribution segment under the brand name of myTVS Hypermart. “We are very confident that by next year we should reach 2,500 service networks… and then customers will have the digital convenience of accessing transparent pricing, parts, and quality,” said G Srinivasa Raghavan, managing director of myTVS, during a press conference. This inclusive model expands the company’s supply chain partnerships with the existing retail network and leverages the existing myTVS digital catalogue to reduce the inventories of the dark stores. Deliveries to retailers and other partners will be completed within two hours of placing the order, said Raghavan.With a diverse catalogue containing over 12 million parts, this initiative aims to tap and organise the struggling automotive aftermarket by providing quick delivery, eliminating inventory concerns, and resolving issues with counterfeit parts in the market. To achieve this, the company has decided to set up a standardised and central supply chain network, Raghavan added. The company aims to expand its current supply chain and reduce costs by 30% through partnerships with retail networks, garages, and manufacturers. “myTVS supply chain cost will go down by 30% in the next two years,” added Raghavan. The company already has 22,000 retailers and 30,000 garages operational across India.myTVS