Thapar group-promoted Premium Transmission, which has set up its first service centre at Pune, plans to establish similar centres in other domestic as well as overseas markets including the UK. The company has set up its first service centre at Pune for repair and overhaul of gearboxes, gear motors, among others with an aim to strengthen its service network, the company said in a statement.
The one-stop state-of-the-art facility which has come at a "significant" investment, also aims at enhancing after- market support, it said. Premium Transmission is a leading player in industrial gearboxes, geared motors and fluid coupling segment. "This is our first service centre in the country. To cater to the domestic market, we also plan to expand our service centre network to other cities. The pipeline includes locations like Bhubaneshwar and Coimbatore by the end of FY20," said Neeraj Bisaria, managing director and chief executive, Premium Transmission, in a release. "Centres have also been proposed in Bangladesh, Sri Lanka, and Kenya as well to serve the international market more effectively and efficiently," the company said.
The Pune centre has been established with significant investment and will unfold immense potential for the region, it said adding besides accelerating industrial growth it would also play a key role in employment generation. As per the company, the centre will contribute to the existing spares sales of the company, in addition to being an important source of revenue generation. "Premium Transmission, with total revenue of over Rs 400 crore from domestic operations aims to generate an additional Rs 100 crore by FY 23-24 through spares and services," it added.
(With inputs from agencies.)