Eurogrip to roll out next generation fuel efficient tyres for EVs

CHENNAI: Tyre major TVS Srichakra, which manufactures two and three-wheeler tyre products under the brand Eurogrip, is developing next generation fuel efficient tyres for EVs, mainly for the Indian market.

“Our endeavour is to reduce tyre rolling resistance from the current benchmark levels by another 10% in the next six to twelve months. In a standard test, if you are able to run a bike for 100 km, say for example, with a low rolling resistance tyre, you can run it for 110 km," TVS Srichakra CTO Sivaramakrishnan V told reporters here on Friday.

The company has a product range of 250 tyres, of which about 12 are for the EV segment. In the past three years, it has launched 45 new products in the premium and super premium categories.

P Madhavan, executive vice president - sales and marketing, TVS Srichakra, said 35% of the revenue comes from the new products. "Out of the total production, about 7% to 8% is exported to 90 countries," he added.

Its standalone revenue from operations stood at Rs 2,754 crore in FY24.

With two manufacturing facilities at Madurai in Tamil Nadu and Rudrapur in Uttarakhand, it has a capacity to produce three million tyres per month.