JK Tyres, the leading tyre producer is planning to invest Rs 476 crore at its manufacturing plant in Mysore to expand the production capacity of truck and bus radial tyres. The company recently got the approval from the Karnataka government for its proposal to expand the capacity.
After the completion of expansion plan, the capacity will boost up to 1.06 million tyres from the current 367,000 tyres per annum. The company has indicated that it will provide fresh employment to about 484 persons.
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.
| Company Name | CMP |
|---|---|
| MRF | 139684.50 |
| Apollo Tyres | 442.30 |
| CEAT | 3806.80 |
| Balkrishna Inds. | 2294.30 |
| JK Tyres & Inds. | 421.95 |
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