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JK Tyre to enter into 2 and 3 wheeler tyre segments

05 Aug 2015 Evaluate

JK Tyre and Industries is planning to enter into two- and three-wheeler tyre segments, focusing on auto makers, export/replacement markets. The company is doing some test marketing and will enter this space in next two or three months. Meanwhile, the company is planning to invest around Rs 800 crore in the current fiscal at its Chennai plant.

JK Tyre & Industries is the flagship company under the umbrella of JK Organization. JK Tyre is the pioneer for Steel Radial technology in India. Over the years, the company has expanded and diversified its business portfolio. It has developed into a multi product, multi-location corporate entity

Peers
Company Name CMP
MRF 123112.45
Apollo Tyres 407.50
JK Tyres & Inds. 333.35
Ceat 3302.40
Balkrishna Inds. 2007.05
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