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.
Jk Tyre: A market leader in TBR (Truck & Bus Radial tyre) segment in India, the tyre major is looking to expand capacity majorly for the PCR (Passenger Car Radial) tyre category. This comes along with the rising consumer interest in SUVs over the past few years. It is aiming to expand across all its manufacturing facilities and produce 35 million units a year by FY25.
JK Tyre Chairman and MD, Raghupati Singhania expects the domestic tyre demand will remain strong due to the automobile industry s growth and a positive economic environment. The company s consolidated net profit surged five-fold to Rs 249 crore in the September quarter, largely due to its strong performance in the domestic market.
Get latest articles and stories on Latest News at LatestLY. Demand for tyres in the domestic market is expected to remain robust going ahead as the automobile industry continues to scale new highs amid a positive economic environment, JK Tyre Chairman and Managing Director Raghupati Singhania said. Latest News | Tyre Demand to Remain Robust Amid Positive Economic Environment: JK Tyre CMD.
Demand for tyres in the domestic market is expected to remain robust going ahead as the automobile industry continues to scale new highs amid a positive economic environment, JK Tyre Chairman and Managing Director Raghupati Singhania said.
In an interaction with PTI, the veteran industry