TVS Srichakra is planning to make additional capital expenditure of Rs 49.20 crore to undertake line balancing and debottlenecking initiatives including argumentation of curing capacity at its Madurai (Tamil Nadu) and Uttarakhand manufacturing facilities. The capital expenditure will be funded through a mix of debt and equity.
The company has existing manufacturing capacity of around 340 to 350 lakhs tyres per annum, operating at 85% to 90% capacity utilisation rate. The capital expenditure is aimed at increasing the manufacturing capacity by around 6% to 7%. The additional capacity will be brought on stream in phases starting from January 2027.
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, motor grader, farm & implement tyres, skid steer tyres, multipurpose tyres and vintage tyres.
