TVS Srichakra to acquire US-based firm; to grow off-highway tyre biz_TVS Srichakra to acquire US-based firm; to grow off-highway tyre biz

TVS Srichakra to acquire US-based firm; to grow off-highway tyre biz

May 31, 2024

Group photo of agency representatives

Chennai: TVS Eurogrip, TVS Srichakra Ltd (makers of Eurogrip and TVS branded tires) has formally acquired Super Grip Corporation, USA The plan is part of its vision to grow in the global off road tire market.

On Friday, the company’s board of directors approved the establishment of a subsidiary in the U.S. market ahead of the planned acquisition. Super Grip Corporation was founded in 1984 to produce quality tires for the industrial tire market.

S Ravichandran, Director of TVS Srichakra Ltd, said in a company statement, “We are excited about the proposed Super Grip deal. It fits perfectly with our plans to expand our off-highway tire business globally.”

He said, “The proposed transaction also brings an experienced and motivated management team that will add value to the business over time.”

TVS Srichakra recently invested in a new plant at its Madurai facility to double its off-road tire capacity. The statement said, “This investment is primarily for the global market. The Indian company has manufacturing plants in Madurai, Tamil Nadu and Rudrapur in Uttarakhand with a capacity to produce more than 3 million tires per month. TVS Srichakra sells its products in 85 countries, the statement added.

Recommended Suppliers

TDDCHEM SINGAPORE PTE.LTD（cnauto）

Retailer

CN Supplier

1 YRS

Main Products:

Titanium dioxide, pigments, fillers, alcohols

Established:

2024-09-13

Company Size:

10000

Contact Supplier

Geely Jiyue 01 Max

LEADING IDEAL L9

Shandong Tuduoduo Digital Technology Co., Ltd

Retailer

CN Supplier

1 YRS

Main Products:

Titanium dioxide, pigments, fillers, alcohols

Established:

2024-08-09

Company Size:

10000

Contact Supplier

Wheel excavator

chengdutuduoduo

Retailer

CN Supplier

1 YRS

Main Products:

Whole vehicle, used car

Established:

2024-08-01

Company Size:

10000

Contact Supplier

Great Wall Artillery 2.0T

Peugeot 301 1.6L

Radar RD6 Pure electricity

Nissan Qijun 2.5L

TDD (QINGDAO ) CROSS-BORDER E-COMMERCE CO.,LTD.

Retailer

CN Supplier

2 YRS

Main Products:

Auto parts、Rubber tyre、Finished car

Established:

2023-01-01

Company Size:

10000

Hebei Jianglun electromechanical Co., LTD

Retailer

CN Supplier

14 YRS

Main Products:

Production of car starter, generator, air conditioning compressor, auto parts remanufacturing, sales of the company's products, import and export business.

Established:

2011-11-07

Company Size:

500

Contact Supplier

Automobile starter Chery Cloud, Chery Flag Cloud, Jetta Spring

Automobile starter EA111, TA113

Automobile starter 05 Jetta King 9T round fork

Automobile starter 10 new Jetta round forks

Shandong Xingyun New energy Automobile Co., LTD

Retailer

CN Supplier

1 YRS

Main Products:

New energy vehicle sales; Auto parts research and development; Auto parts and accessories manufacturing; Off-highway recreational vehicles and spare parts manufacturing; Off-highway recreational vehicles and spare parts sales; Electric car manufacturing;

Established:

2024-03-20

Company Size:

500

Contact Supplier

Lucky three-box car x60

Beijing Tianhao Shengshi trading Co., LTD

Retailer

CN Supplier

10 YRS

Main Products:

12/5000 Lubricating oil, import and export agent