Myers Tire Supply enters into JV with automotive company in India

Myers Tire Supply International Inc., a Myers Industries, Inc. company, announced a joint venture with the India-based TVS Automobile Solutions Ltd. (ASL) to distribute tools, supplies, and equipment into the fast-growing Indian automotive aftermarket. The new company is called Myers Tyre Supply India Limited, Inc.

“We are pleased about expanding our long term relationship with TVS ASL, a leading automotive aftermarket company in India. Our small investment in this joint venture aligns with the geographic expansion strategy for our Distribution Segment. The global presence of Myers Tire Supply, which excels in providing tools and consumables to independent tire dealers and tire retreaders, complements TVS’ strength in equipment sales to automobile dealers in India,” said John C. Orr, President and CEO of Myers Industries.

“We are happy to take our decade-long relationship with Myers Tire Supply to the next level, allowing us to bring in a strong player to the tools and consumables market. Together we will form an important piece of the Aftermarket Service Solution that TVS ASL endeavors to give to the Auto Industry," added R. Dinesh, Joint Managing Director of TVS.
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