JK Tyre and Industries has planned a capital expenditure of Rs 1,100 crore till next financial year. The tyre maker plans to invest in capacity expansion as well as regular maintenance of the existing infrastructure.
Total spend over the next two years, ie, FY23 and FY24 would be Rs 1,100 crore, including maintenance capex of around Rs 300 crore. The majority of the capex -- Rs 530 crore-- will go into the passenger car radial (PCR) capacity expansion. The company has also lined up capacity expansion of truck bus radial (TBR) at its unit Cavendish Industries.
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.
