Reliance sets another retail milestone in India

Multibrand car service stations, each built over an acre in mall premises, is what the country will see within one or one-and-a-half years' time. The Rs 65,000-crore Reliance is all set to carry out this retail venture. For the past six months, a team of professional executives has been working on the details (including standard of spares and quality levels). Automobile service and support sector is a business of high return with margins as high as 200-300 per cent. In India, this service is, so far, split up into authorised dealers and unauthorised service stations. Reliance group's USP (service stations) will provide quality services at lower price than do authorised dealers for all models of cars. Conceptually, UPS service station is a format practised in developed countries where, your car gets washed or serviced while you shop or watch a movie.Ongoing retail projects are an addition to or extension of existing retail venture of Reliance, which comprises hypermarkets, supermarkets, convenience stores and malls.

Courtesy: EconomicTimes
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