TVS Srichakra to Invest ₹220 Cr in Madurai Capacity Expansion

TVS Srichakra Ltd's Board of Directors approved a capital investment of up to ₹220.00 Crores for capacity expansion at its manufacturing units in Vellaripatti, Madurai. The investment is divided equally between the 2W plant and the Off Highway Tyre plant, with ₹110.00 Crores allocated to each. The expansion aims to meet the growing demand for the company's 2/3-wheeler tyres and Off Highway Tyres and will be financed through a combination of internal accruals and debts. The proposed capacity addition for the 2W plant is about 5% and is expected to be added in the first half of FY 2028-29, while the Off Highway Tyre plant will see a capacity addition of about 25% in the first half of FY 2027-28.