Skip to content
Search

Latest Stories

GSF Car Parts names Sukhpal Ahluwalia as chair

The appointment brings the industry veteran back to the car parts business

GSF Car Parts names Sukhpal Ahluwalia as chair

ONE of Britain’s most successful Asian entrepreneurs has been named the executive chairman of GSF CAR PARTS, the UK’s second largest car parts retailer.

Sukhpal Singh Ahluwalia is best known for founding Euro Car Parts in 1978; he scaled it from a single car accessories store in London into the largest distributor and retailer in the UK. Ahluwalia then sold the company to LKQ Corporation in 2011.


His former colleague at Euro Car Parts, Steve Horne, will be GSF’s chief executive officer, the company said in a statement on Friday (27) as it looks to “turn the business into a fast-growth” enterprise.

Ahluwalia’s family office has also invested in GSF, which operates 180 branches across the UK and Ireland.

He said: “This is a hugely exciting time for GSF Car Parts and I look forward to working with all of our valued team members, customers, and global suppliers as we start on this new journey together.”

GSF plans to open new branches and strengthen its e-commerce offering. It also plans to extend its range of products for electric vehicles and revamp its delivery fleet.

Horne said the company “will turn the business into a fast-growth, sales-focused company with our customers, suppliers, and team members at its heart.”

More For You

house prices

The slowdown in housing markets reflects the rising anxiety on potential tax changes.

iStock

House prices see biggest November drop in 13 years

Highlights

  • Average asking prices dropped 1.8 per cent (£6,589) in November to £364,833 the steepest fall for this time of year since 2012.
  • High-value properties hit hardest, with sales of homes over £2 m plunging 13 per cent year-on-year.
  • Mortgage lending growth forecast to slow from 3.2 per cent to 2.8 per cent in 2026 as affordability pressures mount.

Britain's housing market has hit the brakes ahead of the November (26) budget, with property asking prices recording their sharpest November decline in 13 years, according to data from Rightmove.

The average price tag on newly listed homes fell by 1.8 per cent (£6,589) to £364,833 last month significantly steeper than the typical 1.1 per cent November dip seen over the past decade. The slowdown reflects mounting anxiety about potential tax changes in chancellor Rachel Reeves's upcoming fiscal statement.

Keep ReadingShow less