TVS Srichakra has inaugurated its 11th exclusive retail store in West Delhi, marking a strategic expansion of its Eurogrip Tyres brand presence in the national capital. The new store was officially opened on January 29, 2026, in the presence of distinguished guests including members of the Eurogrip team and business partners.

Store Launch and Strategic Importance

The newly inaugurated store represents TVS Srichakra's continued commitment to strengthening its retail network across key automotive markets in India. Speaking on the occasion, Mr. T K Ravi, COO, TVS Srichakra Ltd, emphasized the strategic significance of the Delhi market, stating that "Delhi is a key market for Eurogrip, both in terms of scale and strategic importance. The city's high vehicle density, and growing demand for quality automotive services makes it vital for our expansion."

Comprehensive Product and Service Offerings

The West Delhi store houses the entire range of two-wheeler tyres available in varied patterns and sizes, along with tubes, catering to diverse vehicle categories including scooters, commuter bikes, mid-range performance bikes, adventure touring bikes and superbikes. Beyond product offerings, the facility is equipped to provide comprehensive services including tyre fitment, tyre care and puncture repair, air pressure checks, lubricant and engine oil changes, and warranty-related query handling.

National Retail Network Expansion

With this latest addition, TVS Srichakra's Eurogrip retail stores are now operational across multiple cities including Chennai, Mysuru, Ahmedabad, Patna, Farrukhabad, Hyderabad, and Rajkot. The exclusive store format allows the company to maintain direct customer relationships while ensuring quality service delivery and brand representation across India's high-potential automotive markets.

Market Position and Growth Strategy

TVS Srichakra Limited, incorporated in 1982, operates as one of the verticals of the USD 3.00 billion TVS Mobility holding company. The company maintains manufacturing facilities in Madurai, Tamil Nadu, and Rudrapur, Uttarakhand, with a combined production capacity exceeding 3.00 million tyres per month. The retail expansion strategy demonstrates the company's commitment to capturing growth opportunities in India's evolving automotive market landscape, particularly in the two-wheeler segment.

Source:

TVS Srichakra Limited has received a significant CGST order from tax authorities, confirming a demand of ₹55.11 crores related to alleged GST liability spanning three financial years. The company disclosed this development through a regulatory filing under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

CGST Order Details

The Office of the Joint Commissioner of CGST, Dehradun, Meerut, Uttarakhand, issued the order dated December 29, 2025, which was received by the company on the same day via registered email. This order follows an earlier Demand cum Show Cause Notice dated June 30, 2025, issued by the Additional Commissioner of CGST, Dehradun.

Financial Impact Breakdown

The GST demand relates to alleged liability arising from mismatch between GSTR-3B returns and e-way bills for financial years 2018-19, 2019-20, and 2020-21. The original demand raised in the show cause notice was significantly higher than the final confirmed amount.

Company Response and Next Steps

TVS Srichakra Limited has indicated its intention to challenge the order through the appellate process. The company plans to file an appeal within the statutory time limit of 90 days.

Key aspects of the company's position include:

• Filing an appeal within the 90-day timeline
• No impact on current operations or other business activities
• Financial impact will be quantifiable only upon disposal of the appeal

Operational Impact Assessment

The company has clarified that this CGST order does not affect its operational activities or other business functions. The manufacturing operations at Vellaripatti, Melur Taluk, Madurai, continue without disruption. The final financial impact will depend on the outcome of the planned appeal process, which the company expects to initiate within the prescribed timeline.

This disclosure represents the company's compliance with regulatory requirements for material events that could impact stakeholder interests. The matter pertains to historical periods and does not reflect current GST compliance practices of the company.