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JK Tyre & Industries increases price by 6-7% to offset higher input costs

19 Aug 2022 Evaluate

JK Tyre & Industries has increased price by 6-7 per cent and a further hike is under consideration to reduce the raw material cost pressure. On an average, the cost input impact on the company due to the unprecedented commodity price inflation was around 30-35 per cent over the last 18 months. The company’s EBITA has started improving and it is likely to be better in the forthcoming quarters.

The company is implementing a capex of Rs 1100 crore to ramp up its capacity by about 10 per cent from 32 million tyres per annum through brownfield expansions and debottlenecking in the next 12-18 months. The company is conceptualizing some plans on how it can get closer to the customers which the company declined to disclose. 

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.

JK Tyres & Inds. Share Price

406.10 -3.95 (-0.96%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
MRF 130559.05
Apollo Tyres 409.20
CEAT 3325.15
Balkrishna Inds. 2263.25
JK Tyres & Inds. 406.10
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