TVS Srichakra has received approval from board of directors to form subsidiary in USA, with the intention of acquiring the business of Super Grip Corporation, USA. Super Grip Corporation is a Tennessee based company, established in 1984, to meet the need for high quality tyres for the industrial tyre market.
For TVS Srichakra, the proposed acquisition is in line with its growth agenda in the off-highway tyre market. The company has recently invested in a new plant at its Madurai facility which doubles its off-highway tyre capacity. This investment is largely directed at global markets.
TVS Srichakra is one of India's leading two- and three -wheeler tyre manufacturer. The company is recognised as a large manufacturer of industrial pneumatic tyres, flotation, motorgrader, farm & implement tyres, skid steer tyres, multipurpose tyres and vintage tyres.
