Brands
Yokohama India expands its Yokohama Club Network with a new outlet in Coimbatore
Mumbai: Yokohama India is delighted to announce the inauguration of a dedicated store in Coimbatore, marking a significant expansion of its flagship Yokohama Club Network (YCN). Located strategically in Saravanampatti, Coimbatore Covai Tyres is now a member of the YCN. This specialised store will stock a full inventory of Yokohama’s high-performance tyres, offering a complete range of products and services. The collaboration between Yokohama India and Covai Tyres represents a powerful synergy that promises to elevate the tyre buying experience for customers in Coimbatore.
“In our relentless pursuit of excellence, we place the utmost importance on expanding our customer reach and ensuring their complete satisfaction. The Yokohama Club Network has consistently been at the forefront, offering an extensive range of high-quality tyres and exceptional services, setting a new benchmark for customer delight. With the addition of Covai Tyres in Coimbatore, we view this as a golden opportunity to forge stronger connections with our valued customers in the region, equipping their vehicles with our top-notch performance tyres and enriching their motoring experience.” Yokohama India MD and CEO Harinder Singh was quoted saying.
Covai Tyres owner M. Sabapathi said, “We took the Yokohama dealership in 2022 and within one year we decided to join the YCN world. What prompted us to take this decision is the repeat purchases and positive feedback from our customers. We have seen that Yokohama tyres are consistent in high quality and performance that customers want.”
Yokohama Club Network (YCN) dealership stores serve as comprehensive solutions for all tyre-related needs. Customers can avail of services such as wheel balancing, wheel alignment, and more, all performed with the latest tools and machinery by highly-trained technicians.
Yokohama Club Network (YCN) dealership stores are a one-stop solution for all tyre-related needs. They offer a wide range of Yokohama tyres to choose from, as well as a comprehensive range of tyre-related services, such as wheel balancing, wheel alignment, tyre maintenance and, and tyre warranty claims. The stores also have knowledgeable staff who can help the customers select the right tyres and services for their needs. With their latest tools and machinery and highly-trained technicians, one can be sure that the tyres are in good hands. Yokohama India has been steadfastly expanding its YCN footprint since 2020 and will continue to do so aggressively in 2023.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI: Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
