The investment, when fully made, will increase the two and three-wheeler tyre capacity by 25%-30% and double the off-highway tyre capacity. It will also enhance capacities of the company’s pioneering range of radial tyres and other premium products.
P Vijayaragavan was the member of the boad of the tyre manufacturer of the TVS Group since September 2007.
“The increase in crude oil prices has proven to be a double whammy for tyre and paint companies. Their volumes were anyway under pressure due to demonetisation."
Triggered by the healthy two wheeler replacement tyre demand, major players like Apollo Tyres, Balkrishna Industries and Bridgestone India have announced their entry into the domestic two wheeler tyre segment in the last three quarters.
The total income from operations for the first quarter rose to Rs 511.81 crore from Rs 473.32 crore during same period a year ago, it said.
As part of the engagement, the jerseys of all the players of Puneri Paltan will have the logo of TVS TYRES on its back and each of the shoulders in addition to their training kits as well
The company's two plants - Madurai and Rudrapur in Uttarakhand -- would see the capacity expansion this fiscal
The revenue of TVS Srichakra too increased 9.5 percent to touch Rs 2082 crore in the year as against Rs 1899.7 crore.
Kapil Sharma is seen bringing 'The Totally Tikau' message strongly yet in a light hearted manner. The brand has relied on humor for connecting with the audiences.
The firm also proposes to purchase 15,89,699 Compulsory Convertible Preference Shares (CCPS) in TVS Automobile Solutions Ltd, amounting to Rs 40 crore.
The Company has reported an improved EBITDA for the third quarter FY 2016 at Rs 81.43 crore as compared to Rs 50.94 crore for corresponding quarter previous fiscal.
For the growth, tyre manufacturers are betting big on the improving demand in medium & heavy commercial vehicles (M&HCVs) and passenger car segments.
The company has already earmarked its presence in Europe through its brand TVS Eurogrip which manufactures a wide range of off high way tyres for industrial and agricultural use.
TVS Tyres, manufacturers of two and three wheeler tyres, has nearly doubled its net profit to Rs 48.66 crore for the September quarter.
TVS Tyres has signed up as the co-presenter of the Sachin and Warne backed Cricket All Stars Series that will be played in the US later this week.
The New Delhi-based company currently makes tyres for four-wheelers, buses and trucks and will take on giants MRF, Ceat and TVS in the two-wheeler category
TVS Tyres today said it will invest about Rs 150 crore for capacity addition in its two plants in Tamil Nadu and Uttarakhand, aiming to add 30 lakh units per month to its production line by December 2015.
TVS Srichakra is ramping up production capacity as the TVS Group company aims the top slot among India’s two-wheeler tyre manufacturers.
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Aramvalarthanathan Arumugam | Unlock to View | Unlock to View | Director | 23 Sep,2015 |
| Venkatraman Ramakrishnan | Unlock to View | Unlock to View | Director | 24 May,2014 |
| Rasesh Rasiklal Doshi | Unlock to View | Unlock to View | Director | 24 May,2014 |
| Harihara Iyer Janardana Iyer | Unlock to View | Unlock to View | Director | 20 Sep,2010 |
| Parthasarathy Vijayaraghavan | Unlock to View | Unlock to View | Director | 25 Aug,2006 |
| Ramachandhran Shobhana | Unlock to View | Unlock to View | Managing director | 28 Mar,1986 |
| Manakkal Sivaraman Viraraghavan | Unlock to View | Unlock to View | Director | 02 Jun,1982 |
| Naresh Ramachandhran | Unlock to View | Unlock to View | Managing director | 02 Jun,1982 |
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