JK Tyre & Industries is reportedly planning to invest Rs 1250 crore in Laksar unit in Haridwar it bought from Birla Tyres. The company will invest the same for a sizeable expansion which will give a boost to industrialisation in the hill state. The scale of investment at the unit will go up to Rs 4500 crore.
The company has already invested close to Rs 2,000 crore to acquire the factory from BK Birla Group company Kesoram Industries two years ago. A total of 4,500 workers are employed in the factory.
JK Tyre & Industries is a one of the leading tyre manufacturers in India and amongst the top 25 manufacturers in the world with a wide range of products catering to diverse business segments that includes Truck/Bus, LCV (Light commercial vehicles), Passenger Cars, MUV (Multi utility vehicles) and Tractors.
