TVS Srichakra Announces INR1000 Crore Expansion Programme

TVS Srichakra Announces INR1000 Crore Expansion Programme

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)

Comments (0)

ADD COMMENT

    Ultraviolette Automotive Collaborates With Indian Army For 5-Day Rally Across Tamil Nadu

    Ultraviolette F77

    Bengaluru-based electric vehicle company Ultraviolette Automotive collaborated with the Madras Regiment Centre (MRC) of the Indian Army for a five-day rally across Tamil Nadu, by providing a fleet of F77 motorcycles.

    The ride honoured the army Veterans and Veer Naris of Madras Regiment and the Armed Forces community in the region.

    Under the aegis of the Dakshin Bharat Area, the rally covered six districts of Tamil Nadu - Tirupur, Karur, Dindigul, Madurai, Theni and Coimbatore. The team of army personnel engaged with approximately 3,000 veterans and veer naris during the journey: addressing various concerns, sharing crucial information on entitlements, and providing immediate assistance. The F77s covered a cumulative distance of over 6000 kilometres.

    Narayan Subramaniam, CEO & Co-Founder, Ultraviolette, said, " Collaborating again with the Indian Army for this remarkable outreach initiative is an honour that resonates deeply with Ultraviolette's ethos. Our vision to create world-class technology is inspired by the spirit of the India - undaunted, resilient, and driven by purpose. The F77 embodies the very principles that define our Armed Forces - precision, performance, and an unwavering commitment to excellence. To witness Ultraviolette playing a key role in this rally, honouring veterans, and their families, is not just a privilege but a defining moment in our journey".

     

    Comments (0)

    ADD COMMENT

      Suzuki Motorcycle India Sales Grow 8% In April 2025

      Suzuki Motorcycle India

      Suzuki Motorcycle India (SMIPL), a leading manufacturer of two-wheelers in the country, has reported wholesales of 112,948 units for April 2025, which is 14 percent higher than 99,377 units it sold last year.

      The company reported an 8 percent growth in its domestic sales at 95,214 units, as compared to 88,067 units last year, while exports grew by 57 percent at 17,734 units, as against 11,310 units for the same period last year.

      Deepak Mutreja, Vice-President – Sales & Marketing, Suzuki Motorcycle India, said, “This positive start to the year fills us with gratitude. Each unit sold represents the beginning of a new journey with our customers and we are thankful to be a part of it. We will continue to work sincerely to meet the evolving expectations of our customers and contribute positively to their journey with us.”

      Last month, the company further upgraded its product lineup, including the Hayabusa to be OBD-2B compliant.

      Comments (0)

      ADD COMMENT

        TVS Motor Co Sells 443,896 Vehicles In April 2025

        TVS Motor Co

        Chennai-based two-wheeler and three-wheeler maker TVS Motor Company has announced its wholesales for April 2025. The company reported witnessing a 16 percent growth, selling 443,896 units, as against 383,615 units last year. 

        The domestic two-wheeler sales include 220,527 motorcycles and 169,741, while exports accounted for 106,683 units.  

        EV sales grew by 59 percent, rising from 17,403 units in April 2024 to 27,684 units last month.

        Three-wheeler sales grew by 50 percent YoY from 9,023 units to 13,566 units.

        Comments (0)

        ADD COMMENT

          Street Culture Takes Centre Stage At The Debut Edition Of Royal Enfield Hunterhood

          Street Culture Takes Centre Stage At The Debut Edition Of Royal Enfield Hunterhood

          Blending the pulse of street culture, community and high-octane energy, Royal Enfield hosted the first-ever edition of HunterHood in Mumbai and New Delhi during the last weekend of April 2025. 
          Inspired by the spirit of Hunter motorcycle of the company, the HunterHood event – the latest cultural initiative built around the ethos of “From the streets, For the streets” – brought together riders, artists and urban explorers across the two Indian mega cities. 
          The company also unveiled ‘The 2025 Hunter 350’ with three new colourways and upgraded features inspired by and designed for ‘The Coolest Neighbourhoods of the world’.
          Featuring unique programming in the form of skateboarding sessions, spontaneous cyphers, vibrant graffiti art, live music jams, dynamic dance circles and exhilarating BMX stunts, the event witnessed high-octane performances by some of India’s top musicians like Dino James, Wild Wild Women, Shah Rule, Suggahunny, The Spindoctor, OG Shez, Ikka, DK Mocity, Dhanji, Lush Lata and Samriddhi Bhargav. 
          The event saw over 12 homegrown, premium and emerging street-led brands spanning skateboarding, apparel, sneakers and the culinary space participate. It was attended by 5,000 people across the two mega cities. 

          Comments (0)

          ADD COMMENT