TVS Srichakra Limited (BSE:509243), makers of TVS Eurogrip, Eurogrip and TVS brand of tyres, has drawn up plans to acquire the US-based Super Grip Corporation LLC as part of its vision to grow in the global off-highway tyre market. On October 20, 2023, the company's board of directors approved the formation of a subsidiary in the United States market ahead of the acquisition plan. 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, TVS Srichakra Ltd. Director S Ravichandran said in a company statement here. The proposed transaction also brings with it an experienced and motivated management team, which will add value to the business over time, he said.