TVS Tyres to manufacture tyres for TVS Motor-BMW JV.

TVS Srichakra, tyre manufacturing arm of TVS Group which sells tyres under the brand TVS Tyres, is in the process of developing radial tyres for the TVS Motor-BMW joint venture two wheeler products, which are expected to be revealed in 2016, said a senior management official.

The company is planning to invest around Rs. 150 crore this year to expand its manufacturing capacity from the current 2 million tyres per month to 2.3 million tyres per month, by December 2015. The company is also looking at launching tyres for the earthmover category in future, said P Vijayaraghavan, director, TVS Srichakra Ltd.

'We are developing radial tyres for TVS-BMW joint venture. We are developing two types of tyres,' he said, adding that the joint venture original equipment manufacturer (OEM) would have to say about the other details.

BS