| Tyres & Tubes | Manufacture and sale of two-wheeler, three-wheeler tyres and tubes including premium, tubeless, and racing variants. | Strong OEM relationships, technological partnerships, reputed brands, and expanding global footprint. | OEM manufacturers and retail customers in B2B and B2C markets across India and export regions. | Premium tubeless and racing tyres showing higher margins due to technological differentiation. | 3080 | 95 | Revenue from OEM sales, aftermarket tyre sales, and exports primarily through direct sales channels. | Direct sales with negotiated OEM contracts and competitive aftermarket pricing strategies. | Demand for premium and electric vehicle tyres, expansion in export markets, and racing tyre segment growth. | TVS Eurogrip, MEGA STAR, tubeless motorcycle and scooter tyres |
| Others | Tyre-related services, and investments in subsidiaries like sensing solutions and US-based Super Grip Corporation. | Synergistic subsidiaries enabling diversification and innovation beyond core tyre manufacturing. | Primarily B2B related to sensing solutions and off-highway tyre market segments. | Technology and sensing solutions segments have higher profitability potentials. | 153 | 5 | Income from subsidiaries, technology services, and investment returns. | Licensing, service fees, and investment income. | Subsidiary growth in sensing solutions and US expansion through Super Grip acquisition. | |
