TVS Srichakra 's Eurogrip brand, a leading manufacturer of two and three-wheeler tyres in India, has made significant strides in expanding its global presence. The company recently showcased its premium product portfolio at two major international platforms: the Expo Moto International Trade Show in Mexico City and the Colombo Motor Show in Sri Lanka.

Key Highlights

• Eurogrip displayed its comprehensive range of 2-wheeler tyres at the Expo Moto International Trade Show in Mexico.
• The company presented its most sought-after radial tyre offerings at the Colombo Motor Show in Sri Lanka.
• This participation signals Eurogrip's expanding presence in Latin American and South Asian markets.

Product Showcase

The international showcases provided an opportunity for Eurogrip to demonstrate its R&D capabilities and advanced tyre technology to customers, dealers, and global partners.

Strategic Importance

T.K. Ravi, Chief Operating Officer of TVS Srichakra Ltd., emphasized the significance of these events, stating, "As we continue to build Eurogrip as a leading global 2-wheeler tyre specialist, we remain committed to earning customer trust through products that deliver performance, reliability, and value. Mexico and Sri Lanka are key markets for us that help strengthen our brand presence in Latin American and South Asian markets."

The participation in these international motor shows aligns with Eurogrip's strategy to strengthen its engagement with customers and partners globally. It allows the company to provide a first-hand experience of its products and showcase the world-class research and development that goes into the making of each product.

About TVS Srichakra Ltd.

TVS Srichakra Limited, the maker of Eurogrip, TVS Eurogrip, and TVS Tyres brands, is a prominent manufacturer and exporter of Two and Three-Wheeler tyres and Off-Highway tyres in India. Key facts about the company include:

• Incorporated in 1982
• Part of the USD 3 Billion TVS Mobility group
• Manufacturing facilities in Madurai (Tamil Nadu) and Rudrapur (Uttarakhand)
• Production capacity of over 3 million tyres a month
• Design center in Milan, Italy, supporting the R&D center in Madurai
• Products available in over 85 countries worldwide

This strategic move to showcase its premium products at international motor shows demonstrates Eurogrip's commitment to expanding its global footprint and reinforcing its position as a leading player in the two and three-wheeler tyre segment.

TVS Srichakra , a leading manufacturer of automotive tyres and tubes, has announced its financial results for the quarter ended September 30, showing a mixed performance with revenue growth but lower profitability.

Revenue and Profit Highlights

On a standalone basis, the company reported:

• Revenue from operations increased to ₹865.04 crores, up from ₹761.74 crores in the previous quarter
• Net profit after tax declined to ₹15.81 crores from ₹18.19 crores in the previous quarter

For the half-year period:

• Standalone revenue reached ₹1,626.78 crores, compared to ₹1,523.85 crores in the corresponding period last year
• Net profit stood at ₹33.93 crores, down from ₹36.96 crores in the previous year

Consolidated Performance

On a consolidated basis for the quarter:

• Revenue was reported at ₹1,253.83 crores
• Net profit was ₹10.96 crores

Exceptional Items and Other Financials

• The company received a government grant of ₹18.81 crores under exceptional items, related to an Investment Promotion Capital Subsidy from the Tamil Nadu government
• TVS Srichakra incurred ₹2.56 crores in the quarter for its Voluntary Retirement Scheme

Earnings Per Share

Earnings per share on a standalone basis was ₹20.65 for the quarter.

Outlook

While TVS Srichakra has shown growth in revenue, the decline in profitability may be a point of concern for investors. The company's ability to manage costs and improve margins in the coming quarters will be crucial for its financial performance.

Investors and analysts will likely monitor how TVS Srichakra navigates challenges and capitalizes on opportunities in the automotive tyre market going forward.