TVS Srichakra

What TVS Srichakra does

TVS Srichakra Limited is an Indian public-listed tyre manufacturer (BSE: TVSSRICHAK), founded in 1982 and headquartered in Chennai, with manufacturing operations in Madurai (Tamil Nadu) and Rudrapur (Uttarakhand). The company produces a diversified range of tyres under the Eurogrip brand, spanning two-wheelers (motorcycles, scooters, mopeds, electric two-wheelers), three-wheelers, ultra-light trucks, agricultural equipment, industrial material-handling, and Off-the-Road (OTR) applications for mining and construction. Underlying technical capabilities include dedicated R&D facilities for compound design, pattern development, and tyre testing, with active development of next-generation fuel-efficient tyres engineered specifically for electric vehicles (announced October 2024). The company holds ISO 9001:2015, IATF 16949:2016, ISO 14001:2015, and ISO 45001:2018 certifications, evidencing automotive-grade quality systems required for OEM supply.

The company's revenue model is built on two primary channels. The OEM channel supplies original-equipment tyres to major Indian and global two-wheeler manufacturers including TVS Motors, Bajaj Auto, Hero MotoCorp, Honda India, Suzuki Motorcycle India, Yamaha Motor India, Piaggio, and Aprilia, generating recurring B2B volumes tied to motorcycle production cycles. The aftermarket channel distributes replacement tyres through 100+ Indian distributors, 16+ exclusive Eurogrip signature retail stores (as of June 2026), e-commerce platforms, and regional distributors across 85+ countries spanning 6 continents. A third dimension is the off-highway segment, which was internationalized through the December 2023 acquisition of Tennessee-based Super Grip Corporation (USD 3 million), providing a US footprint for industrial and OTR tyres.

The business is in an investment and expansion phase. In May 2026, the company announced a ₹220 crore capital expenditure plan — ₹110 crore for a ~25% capacity increase at the Madurai off-highway tyre plant (commissioning H1 FY28) and ₹110 crore for a ~5% capacity increase at the two-wheeler tyre plant (commissioning H1 FY29) — funded through internal accruals and debt. FY26 results reflect the operational leverage from these moves: full-year revenue reached ₹3,643 crore (up 11.97% YoY) with net profit of ₹71 crore (up 245.61% YoY), and Q4 FY26 revenue of ₹981 crore grew 19.86% YoY. Distribution expansion includes 16 exclusive signature stores across major Indian cities, a Bristol Motor Speedway sponsorship assumed in April 2026 for global brand visibility, and a November 2025 e-commerce partnership to enter Southeast Asian aftermarket distribution.

Name

TVS Srichakra

Legal name

TVS Srichakra Limited

Website

https://tvseurogrip.com

Company type

Public

Founded year

1982

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

TVS Srichakra is an Indian public tyre manufacturer (Eurogrip brand) producing two-wheeler, three-wheeler, ultra-light truck, agricultural, industrial, and OTR tyres for OEM clients including TVS, Bajaj, Hero, and Honda, and distributing to 85+ countries.

Ownership category

akta.pro rank

Product category

Tyre Manufacturing

NAICS

Tire Manufacturing (32621), Motorcycle, Bicycle, and Parts Manufacturing (336991)

SIC

Motorcycles, Bicycles & Parts (3751), Motor Vehicle Parts & Accessories (3714)

akta.pro primary industry

Motorcycle & Scooter Tires Manufacturing (IMANAKAF)

akta.pro secondary industries

Specialty Tires (OTR, Industrial, Agricultural, Mining, Aviation, Marine) (TLAKADAJ), Light Truck/SUV Tires Manufacturing (IMANAKAB)

Keywords

• Two-wheeler tyres
• Three-wheeler tyres
• Off-highway tyres
• Agricultural tyres
• Industrial tyres

Headquarters

HQ city

Chennai

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. OEM Tyre Supply: Supply of original equipment tyres to motorcycle and three-wheeler manufacturers including TVS Motors, Bajaj, Hero, Honda, Suzuki, Yamaha, Aprilia, and Piaggio. This is a B2B revenue stream with recurring orders based on vehicle production volumes.
2. Aftermarket Tyre Sales: Sale of replacement tyres through a network of over 100+ distributors, exclusive Eurogrip signature stores, and e-commerce platforms. Serves individual consumers and retail channels across India and export markets.
3. Off-Highway Tyre Sales: Specialized industrial, agricultural, and OTR tyres sold through dedicated distribution channels including direct sales to industrial customers and through partnerships with equipment manufacturers.
4. US Operations (Super Grip): Revenue from US-based operations through Super Grip Corporation, focusing on off-highway and industrial tyres for the American market.

Go-to-market motion4 records

Distribution channels5 records

Marketing channels6 records

Core offering

TVS Srichakra manufactures and sells a comprehensive range of tyres under the Eurogrip brand for two-wheelers (motorcycles, scooters, mopeds), three-wheelers, ultra light trucks, agricultural equipment, industrial applications, and off-the-road (OTR) mining and construction vehicles. The company supplies both as OEM original equipment to vehicle manufacturers and through the aftermarket via distributors, exclusive signature stores, and e-commerce platforms in India and 85+ export markets.

Product overview

TVS Srichakra operates as a Madurai-based tyre manufacturer with a diversified product portfolio under the Eurogrip brand. The company produces two-wheeler tyres, three-wheeler tyres, ultra-light truck tyres, and a comprehensive off-highway tyre range covering agricultural, industrial, and OTR segments. The product architecture follows a brand-plus-categories model where Eurogrip serves as the umbrella brand with distinct sub-categories for different vehicle types and applications. The company exports to over 85 countries across 6 continents and maintains manufacturing facilities in Madurai (Tamil Nadu) and Rudrapur (Uttarakhand). Recent strategic moves include the acquisition of US-based Super Grip Corporation to expand the off-highway tyre business in North America.

