Tyre retailer Point S opens shop in India

Tyre retailer Point S has entered the Indian market. The company has opened its first showroom in Cochin, Kerala and plans to setup outlets in the states of Maharashtra, Goa, Delhi and Punjab. 

Point S has entered into an agreement with three regional partners who will be covering the aforementioned 5 states. The company also has plans to expand into more states in the near future.

More than 25 stores will be converted to Point S outlets by the end of 2017. Additionally by 2020, over 100 sales outlets will be setup in the initial phase across the 5 states. The company is also in the process of setting up ‘Point S India’ – an Indian subsidiary to coordinate and support its Indian operations.

According to Fabien Bouquet – International CEO of Point S, although the car equipment ratio in India is among the lowest in the world (20 cars per 1,000 people), it is on a growing trend. It is estimated that over the next 5 years, the tyre market in the country will grow by 10% each year.

Source: The Hindu