TVS Tyres’ ≤7.7 million Expansion Plans

(Clacton, U.K./Tyres & Accessories) TVS Tyres is to invest 600 million rupees ≤7.7 million in expanding its domestic and export capacity.

Published: February 6, 2006

“Our new capacities will be ready by Mar. 31. After the expansion, we will have capacities to manufacture 900,000 tyres per month,” S. Balasubramanian, vice president of marketing for TVS Srichakra Ltd. told India’s Economic Times.

Attending the launch of seven new product variations, Balasubramanian told reporters that the company aims to increase its presence in the domestic aftermarket from 12% now to 16% by 2007, going up to 20% in two years.

TVS Srichakra reportedly exported just under 20% of its production in 2004-05, and targets the off-highway and industrial segments with this part of its business.

The commercial tire market is cautiously recovering from 2023 challenges

To better understand commercial tire expectations for the remainder of the year, Tire Review recently sat down with Pierluigi Cumo, VP of B2B products at Michelin North America.

By David Sickels

David Sickels is the Editor of Tire Review. He has a history of working in the media, marketing and automotive industries in both print and online.

Published: May 1, 2024

Despite a tough commercial tire market in 2023 due to overstock and and the effects of a rubber-banding supply chain, some tire manufacturers are expressing a cautious optimism for stabilization and gradual recovery through the rest of 2024 and into 2025. North American fleets are focusing their efforts on operational efficiency and profitability amidst lower shipping rates.