{"id":10869,"date":"2020-12-15T13:02:21","date_gmt":"2020-12-15T07:32:21","guid":{"rendered":"https:\/\/www.tyremarket.com\/tyremantra\/?p=10869"},"modified":"2021-06-09T16:29:02","modified_gmt":"2021-06-09T10:59:02","slug":"tvs-srichakra-on-the-roll-announces-capex-investment-of-rs-1000-crores","status":"publish","type":"post","link":"https:\/\/www.tyremarket.com\/tyremantra\/tvs-srichakra-on-the-roll-announces-capex-investment-of-rs-1000-crores\/","title":{"rendered":"TVS Srichakra On The Roll: Announces Capex Investment Of Rs. 1,000\/- Crores"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">TVS Srichakra, India\u2019s one of the well-known two &amp; three-wheeler tyre manufacturers and exporters announced its planning of capital expenditure of Rs. 1,000\/- crores.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Incorporated in 1982, TVS Srichakra is one of the flagship companies of <a href=\"https:\/\/www.tyremarket.com\/TVS-Two-Wheeler-Tyres\"><strong>TVS Group<\/strong><\/a>, which is India&#8217;s largest auto ancillary conglomerate worth USD 8.5 billion.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">S Ravichandran, Director, TVS Srichakra Limited, introduced the CAPEX initiative as a step to technologically upgrade the company\u2019s manufacturing plants at Madurai and Pantnagar in order to increase its production capacity by approx. 25-30% and meet the rising demand for <a href=\"https:\/\/www.tyremarket.com\/TVS-Two-Wheeler-Tyres\"><strong>two and three-wheeler tyres<\/strong><\/a>. The company also aims to double the production of off-highway tyres in comparison to the current levels.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The expenditure will also enable the company in upgrading its R&amp;D and product development facilities that will enable the company in realising its growth plans, strengthen its partnerships with the automobile manufacturers, development of a new range of <a href=\"https:\/\/www.tyremarket.com\/TVS-Two-Wheeler-Tyres\"><strong>radial tyres<\/strong><\/a> and introduce more premium products.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Talking about the utilisation of this expenditure, S Ravichandran also highlighted the further development of the company\u2019s newly announced brand \u2018TVS Eurogrip\u2019 which is exclusively made for premium two-wheelers along with the company\u2019s plans of setting up a state-of-the-art design centre in Milan, Italy in the last fiscal.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Keeping a positive approach after the downfall in the global markets because of the pandemic, S Ravichandran concluded his announcement by highlighting the expenditure as the company\u2019s confidence in the recovery of India\u2019s economy and its contribution to Atmanirbhar Bharat.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TVS Srichakra, India\u2019s one of the well-known two &amp; three-wheeler tyre manufacturers and exporters announced its planning of capital expenditure of Rs. 1,000\/- crores.\u00a0 &nbsp;&#8230;<\/p>\n","protected":false},"author":12,"featured_media":11603,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[4],"tags":[5404,5405,586],"class_list":["post-10869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-atmanirbhar-bharat","tag-tvs-eurogrip","tag-tvs-srichakra"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>TVS Srichakra On The Roll: Announces Capex Investment Of Rs. 1,000\/- Crores<\/title>\r\n<meta name=\"description\" content=\"TVS Srichakra, India\u2019s one of the well-known two &amp; three-wheeler tyre makers announced its planning of capital expenditure of Rs. 1,000\/- crores.\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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