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TVS Srichakra to Invest INR 230 Crore in Madurai Expansion
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TVS Srichakra to Invest INR 230 Crore in Madurai Expansion
The Vellaripatti factory of the tyre maker TVS Srichakra Ltd, located near Madurai, is set to undergo a capital expenditure plan worth INR 230 crore. This will allow the company to increase production capacity in the two-and three-wheeler and off-highway tyre markets. A 5% capacity expansion is in the works at the company's two-wheeler tyre facility, which is already producing between 210 and 235 lakh tyres per annum at a utilisation rate of 80 …
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