TVS Srichakra Limited has informed the Exchange regarding a press release dated Jun 26, 2025, titled "Eurogrip Tyres opens two more exclusive retail stores in Chennai".
TVSSRICHAK · price
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TVS Srichakra's tyre brand Eurogrip has opened two new exclusive branded retail stores in Chennai, located in Selaiyur and Villivakkam. The stores will sell two-wheeler tyres along with allied services like tyre fitment, puncture repair, lubricant/oil changes, and warranty processing. This follows the first Chennai store opened in Velachery in May 2024. Eurogrip now has exclusive stores in six cities — Chennai, Mysore, Ahmedabad, Patna, Farrukhabad, and Hyderabad — with plans to expand the network further. The company is part of the TVS Mobility group and produces over 3 million tyres a month, exporting to 85+ countries.
This is a routine distribution expansion move that strengthens Eurogrip's retail presence in a key two-wheeler market. While positive for long-term brand visibility and replacement market share, store openings of this scale are unlikely to materially move the stock price in the short term.