JK Tyre & Industries is gearing up to invest another Rs 5,000 crore over the next 5-6 years to expand its production capacity, including some dedicated lines for export markets. The company, which recently introduced India's first embedded smart tyres for passenger vehicles, is currently in the process of investing Rs 4,000 crore to ramp up its manufacturing infrastructure. The ongoing investment cycle, which commenced around 4 years ago, is expected to end next quarter.
For the next 5-6 years, the company is now planning for another Rs 5,000 crore investment to enhance its capacities, both for car as well as truck tyres.
JK Tyre & Industries is engaged in the manufacture and marketing of automotive tyres, tubes and flaps.
