{"id":295548,"date":"2020-12-08T08:30:09","date_gmt":"2020-12-08T08:30:09","guid":{"rendered":"https:\/\/npnews24.com\/2020\/12\/08\/tvs-srichakra-to-expand-production-at-outlay-of-rs-1000-crore\/"},"modified":"2020-12-08T08:30:09","modified_gmt":"2020-12-08T08:30:09","slug":"tvs-srichakra-to-expand-production-at-outlay-of-rs-1000-crore","status":"publish","type":"post","link":"https:\/\/npnews24.com\/tvs-srichakra-to-expand-production-at-outlay-of-rs-1000-crore\/","title":{"rendered":"TVS Srichakra to expand production at outlay of Rs 1,000 crore"},"content":{"rendered":"<p>Chennai, Dec 8 (IANS) Automotive tyre maker TVS Srichakra Ltd. on Tuesday said it would be investing Rs 1,000 crore over a three-year period to expand production capacity at its Madurai and Pantnagar plants.In a statement issued here, the company that rolls out tyres for two, three-wheelers and off-highway vehicles said the capital expenditure would result in increasing the two and three-wheeler tyres capacity by 25 to 30 per cent and doubling off-highway tyre capacity.The investment is planned to be funded by a mix of debt and internal accruals.The expansion programme being undertaken would focus on setting up additional capacities in this space catering to the growing demand across its customer base — both domestically and globally.The investment outlay announced on December 8 would also significantly increase TVS Srichakra’s capacities and technological capabilities in the off-highway tyre segment, with a clear focus on global markets, the statement added.–IANSvj\/khz<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chennai, Dec 8 (IANS) Automotive tyre maker TVS Srichakra Ltd. on Tuesday said it would be investing Rs 1,000 crore over a three-year period to expand production capacity at its Madurai and Pantnagar plants.In a statement issued here, the company that rolls out tyres for two, three-wheelers and off-highway vehicles said the capital expenditure would [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[47],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.9 - 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