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Investors are concerned about profitability outlook of the sector since price cuts come at a time when the benefits of lower input costs are waning. ....
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 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. ....
JK Tyre Market Demand: With demand expected to remain robust, JK Tyre plans to enhance its tyre production capacity by 20% by 2025. The company can currently produce around 3.4 crore tyres per annum from its 12 manufacturing facilities across India and Mexico. ....