TVS Srichakra has received an approval for investment in equity shares of a subsidiary being formed in UK for acquisition of a distribution business in Europe. The board at its meeting held on November 12, 2011 has approved for the same.
TVS Srichakra is engaged in the business of tyre manufacturing. The company manufactures wide range of tyres for motorcycle, scooter, moped and three-wheelers. The company produces these tyres keeping in mind various features of different automobiles.