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
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.
Founder & CEO