Date: 26th May 2026

Board Meeting Outcomes

The Board of Directors at their meeting held on 26th May 2026 (which concluded at 4:30 PM) approved the following material decisions:

  • Expansion for Truck & Bus Radial (TBR) Tyres and Passenger Car Radial (PCR) Tyres to be implemented in phases

Expansion / Capex Details

Location of Expansion:

  • TBR Tyres: Chennai Tyre Plant (CTP) and Vikrant Tyre Plant (VTP)
  • PCR Tyres: Chennai Tyre Plant (CTP)

Capacity Details:

  • Current installed capacity: Over 210 lakh tyres per annum (including TBR/PCR)
  • Current capacity utilization: Over 90% of installed capacity
  • Proposed capacity addition: 24% increase in TBR/PCR capacity
  • Implementation timeline: By Financial Year 2029-30

Investment Details:

  • Total investment: ₹4,980 Crore (in phases)
  • Mode of financing: Internal Accruals and Debt

Strategic Rationale:

The expansion is proposed due to robust demand across categories in the Indian Tyre Industry, aiming to maintain market presence.