JK Tyre & Industries’ board has approved expansion for enhancement of tyre manufacturing capacity with investment of Rs 1025 crore. The proposed capacity is expected to be added by October 2025. The said project is proposed to be funded by way of Equity / Internal Accruals and Debt. The Board of Directors of the Company at their meeting held on November 01, 2023 has approved the same.
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.
| 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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