TVS Srichakra’s wholly owned subsidiary -- SG Acquisition Corporation has executed an Asset Purchase Agreement with M/s Super Grip Corporation, USA (SG), marking an important acquisition. This transaction involved transfer of assets, liabilities and business operations from M/s Super Grip Corporation, US, to M/s SG Acquisition, US, without subscribing to the shares in M/s Super Grip Corporation. The objective of acquisition is to expand business in the USA.
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.
