TVS Srichakra, tyre manufacturing arm of TVS Group which sells tyres under the brand TVS Tyres, is reportedly in the process of developing radial tyres for the TVS Motor-BMW joint venture two wheeler products, which are expected to be revealed in 2016.
The company is planning to invest around Rs 150 crore this year to expand its manufacturing capacity from the current 2 million tyres per month to 2.3 million tyres per month, by December 2015. The company is also looking at launching tyres for the earthmover category in future.
