TVSSRICHAKTVS Srichakra Limited
TVS Srichakra Approves ₹49.20 Crore Capex to Add 6-7% Tyre Capacity at Madurai and Uttarakhand
- Guidance
- Tyres
TVS Srichakra Limited has told the exchanges that the Managing Director, under delegated authority, approved on 17 Oct 2026 additional capital expenditure of ₹49.20 crore for line balancing and debottlenecking at its Madurai, Tamil Nadu, and Uttarakhand plants, including added curing capacity.
The plants now make about 340 to 350 lakh tyres a year at 85% to 90% capacity utilisation. The additional capacity is about 6% to 7%, to be brought on stream in phases starting in Jan 2027. The funding is a mix of debt and equity, and the company gives the reason as growing demand for its two- and three-wheeler tyres.
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