Continental agrees to sell mycar Tyre & Auto to Tuhu in A$403 million deal

September 25, 2026

Continental has agreed to sell mycar Tyre & Auto, an Australian automotive service and repair chain, to Chinese automotive services company Tuhu for an enterprise value of A$403 million. The deal includes mycar’s ~280 stores and more than 1,600 employees and remains subject to regulatory approvals.

Buyers
Tuhu
Targets
mycar Tyre & Auto
Sellers
Continental
Industry
Transportation
Location
Australia
Transaction Type
Divestiture

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