Rubber sector projects by TVS Srichakra Ltd in Madurai in Tamil Nadu and Pantnagar in Uttarakhand.
Project Information
6986
TVS Srichakra Ltd
TVS Srichakra Ltd is all set to expand its tyre manufacturing capacity at two of its plants — Madurai in Tamil Nadu and Pantnagar in Uttarakhand.
The two and three-wheeler tyre major, which currently churns out 2.3 million units per month across both its plants, is functioning at full capacity and gearing up to ramp up and cater to the growing demand both from the original equipment manufacturers and after-market demand.
“A decision on the expansion of both the plants along with the investments required will be finalised by February end. The company had increased its manufacturing capacity from 1.7 million tyres per month in 2012-13 to 2 mtpm in 2013-14 and again from 2 mtpm to 2.3 mtpm with the addition of 3,00,000 units per month in October last,” said P Vijayaraghavan, Director.
In an interaction with BusinessLine, the industry veteran said: “TVS Tyres has become the largest supplier of tyres for two and three-wheelers in the country for the OEMs. With the company having over 3,000 strong dealer network, we are training attention on the after-market, where we are amongst the top three in the country. By augmenting fresh capacities, we would be able to further expand our presence in the after-market segment.”
Apart from its supplies to OEMs and meeting the requirement in the after-market segment, the TVS Group company and part of the $8-billion (about Rs.50,000-crore company), also produces tyres for some marquee brands such as Michelin from a dedicated plant for the latter’s supplies. In addition, the company, which closed last financial year with a turnover of Rs.1,896 crore, is in the process of consolidating its exports.
Project Value
Refer document
Planning
Madurai in Tamil Nadu and Pantnagar in Uttarakhand.
Multi State
India
Rubber
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