The Board of Directors of TVS Srichakra Ltd. has approved the formation of a subsidiary in USA, with the intention of acquiring the business of Super Grip Corporation, USA. Super Grip Corporation is a Tennessee based company, established in 1984, to meet the need for high quality tyres for the industrial tyre market.
For TVS Srichakra, the proposed acquisition is in line with its growth agenda in the off-highway tyre market. The company has recently invested in a new plant at its Madurai facility which doubles its off-highway tyre capacity. This investment is largely directed at global markets.
Speaking on the occasion, S Ravichandran, Director, TVS Srichakra Limited noted, “We view the proposed Super Grip transaction with excitement. The company fits in well with our plan to expand our off-highway tyre business globally. The proposed transaction also brings with it an experienced and motivated management team, which will add value to the business over time”.
Harman Kardon has launched its Fit Speaker Series in India, a new collection of premium in-car speakers designed to enhance driving experiences with high-fidelity sound and cutting-edge technology.
Dolby Laboratories, a global leader in immersive entertainment experiences, and Mahindra & Mahindra announced the debut of Dolby Atmos in the Mahindra Thar Roxx AX7L variant.
Park+ Research Labs, India's only digital-first, data-driven survey platform, announced key findings from its latest city-focused survey.