JK Tyre approves ₹1,130 crore capacity expansion
JK Tyre & Industries approved ₹1,130 crore capacity expansion to increase tyre production by 6.5%. The project targets completion by Q2 FY28, addressing over 90% current capacity utilization.
after close1 source ↓written by the desknot a recommendation
- capacity expansion aimed
- ₹1,130 crore
- across Truck Bus
- 6.5%
- utilization
- 90%
JK Tyre & Industries Ltd has received board approval for a ₹1,130 crore capacity expansion aimed at boosting production of commercial and passenger vehicle tyres. This initiative will enhance output by 6.5% across Truck & Bus Radial, All Steel Light Truck Radial, and Passenger Car Radial tyre categories.
The expansion is expected to be completed by Q2 FY28, addressing the current capacity utilization of over 90%. This move may strengthen JK Tyre's market position and meet rising demand in the automotive sector.
Not investment advice. For informational purposes only.