 "The expansion program being undertaken will focus on setting up additional capacities")
Shares of TVS Srichakra surged 9 per cent to Rs 1,760 on the BSE in the intra-day trade on Tuesday after the company announced its capital expenditure plan of Rs 1,000 crore to ramp up manufacturing in its Madurai and Pantnagar plants.
The company, a leading Indian manufacturer of 2 & 3 wheeler and off-highway tyres, said the investment is planned to be made over a three-year period. "The investment, when fully made, will result in an increase in 2 & 3 wheeler tyre capacity by 25-30 per cent and doubling of off-highway tyre capacity from current levels. The investment is
