STARTUPS
TVS vehicle answers invests Rs75 crore in three start-ups

TVS ASL, part of the TVS group, focuses on the automobile aftermarket business and aims at providing technology based global delivery model to help manufacturers connect with customers, garages and retailers directly. 
Photo: Hemant Mishra/Mint

TVS ASL, part of the TVS group, focuses on the auto aftermarket commercial enterprise and goals atimparting era primarily based global delivery version to assist manufacturers connect with clients, garages and retailers at once. photo: Hemant Mishra/Mint
Chennai: TVS automobile solutions Ltd (TVS ASL) on Thursday said it has invested Rs.seventy five crore in three start-ups.

The investments were made in Jazzmyride.com, which offers with automobile elements and accessories; Autosense (a venture by Hansa Cequity) that offers era and analytics based purchaser control services, and Redsun Telematics, an internet of things begin-up that develops commercial enterprise solutionslike linked cars.

TVS ASL, part of the TVS organization, specializes in the car aftermarket enterprise and pursuits atproviding generation primarily based global delivery model to help manufacturers connect tocustomers, garages and stores at once.

TVS ASL expects these companies to generate sales of Rs.250 crore in subsequent 3 years.

“TVS ASL is uniquely placed in imparting each virtual era solutions and brick and mortar infrastructure in addressing the desires of manufacturers. digital technology assist in enabling transparency in supplychain, visibility of consumption and therefore help them customise products and services towardsmarketplace wishes,” stated G. Srinivasa Raghavan, government director, TVS automobile solutions Ltd.

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