Differentiator

Problem solved

Functional benefit

Brands

• Eurogrip Tyres: Two-wheeler, three-wheeler, ultra-light truck, agricultural, industrial and OTR tyre brand of TVS Srichakra

Products and services

• Eurogrip Two-Wheeler Tyres Tyres for motorcycles, scooters, and mopeds, compatible with vehicles from Aprilia, Bajaj, BMW, Ducati, Harley-Davidson, Hero, Honda, Kawasaki, KTM, Royal Enfield, Suzuki, TVS, Yamaha, and other brands. Designed for Indian road conditions with global design expertise.
• Eurogrip Three-Wheeler Tyres Tyres designed for three-wheeler vehicles including auto-rickshaws and small commercial vehicles, serving the Indian three-wheeler market segment.
• Eurogrip Ultra Light Truck Tyres Tyres for ultra-light commercial trucks and small commercial vehicles used in local distribution, extending the Eurogrip brand into the light commercial vehicle segment.
• Eurogrip Agricultural Tyres Tyres for agricultural tractors and farm machinery, including the Jumbo tyre series, designed for traction, soil protection, and longevity in agricultural conditions.
• Eurogrip Industrial Tyres Heavy-duty tyres for construction sites, material-handling equipment, and industrial environments requiring high load capacity and durability.
• Eurogrip OTR (Off-The-Road) Tyres Specialised off-the-road tyres for mining trucks, quarrying equipment, and heavy construction vehicles requiring extreme load capacity and cut resistance.
• Eurogrip Signature Store Services Exclusive branded retail stores offering Eurogrip tyres along with paid services including tyre fitment, puncture repair, air pressure checks, and warranty support at 16+ locations across major Indian cities.

Quantifiable outcome

• Revenue grew 11.97% to ₹3,643 crore in FY26
• +3 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Bristol Motor Speedway, LLCcoreGTM or Marketing Partner · 10 April 2026TVS Srichakra assumed all rights, duties and obligations of its wholly-owned subsidiary Super Grip Corporation under sponsorship agreements with Bristol Motor Speedway, LLC in the US. The company will pay $1,033,250 in tranches for the remaining years through December 31, 2028. The agreement is intended to enhance the visibility and reach of the company's brands in global markets.
• E-commerce Platforms (Southeast Asia)minorChannel Partner/ Reseller/ Distributor · 1 November 2025TVS Srichakra partnered with e-commerce platforms to expand its aftermarket tire distribution network in Southeast Asia in November 2025. This partnership diversifies distribution channels beyond traditional distributors to reach consumers through online marketplaces.
• SG Acquisition Corporation / Super Grip CorporationcoreStrategic or Co-development Partner · 3 November 2023TVS Srichakra acquired US-based SG Acquisition Corporation for USD 3 million to take over Super Grip Corporation and expand its off-highway tyre business in the US. The acquisition involves full ownership and transfer of assets and liabilities of Super Grip Corporation, which specializes in industrial tyres. This is part of TVS Srichakra's growth strategy in the off-highway tyre market in the United States, with the transaction expected to close by end of 2023.

Scale indicators10 records

Recent moves9 records

Expansion highlights4 records

Direct peers

• Balkrishna Industries (BKT): India's leading off-highway tyre specialist with global reach in agricultural, industrial, and OTR segments. The most direct benchmark for TVS Srichakra's OHT growth strategy and Super Grip Corporation positioning.
• CEAT Limited: RPG Group's tyre business with a strong two-wheeler and aftermarket presence in India. Competes head-to-head with TVS Srichakra in OEM supply and replacement channels for motorcycle and scooter tyres.
• MRF Limited: India's largest tyre manufacturer with broad two-wheeler, passenger, truck/bus, and OHT portfolios and direct OEM relationships with the same Indian motorcycle manufacturers. Closest scale and business-model comparable for TVS Srichakra's domestic OEM and aftermarket tyre operations.
• JK Tyre & Industries: Indian tyre manufacturer with passenger, commercial, two-wheeler, and OHT offerings, including the recent acquisition of Cavendish Industries. Overlaps directly with TVS Srichakra in OEM supply and the Indian replacement market.
• Apollo Tyres: Major Indian tyre maker with two-wheeler, passenger, and commercial vehicle segments plus a sizeable international footprint (Europe via Vredestein). Comparable as a broad Indian OEM and aftermarket tyre peer with global ambitions.

Broad incumbents

• Continental AG: Global automotive supplier with a tyre division and strong technology focus, including EV-specific tyre development. Relevant comparator for technology trajectory and global OEM relationships in the motorcycle and passenger segments.
• Pirelli: Premium tyre maker focused on high-performance motorcycles and passenger vehicles. Comparable as a competitor for premium motorcycle OEM slots (Aprilia, Ducati, BMW tier) where Eurogrip is also positioned.
• Michelin: Global tyre leader with two-wheeler, passenger, truck, and OHT businesses worldwide. Relevant as a benchmark for technology, EV-tyre R&D, and global brand scale, even though Michelin does not focus on India's mass-market two-wheeler segment.
• Bridgestone: Global tyre major with established OEM relationships worldwide, including Indian operations. Comparable for global OEM technical standards, EV-tyre development, and competitive pressure on premium Indian motorcycle OEM slots.

Others

• TVS Srichakra Holdings / TVS Group companies: TVS Group ecosystem (TVS Motor Company being a flagship customer and shareholder-aligned entity). Useful as a structural comparator for governance, capital allocation, and group-level strategic fit, though not a direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/TVSEurogrip
• Facebookfacebook.com/TVSEurogrip

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TVS Srichakra