TVS Srichakra Announces INR1000 Crore Expansion Programme
- By MT Bureau
- December 08, 2020
TVS Srichakra announced its planned capital expenditure of INR 1,000 Crores to ramp up manufacturing in its Madurai and Pantnagar plants over the next three years.
The investment, when fully made, will increase the company’s two and three tyre capacity by 25-30% and doubling of off-highway tyre capacity from current levels.The additional capacity will cater to growing demand across its customer base – both domestically and globally.
The investment is planned to be funded by a mix of debt and internal accruals.
Included in this investment, is a plan to enhance capacities in the company’s pioneering range of radial tyres and other premium products.
The investment outlay announced today will also significantly increase TVS Srichakra’s capacities and technological capabilities in the off-highway tyre segment, with a clear focus on global markets.
Speaking on the investment plan, S Ravichandran, Director, TVS Srichakra Limited said, “With a wide distribution network in India, growing international presence and building state-of-the-art capabilities in R& D and product development, we are further strengthening our manufacturing capabilities to cater to the growing demands in India and abroad. We believe that this capital outlay will enable TVS Eurogrip to further its growth aspirations and help strengthen its partnerships with vehicle manufacturers and create new benchmarks in the replacement and global markets. This investment reflects our fullest confidence in India’s recovery and its prospects in the medium to long- term and is our contribution to Atmanirbhar Bharat”.
TVS Srichakra Ltd had earlier, in FY 19-20, announced the launch of its new brand TVS Eurogrip as well as a new range of products. The company had also announced the setting up of its product design centre in Milan, Italy, in FY 19-20. (MT)
Suzuki Motorcycle India Sells 91,264 2Ws In June 2026
- By MT Bureau
- July 02, 2026
Suzuki Motorcycle India, a leading manufacturer of scooters and motorcycles in the country, has announced its wholesales for June 2026.
The company recorded total sales of 115,030 units last month, a 21 percent YoY increase compared to the 95,244 units sold a year ago. Domestic sales reached 91,264 units, up 23 percent YoY, while exports grew 12 percent to 23,766 units.
Deepak Mutreja, Vice-President – Sales & Marketing, Suzuki Motorcycle India, said, “Our sales performance in June reflects the sustained momentum, supported by strong demand and the trust our customers continue to place in the Suzuki brand. As customer expectations continue to evolve, we remain focused on delivering products that offer reliability, performance and value. At the same time, we are strengthening our engagement with customers through meaningful initiatives and experiences that help us build lasting relationships beyond the purchase.”
Revenue from spare parts sales totalled INR 929 million in June 2026, marking 15 percent growth over the previous year.
During the month, Suzuki Motorcycle India conducted the Burgman Hangout Parade in Pune and Hyderabad. Additionally, the company held GIXXER Pit Stop events in Kumbakonam, Ranchi, Bengaluru and Dehradun, which involved 285 participants.
Yulu Enables Mobility For Over 12,000 Women Home Service Professionals
- By MT Bureau
- July 02, 2026
Yulu, an Indian shared electric mobility platform, has announced that over 12,000 women home service professionals across 12 cities have utilised its platform to facilitate their work.
By providing accessible, low-cost electric vehicles (EVs), Yulu is actively dismantling mobility barriers that often prevent women from entering or thriving in the gig economy.
The platform supports women working as home cleaners, meal preppers and laundry professionals in the fast-growing online home services sector. Yulu’s lightweight, speed-capped EVs – which do not require a driver’s license – have allowed these professionals to complete 25–30 percent more assignments daily.
The all-inclusive rental model, which covers battery swapping and maintenance, significantly lowers the barrier to entry for women who previously lacked reliable personal transport.
Beyond the 12,000 women in home services, Yulu says it has empowered over 550,000 gig workers and delivery partners nationwide, many of whom have seen their incomes rise by 30–40 percent compared to using traditional petrol bikes.
The integration of Yulu’s mobility solutions comes at a pivotal time for India's service economy. According to Redseer Strategy Consultants, India's online home services market is expected to grow at a CAGR of 18–22 percent, reaching nearly USD 1 billion by FY2030.
At present over 35,000 women professionals are providing on-demand home services across platforms such as Urban Company, Snabbit and Pronto to name a few.
Amit Gupta, Co-Founder & CEO, Yulu, said, "Access to a vehicle often spells the difference between being dependent on her family and having an additional income stream that unlocks independence and dignity."
Pune-headquartered two-wheeler and three-wheeler major Bajaj Auto has announced its wholesales for June 2026.
The company recorded total sales of 463,202 units last month, which was 28 percent higher compared to 360,806 units in June 2025. This includes 389,395 two-wheelers, up 30 percent YoY, as compared to 298,484 units a year ago.
Interestingly, while the company’s domestic sales grew by 12 percent to 166,956 units, its exports saw 49 percent YoY growth to 222,439 units.
Three-wheeler sales for last month came at 42,881 units (+10 percent YoY) in the domestic market and 30,926 units in the export market (+33 percent YoY).
For Q1 FY2027, the domestic two-wheeler sales came at 586,547 units, up 11 percent YoY, as against 529,344 units a year ago. Exports on the other hand saw a robust 52 percent YoY growth to 636,005 units, as against 419,447 units last year.
Three-wheeler sales in the domestic market grew by 13 percent YoY to 119,531 units, while exports grew 69 percent YoY to 96,168 units.
Chennai-headquartered two-wheeler and three-wheeler major TVS Motor Company has announced its wholesales for June grew by 47 percent to 590,003 units, as compared to 402,001 units sold last year.
Sales for two-wheelers came at 565,417 units, which includes 411,014 units in the domestic market, while exports came at 154,403 units. In the domestic market, scooter sales came at 247,950 units, while motorcycles accounted for 267,096 units.
Electric two-wheelers saw a substantial jump from 14,400 units sold in June 2025, to 48,537 units sold last month.
On the other hand three-wheeler sales came at 24,586 units, up 51 percent YoY.
For Q1 FY2027, the company recorded sales of 1.63 million units. Two-wheeler sales reached 1.56 million units, while three-wheeler sales totalled 67,000 units. The company's international business accounted for 468,000 units and electric two-wheelers sales reached 130,000 units for the quarter.
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