MAM
TVS Eurogrip Tyres is ‘technical partner’ for TVS One Make Championship 2021
Mumbai: TVS Srichakra Ltd, manufacturer of two & three-wheeler and off-highway tyres will power the TVS One Make Championship 2021 as a ‘technical partner’ for the third year in a row.
The partnership entails strategic collaboration between TVS Eurogrip and TVS Apache brands and all motorcycles in the One Make racing event will be shod with custom-designed TVS Eurogrip race tyres. The racing event will be conducted in five rounds at Madras Motor Race Track (MMRT) circuit starting from 21 August.
Speaking on the occasion, TVS Srichakra Ltd, chief technology officer (R&D), V Sivaramakrishnan said, “Machines are always built to the specifications of FMSCI and on straight parts of the track, every racer worth their salt is as good as the other. It is through superior cornering that races are won, and that’s where the tyres play a crucial role. Our tyres are designed to give expert riders the confidence to negotiate corners with laser-sharp precision at high speeds. We are looking forward to another year of this exciting association with TVS One Make Championship.”
TVS Racing is the pioneer of One Make Championship in the country, being the first Indian manufacturer to introduce the championship in India in 1994. The championship has been a platform for two-wheeler racing enthusiasts and has given them the opportunity to become champions. The TVS Apache series of motorcycles have been built over the years on this racing DNA.
This year’s edition will see TVS Eurogrip’s flagship products Protorq Extreme (Zero Degree Steel Belt Radial tyres) and Remora adorning TVS Apache RR310 and TVS Apache RTR 200 4V motorcycles.
While talking about the partnership, TVS Srichakra Ltd executive vice president, P Madhavan said, “TVS Eurogrip has had a long-standing relationship with TVS Motor Company and we are glad to be strategically associated with TVS Racing. As we sign on for the third year in a row as technical partners for TVS One Make Championship, we remain committed towards strengthening two-wheeler racing in India and offering world-class high-performance products for today’s new-age bikers.”
VP (R&D and TVS Racing) R Babu commenting on the association, said, “We at TVS Racing, India’s first factory racing team, have been consistently working to improve the performance of the machine and the riders in the TVS One Make Championship year on year. With enhanced feedback from the TVS Eurogrip, the rider will feel more confident in the race and will gradually progress with outstanding results in TVS Apache RR310 and TVS Apache RTR 200 4V categories. We look forward to the continued fruitful association with TVS Srichakra Ltd.”
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI: Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
