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"Tegeta Motors" completed the year 2017 with the higher growth than the planned one   

In 2017 "Tegeta Motors" became the first company in the automotive industry in the Caucasus and Eastern Europe, obtaining the rating of the prestigious international organization Fitch.

 

In order to improve corporate governance, “Tegeta Motors” cooperates with the International Finance Corporation (IFC), a member of the World Bank Group. The goal of the project is to improve the current corporate governance, taking into account the best practices of international experience.

 

IFC has developed a number of recommendations in the planning and implementation of corporate governance, corporate structure solutions, adoption/amendment/renewal of documentation related to corporate governance and creation of the function of corporate secretary.

 

Implementation of these recommendations is already in the course, and the process will be completed in 2018. In the same year, the company signed important memorandums of mutual cooperation with major global producers, and became their official retail partner in Georgia. The portfolio of brands of "Tegeta Motors" was added by over 50 leading world manufacturers of spare parts for cars, batteries, tires, and special equipment, such as PIRELLI, KUMHO, ROSSAVA (tires), TOTAL TOOLS, MAKITA, (equipment and tools) BEX, MACPOWER, GENTRY, (batteries), CHAMPION (oils), etc.

 

In 2017, the company has opened new and expanded existing branches and service centers in Batumi, Rukhi, Marneuli. Gori, Poti, Akhalkalaki, and Telavi, and also opened a second branch in Baku. At present, Tegeta Motors is represented by 23 branches throughout Georgia. The company's service centers are characterized by improved infrastructure, highly qualified personnel, and modern auto service equipments. In 2017, the pass-through function of service centers of "Tegeta Motors" grew by 500 units in comparison with 2016 and amounted to 1500 vehicles per day. Also, the number of loyal customers has increased, and today the company's services are used by up to 250,000 consumers owning TEGETA cards. In 2017, the distribution network has been significantly developed and the number of corporate clients grew by 25%. "Tegeta Motors" is one of the leading Georgian companies in terms of providing TAX FREE compensation. Within the TAX FREE project, the company has created a unique product that provides TAX FREE refund for installed tires - this service can be applied by any foreign citizen.

 

 In 2017, "Tegeta Academy" opened two branches in Rukhi and Tbilisi. " Tegeta Academy" has been operating since 2013 and is a unique educational platform, where the training is conducted on a dual-education model approved in Europe, which provides for studies based on practical work.

 

 The purpose of the training center "Tegeta Academy" is the popularization of professional education in the country, training and subsequent employment of qualified specialists. The training course in the  "Tegeta Academy" was passed by up to 300 people, 120 most successful graduates of which were employed in the service centers of "Tegeta Motors".

 

The company was awarded the title of the best employer in the automotive industry, and employed in 2017 up to 320 people, thereby increasing the total number of employees to 1500.

 

In 2017, Tegeta Motors launched a significant e-commerce project and created a multifunctional portal “shop.tegetamotors.ge”, which is a practical platform for both corporate and retail customers.

 

“shop.tegetamotors.ge” is an online catalog of auto parts, in which any interested consumer can find the product he needs, get detailed information about it, find out the cost, etc.

 

Currently, the catalog presents a full range of tires and batteries only, in the future it will be added by the information about all types of products that can be purchased in the network of "Tegeta Motors".

 

 "In 2018, we plan to complete the projects launched jointly with our very important partners, open new branches and expand the existed ones, and start developing new markets in the countries of the Caucasus and Central Asia. Today, Georgia is a leader in banking and tourism, our goal is to make the country a leader in the automotive field. We are confident that we will be able to do this, and 2018 will be even more successful and important for us, " - the company said. 


"Tegeta Motors" completed the year 2017 with the higher growth than the planned one 

 

"Tegeta Motors" is a holding company that has been working in the Georgian market for 22 years, and invariably retains leadership positions in the auto industry. "Tegeta Motors" offers corporate and retail customers a full service in the field of auto service and auto products. The holding unites 5 daughter companies."



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