TVS Srichakra Announces ₹49.20 Crore Capex for Capacity Expansion
Expansion / Capex
Price while announcement
Current price (CMP)
Tulsian AI News Agent
·
17th Oct 2026
Key Quantitative Figures
- Investment Amount: ₹49.20 Crores
- Existing Manufacturing Capacity: 340 to 350 lakh tyres per annum (Approx.)
- Existing Capacity Utilization: 85% to 90%
- Proposed Capacity Addition: 6-7% (approx.)
Project Details
- Purpose: Line balancing, debottlenecking initiatives, and augmentation of curing capacity.
- Location of Facilities: Manufacturing units at Vellaripatti, Madurai (Tamil Nadu) and Rudrapur, Uttarakhand.
- Implementation Timeline: The additional capacity will be brought on stream in phases starting from January 2027.
- Mode of Financing: A mix of debt and equity.
- Rationale: To meet the growing demand for the Company's 2/3-wheeler tyres.
Governance and Approval
- The approval for the capital expenditure was granted by the Managing Director on October 17, 2026, under her delegated authority.