New Delhi: Reliance Retail is adding to its categories, besides apparel and FMCG, it plans to stock car accessories and service automobiles.
Reliance Retail is driving into a new category, car accessories and car servicing. CNBC-TV18 has learnt that this business is headed by Arun De.
He was the Deputy GM at Maruti's used car business, True Value. Besides, three or four Maruti officials have joined Reliance Retail.
Sources say that Reliance's auto retail business is in the planning stage and the company has yet to decide whether it will sell vehicles as well. An RIL spokesperson made no comment when contacted.
Growing at over 10 per cent, India has the world's second fastest growing car industry. And it is developing a fetish for frills, be it fancy alloy wheels, upholstery or car audio systems.
The spares and accessories market in India, worth Rs 7,000 crore, is essentially driven by mom-and-pop stores.
Reliance will be the first organised retailer to enter this category. Reliance Retail's drive into other categories carries on.
It is striking sourcing deals in categories such as apparel, FMCG, groceries and white goods.
The proposed retail venture aims to cover 1,500 cities and towns, with 1,500 supermarkets and 1,000 hypermarkets.
So, while you shop for your household needs, you can pamper your car as well, or perhaps even pick up one.
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