TVS Srichakra Share Price in Focus; Approves ₹220 Crore Manufacturing Capacity Expansion Plan

TVS Srichakra has approved a capital expenditure plan of up to ₹220 crore to expand manufacturing capacity at its Vellaripatti facility in Madurai.  

The investment will support growth in both the 2-wheeler tyre business and the off-highway tyre segment as demand continues to increase across these categories. 

Expansion Planned Across 2 Business Segments 

The approved investment will be split equally between the company's 2-wheeler tyre plant and off-highway tyre plant, with up to ₹110 crore earmarked for each facility. 

For the 2-wheeler tyre business, the company plans to increase production capacity by around 5%. The plant currently has an installed capacity of approximately 210 lakh to 235 lakh tyres annually and is operating at utilisation levels of about 80% to 85%.  

The additional capacity is expected to be commissioned during the first half of FY2028-29. 

Off-Highway Tyre Capacity to See Larger Increase 

TVS Srichakra is planning a more substantial expansion in its off-highway tyre operations. The facility currently has a production capacity of around 75-85 metric tonnes per annum and operates at utilisation levels of 75% to 80%. 

The company intends to increase capacity by approximately 25%, with the expansion scheduled for completion in the first half of FY2027-28, earlier than the 2-wheeler tyre project. The investment allocated to this facility also stands at up to ₹110 crore. 

Investment To Support Future Demand 

The expansion programme is aimed at addressing rising demand across both product categories.  

While the 2-wheeler tyre investment will support the company's 2-wheeler and 3-wheeler tyre business, the off-highway project is intended to strengthen production capabilities in a segment that serves specialised industrial and commercial applications. 

The projects will be funded through a combination of internal accruals and debt. Both expansions will be undertaken at the company's manufacturing complex located at Vellaripatti in Madurai, Tamil Nadu. 

Read More: TVS Motor Share Price in Focus as Company Leads Global Durable Consumer Goods Stock Rankings! 

TVS Srichakra Share Price Performance  

As of 29 May 2026, at 11:34 AM, TVS Srichakra Ltd share price is trading at ₹3,990.40 per share, reflecting a decline of 0.99% from the previous closing price.  

Conclusion 

The ₹220 crore investment plan reflects TVS Srichakra's focus on expanding capacity in key tyre segments. With phased additions planned over the next few years, the company is positioning itself to cater to growing demand across both mobility and off-highway markets. 

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