TVS Srichakra, a major automotive sector player specializing in two-wheeler and three-wheeler tyres, has received a GST demand notice for ₹65.38 crore. This substantial sum could potentially strain the company's finances and necessitate a review of its GST compliance procedures. The company has not yet publicly responded to the notice. This development may impact investor sentiment and the company's stock performance in the short term. The automotive industry, including tyre manufacturers, is already facing challenges such as fluctuating raw material costs and evolving regulations.
TVS Srichakra's Eurogrip Tyres Expands Reach with Honda Taiwan Partnership Jun 13, 2025
TVS Srichakra's Eurogrip Expands into Taiwan through Honda Partnership Jun 12, 2025
TVS Srichakra's Eurogrip Tyres Expands Reach with Honda Taiwan Partnership Jun 12, 2025
TVS Srichakra Expands into Renewable Energy with Strategic Investments
TVS Srichakra, a leading automotive tire manufacturer, has invested ₹20.5 crore in two solar power projects. The company acquired 26.02% stakes in Evincea Renewables (Six) Private Limited and Evincea Renewables (Three) Private Limited, each for ₹10.25 crore. These investments aim to purchase solar power under the Group Captive mode, marking TVS Srichakra's entry into the renewable energy sector. Both investee companies are Special Purpose Vehicles formed by Manikaran Renewables Limited for developing and supplying renewable energy.