The Business Times
business-time-50

Going viral on TikTok helped Pitstop Tyres clear S$400,000 of debt; it now aims to be Singapore’s top auto shop

Expanding beyond tyre sales and repairs helped boost the family business’ revenue

Summarise
google-preferred-sourceAdd BT as a preferred source
Tessa Oh

Tessa Oh

Published Wed, Jun 18, 2025 · 11:00 AM
    • Pitstop Tyres' second-generation owner Cordillia Tan joined the family business in 2020, and applied her experience in scaling startups to help her father’s business survive.
    • Pitstop Tyres' second-generation owner Cordillia Tan joined the family business in 2020, and applied her experience in scaling startups to help her father’s business survive. PHOTO: BT FILE

    [SINGAPORE] Once on the brink of bankruptcy, home-grown auto repair shop Pitstop Tyres is now making more than S$1 million in annual revenue – thanks to its second-generation owner’s fresh approach.

    When Cordillia Tan joined the family business in end-2020, she brought along her experience in a venture capital firm, where she helped early-stage startups accelerate their growth.

    But she did not expect to spend the next few years trying to pull the company out of debt.

    Singapore SMEsCars

    TRENDING NOW

    Traffic through the strait has been resuming but with interruptions, and there is still little clarity over a permanent solution for passages through the chokepoint.

    Qatari LNG ship struck in Strait of Hormuz, testing US talks

    This comes after a Citi note on Tuesday that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

    DBS, OCBC and UOB shares hit all-time highs as sentiment improves

    Aster deputy CEO Andre Khor, citing the age of the “polycrisis”, says: “It’s very important to be agile, to be focused on execution… We don’t know all the answers but we keep going forward.”

    ‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis

    Singapore is ranked as the world’s most expensive city for cars and placed third globally for residential property, according to Julius Baer.

    Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More