TVS Automobile Solutions, a leader in India’s automotive aftermarket, has partnered with Google Cloud to develop a ‘platform of platforms’ tailored to empower small entrepreneurs.
The initiative hopes to bring vehicle owners, retailers, garages and insurance companies into one digital ecosystem to provide service, automotive parts and roadside assistance.
“We can bring 30,000-40,000 small fragmented businesses … on our digital platform, thereby scaling up their businesses, generating new demand and managing services,” said G Srinivasa Raghavan, the Managing Director of TVS Automobile Solutions.
TVS Automobile Solutions, which is part of the $8.5 billion TVS Group, will offer a range of solutions, including connected vehicles, diagnostics and predictive service management and part replacement on the cloud to its 20,000+ retailers, 15,000 garages and over two million independent vehicle owners.
“We could provide on-demand, at-home, on-premise or any service requirement with an agreed turnover time for our customers,” said Mr. Raghavan.
The digitally transformed, ‘one-of-a-kind’ platform will deploy Industry 4.0 technology like artificial intelligence and machine learning to execute the said services.
“Besides placing requirements on the platform, retailers can search, pick and choose across one million parts provided and suggested by TVS ASL,” said Mr. Raghavan.
Mr. Raghavan believed the initiative will be seen as an accelerator in digitising the global aftermarket landscape.
As part of the partnership with Google Cloud, TVS ASL has migrated their data center infrastructures and public cloud deployments onto the tech giant’s platform.
“TVS ASL is unlocking the potential of its business data at scale using machine learning to automate and optimise it’s supply chain, and leveraging managed services so they can focus on their engineering effort on IT-led business initiatives that will pave the path for a strong digital future,” said Karan Bajwa, the Managing Director of Google Cloud India.
The aftermarket industry in India is estimated by TVS Automobile Solutions to be worth US$10 billion and grew at an annual rate of 10% in the last five years. The automotive aftermarket player expects the new digital platform will help them grow their market share of 4% to 10% by 2023.
The first phase of TVS ASL’s ‘platform of platforms’ is expected to be implemented in October.