TVS Srichakra Ltd., an Indian tyre manufacturing company, has announced plans to form a subsidiary in the US with the aim of acquiring Super Grip Corporation, a Tennessee-based company established in 1984. Super Grip Corporation specializes in producing high-quality tyres for the industrial tyre market. This proposed acquisition aligns with TVS Srichakra’s growth strategy in the off-highway tyre market. The company has recently invested in expanding its off-highway tyre capacity at its Madurai facility, focusing on global markets.
S Ravichandran, Director of TVS Srichakra Limited, expressed excitement about the proposed acquisition of Super Grip Corporation and its potential to expand the company’s off-highway tyre business globally. He also highlighted the value that the experienced and motivated management team of Super Grip Corporation would bring to the business.
This move reflects TVS Srichakra’s commitment to expanding its presence in the off-highway tyre market and establishing a foothold in the US. The acquisition of Super Grip Corporation will allow the company to enhance its product offerings and leverage its global manufacturing capabilities.
