Latest news with #Eurogrip
Business Standard
16 hours ago
- Automotive
- Business Standard
TVS Srichakra arm injects Rs 6 cr in TVS Sensing Solution via right issue
TVS Srichakra said that its wholly owned subsidiary, TVS Srichakra Investments (TSIL) has subscribed 2.14 lakh shares of TVS Sensing Solution Private Limited (TVSSSPL) via right issue. TVS Sensing Solution Private Limited (TVSSSPL), a wholly owned subsidiary of TSIL, primarily engaged in the manufacture of electrical switches, electrical apparatus and related components. It provides products and solutions across a wide range of segments, including automotive, industrial, consumer durables and IT. Its turnover was Rs 157.17 crore in FY25. TSIL has acquired 2,14,285 equity shares of TVSSPL, with a face value of Rs 10 each for a total consideration of Rs 6 crore. The investment aims to improve efficient working capital management and support the growth plans of TVSSPL. TVS Srichakra, the manufacturer of Eurogrip, TVS Eurogrip and TVS Tyres brands of tyres is one of Indias leading manufacturers and exporters of two, three-wheeler tyres and off-highway tyres. The companys consolidated net profit jumped 92.8% to Rs 12.88 crore on 3.6% increase in net sales to Rs 819.41 crore in Q1 FY26 over Q1 FY25. The counter shed 0.19% to settle at Rs 2838.05 on the BSE.
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Business Standard
13-06-2025
- Automotive
- Business Standard
Why did TVS Srichakra shares zoom 13% in trade today? Find out here
TVS Srichakra shares surged after its premium tyre brand, Eurogrip, was officially integrated into the after-sales service network of Honda Taiwan Co., Ltd. SI Reporter New Delhi TVS Srichakra share price: TVS Srichakra shares were buzzing in trade on the last trading day of the week i.e. Friday, June 13, 2025, with the scrip rallying up to 12.79 per cent to hit an intraday high of ₹3,281.55 per share. However, by 11:25 AM, TVS Srichakra shares were off day's high, and were trading 10.97 per cent higher at ₹3,228.45 per share. In comparison, BSE Sensex was trading 0.93 per cent lower at 80,931.73 levels. What triggered the up move in TV Srichakra share price? TVS Srichakra shares surged after its premium tyre brand, Eurogrip, was officially integrated into the after-sales service network of Honda Taiwan Co., Ltd. As part of the collaboration, Eurogrip's high-performance motorcycle tyres—PROTORQ EXTREME and ROADHOUND—will now be available at all authorised Honda Motorcycle service centres in Taiwan. The move marks a major step in strengthening Eurogrip's presence in the competitive Taiwanese two-wheeler market, supported by its global reserach and development (R&D) and advanced tyre technology. T K Ravi, chief operating officer, TVS Srichakra, said, 'This partnership with Honda Taiwan is a proud milestone for us, as we expand our footprint across key Asian markets. It reflects the growing trust in the Eurogrip brand and our commitment to delivering world-class products and service support. We are excited to see early momentum and remain committed to building lasting value through innovation, performance and partnership.' The brand also plans to partner with Honda Taiwan on training and customer engagement initiatives aimed at boosting the rider experience. ALSO READ | About TVS Srichakra TVS Srichakra, the manufacturer of tyre brands such as Eurogrip, TVS Eurogrip, and TVS Tyres, is among the country's leading producers and exporters of two-wheeler, three-wheeler, and off-highway tyres. Established in 1982, it operates under the umbrella of TVS Mobility, a $3 billion group. Headquartered in Madurai, the company operates advanced manufacturing units in Madurai (Tamil Nadu) and Rudrapur (Uttarakhand), with a monthly production capacity of over 3 million tyres. Its global R&D capabilities are supported by a design centre in Milan, Italy, and a testing footprint spanning India, Europe, and Japan. With a strong presence in over 85 countries, TVS Srichakra holds a considerable share in both the OEM and replacement markets in India, backed by an extensive distribution and dealer network.
