TVS Srichakra Limited has informed the Exchange about Capacity addition

TVS Srichakra's Board has approved capital investment of up to Rs.220 Crores for capacity expansion at its Vellaripatti, Madurai manufacturing units. The 2-wheeler tyre plant will see about 5% capacity addition at a cost of Rs.110 Crores, targeted for completion in first half of FY 2028-29. The Off Highway Tyre plant will see a larger 25% capacity addition, also at Rs.110 Crores, expected to be operational in first half of FY 2027-28. Both expansions aim to meet growing demand for the company's 2/3-wheeler tyres and Off Highway Tyres. Current capacity utilization is already high at 80-85% for 2W and 75-80% for Off Highway. The expansions will be funded through a combination of internal accruals and debt.