myTVS Accelerates into Quick Commerce with Hypermart Auto Parts

myTVS, part of TVS Mobility Group, is entering the quick commerce space with the launch of myTVS Hypermart stores for auto parts distribution across India. The model leverages AI and a consignment inventory system for efficient delivery and profitability, aiming to connect 50,000 garages by 2025.

myTVS, a subsidiary of the TVS Mobility Group, has ventured into the quick commerce market through its myTVS Hypermart stores for auto parts distribution.

The company aims to establish 250 myTVS Hypermart outlets across India in the next three years, starting with 50 stores by March 2025 in key states like Tamil Nadu and Kerala. The initiative will employ AI-driven supply chain technology to streamline operations and increase efficiency.

By adopting a 'Supply Chain as a Pipe' model, myTVS offers a consignment inventory system that empowers partner stores to concentrate on growth without maintaining stock. This model, tested in a successful pilot phase, is set to enhance store profitability and provide significant returns for partner retailers swiftly.

(With inputs from agencies.)