TVS Srichakra announces Rs 49.2 Cr additional capex for capacity expansion
TVSSRICHAK · price
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TVS Srichakra will invest Rs. 49.20 Crores in additional capex for line balancing and debottlenecking, including curing capacity augmentation at its Madurai and Uttarakhand plants. Current capacity is 340-350 lakh tyres per year at 85-90% utilization. Proposed addition is around 6-7% capacity, coming on stream in phases from January 2027. Funding will be a mix of debt and equity, aimed at meeting growing demand for 2/3-wheeler tyres.
Modest 6-7% capacity addition to ease utilization pressure and support 2/3-wheeler tyre demand growth, funded by debt-equity mix.