An automotive aftermarket technology company, Motorcoats India today announced its expansion plans for the next 24 months in India. After its successful studio launch in Hyderabad last month, the company has launched its next studio in New Delhi.
Furthermore, the company has planned an investment of Rs 85.69 Crores to expand it’s footprint across 36 more cities by opening 65 more such studios along with Research and Development wings. Bifurcating the financials, around Rs 32.5 Crores would be spent on setup of these studios along with Rs 53 Crores of operational and R&D cost. The newly opened store in Delhi is about 5,000 sq. ft. in size with a team of 10 professionals to handle the exterior and interior car protection services offered by the company. In a single day, the studio would be able to deliver 3 cars post coating services and 10 cars post express services. The studio also has 6 covered and approx 15 open parking spaces. For it’s Delhi assignment, a total outlay of Rs 1.5 Crores was kept aside which included expenditure on equipment’s, consumables and studio set up costs.