JK Tyre & Industries is planning to increase its passenger car tyre manufacturing capacity by 50% at its Mexican plant to 5 million tyres a year from 3.5 million tyres currently. In this regard, the company will invest around Rs 150 crore in the expansion. The company already has invested $22 million in this plant. The plant will start manufacturing special applications.
The expansion is expected to be completed by end of this year and half of the production will be for domestic market. The plant will also start manufacturing tyres for special applications including forklift, implements like garden equipments, construction equipments etc.
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.
