Chennai, May 27, 2026: TVS Srichakra Ltd, the manufacturer of Eurogrip tyres, has approved a capital expenditure plan of up to ₹220 crore to expand production capacity at its manufacturing facilities in Vellaripatti, Madurai, in response to rising demand across key tyre segments.
The company’s board of directors approved the investment at its meeting held on May 27, according to a regulatory filing.
The expansion programme will be split equally between the company’s two-wheeler tyre plant and off-highway tyre (OHT) plant, with each facility receiving investments of up to ₹110 crore. The projects will be funded through a combination of internal accruals and debt.
At the two-wheeler tyre plant, which currently has an annual production capacity of approximately 210-235 lakh tyres and is operating at around 80-85% utilisation, the company plans to add about 5% capacity. The expansion is expected to be completed during the first half of FY2028-29.
The off-highway tyre plant, which currently has a production capacity of approximately 75-85 metric tonnes and utilization levels of 75-80%, will undergo a more significant expansion, with capacity set to increase by around 25%. The additional capacity is expected to come on stream in the first half of FY2027-28.
TVS Srichakra said the investment is aimed at meeting growing demand for its two- and three-wheeler tyre portfolio as well as its off-highway tyre products, which cater to agricultural, industrial and specialty vehicle applications.
The move underscores the company’s confidence in long-term demand growth across domestic and export markets and is expected to strengthen its manufacturing capabilities while supporting future revenue growth.
TVS Srichakra, part of the TVS Mobility Group, markets its products under the Eurogrip brand and is among India’s leading manufacturers of two-wheeler, three-wheeler and off-highway tyres