Jk Tyre & Industries: Along with the mainstream tyres, the Delhi-based company is also running a fleet operating management business and a mobility business vertical.
Anshuman Singhania, Managing Director at JK Tyre & Industries told ET, the company is utilising 85% of available capacity and will be investing fresh capital to meet demand for its products going ahead. “We are investing Rs 800 crore to enhance capacity at our facilities. This investment cycle is on the verge of completion. Separately, we are looking at investing Rs 1400 crore to increase production and maintain our leadership in radials over the next two years”, he informed.
JK Tyre: Themed Innovation For The Future, the company displayed its sustainable tyre ‘UX Green’ made of 80% sustainable materials along with a selection of electric vehicle Tyres.
Qatar International Rally: Supported by JK Tyre Motorsport, Fabid and his co-driver Milen George, will drive a Subaru Impreza 4WD Rally car prepared by Dubai’s Toolbox Autoworks.
JK Tyre Investment: The QIP was priced at INR 345 per share (including a premium of INR 343 per share with face value of INR 2 per share). QIP received overwhelming response from marquee investors including Indian mutual funds, insurance companies and foreign institutional investors, the company said.