TVS Srichakra has planned capital expenditure of Rs 1000 crore to ramp up manufacturing in its Madurai and Pantnagar plants. This investment is planned to be made over a three year period. The investment, when fully made, will result in an increase in 2 & 3 wheeler tyre capacity by 25-30% and doubling of off-highway tyre capacity from current levels. The investment is planned to be funded by a mix of debt and internal accruals.
TVS Srichakra is a leading Indian manufacturer of 2 & 3 wheeler and off-highway tyres.
