JK Tyre & Industries is planning to invest additional Rs 1430 crore in its Chennai facility. In this regard, the company has already received its board’s approval. The said investment will give a boost to the facility, from where 30 per cent of the products will be exported to around 90 markets. This will also help the company to bring down the sourcing from China and Vietnam.
Further, the company will invest $25 million in Mexico to enhance its passenger car radial (PCR) facility to cater the needs in the region. The capacity would be expanded to 25 per cent and it is expected to be commissioned in 10 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.
