JK Tyre has announced that it is undertaking substantial expansion of its operations in Karnataka. The company plans to invest in the State to manufacture truck, bus and car radials to cater to both domestic and international markets. Announcing the expansion plans, Arun Bajoria, president,
JK Tyre, said: “There is an increase in demand for commercial vehicles as well as for passenger cars in the country. Our new plant in Karnataka is part of our long-term growth strategy. The greenfield plant will be a state-of-the-art tyre facility and will also provide substantial employment to the youths of the State.”
JK Tyre has recently completed a Rs 315 crore expansion programme to increase truck and bus radial tyre capacity from 400,000 to 800,000 tyres per annum and is further planning to invest Rs 1200 crore in the next three years.