Chennai, Aug 1 - The Rs.576 crore-turnover two and three wheeler tyre manufacturer TVS Srichakra Ltd will be commissioning its 3.6 million-tyres per annum plant at Uttarakhand in September, an official said.
Company director P. Vijayaraghavan told IANS: 'The Uttarakhand plant at Pantnagar will be primarily to serve the after-sales market in northern and western Indian markets, thereby cutting down the freight costs for the company.'
Declining to share the company's ratio of supplies to vehicle manufacturers versus retail sales due to competitive reasons, he said: 'The gap between sales to original equipment manufacturers (OEM) and the after market sales is fast reducing.'
The company plans an aggressive brand building strategy to make further inroads into the after sales market in the forthcoming months.
According to Vijayaraghavan, TVS Srichakra is the largest original equipment supplier to two wheeler manufacturers in India.