AKRON—Myers Tire Supply International Inc., a subsidiary of Myers Industries Inc., has launched a joint venture with an India-based tool distributor, TVS Automobile Solutions Ltd., to distribute tools, supplies and equipment into the fast-growing Indian auto aftermarket.
The new company is called Myers Tyre Supply India Ltd. Inc.
John Orr, president and CEO of Akron-based Myers Industries, said the company is “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.”
Myers Tire Supply distributes tools, equipment and supplies to tire, wheel and undercar service professionals. TVS, a subsidiary of TV Sundram Iyengar & Sons Ltd., provides a range of services, including workshops, emergency roadside assistance, tools and garage equipment, extended warranty service for used cars, a telematics-based vehicle tracking system, car diagnostics and car insurance services.