To attain the annual output of 20 million tyres, JK Tyre & Industries is reportedly investing around Rs 1,000 crore in its India operations over next three to four years. A major portion of company’s said investment will be diverted to its new plant near Chennai while some of it will go for expanding Udaipur and Mysore plants.
The company has already invested about Rs 1,000 crore at the 104-acre plant at Chennai which commenced earlier this year on an initial annual output of 25 lakh passenger car radials (PCRs) and 4 lakh truck/bus radials (TBRs). The tyre manufacturer, subject to market growth, aims to invest additional Rs 220-230 crore on an annual basis over next 3-4 years. Considering the production capacity at its three Mexico-based plants, the overall global annual capacity of JK Tyre is expected to touch 30 million tyres.
| Company Name | CMP |
|---|---|
| MRF | 139772.66 |
| Apollo Tyres | 445.30 |
| CEAT | 3713.55 |
| Balkrishna Inds. | 2329.80 |
| JK Tyres & Inds. | 428.30 |
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