JK Tyre & Industries is planning to double the capacity of its Chennai manufacturing facility to around five million tyres per annum within two years. In this regard, the company will invest over Rs 800 crore. The company has already invested about Rs 900 crore on the Chennai plant and is also in the process of investing Rs 150 crore at its two facilities in Mysore and Kankroli (Rajasthan).
Besides, the company is planning to spend $25 million at its Mexican subsidiary Tornel to augment capacity by 25% in the next twelve months.
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.
