TyresDekho

JK Tyre to invest Rs 800 crore in Chennai plant in Phase 2 expansion program

Published On 2015-08-06 19:19:13By Siddharth Sharma 1165 views

JK Tyre to invest Rs 800 crore in Chennai plant

JK Tyre is looking into the prospect of investing Rs 800 crore on its Chennai manufacturing plant before the end of this financial year. The investment will be a part of the company’s second phase expansion programme which was announced in October 2013. According to the Phase -2 expansion programme, the tyre maker will invest a total of Rs 1,430 crore.

After the plant expansion, the manufacturing capacity of bus/truck radial tyres will rise up to 12 lac tyres per annum from the current 4 lac per annum capacity. The passenger car tyre capacity is also likely to go up to 45 lac units per annum from the current 25 lac units annually. Very soon, JK Tyre is also planning to enter into the two-wheeler and three-wheeler tyre sector.

Increasing demands from OEMs and the company’s expansion in new sectors and foreign markets like North America has compelled JK Tyre to consider increasing its production capacity. Arun Kumar Bajoria, Director and President, Intenational Operations of JK Tyre said that 15 per cent of total tyres manufactured are exported.

The company is also focusing on expanding its operations in the emerging markets of Southeast Asia. The newly-launched SUV tyre called Ranger will also be exported to international markets. This tyre features a dual-tread compound that provides maximum grip and control. The Ranger tyres will be available in two ‘specialised’ applications, Ranger A/T for all-terrain performance and Ranger H/T for on-road application.

A few days ago, the tyre maker disclosed its quarterly financial details. The consolidated turnover was Rs 1,952 crore, out of which the company made a net profit of Rs 118 crore in the first quarter. Overall, the manufacturer made 113 per cent more profit than the first quarter of last year.

You Might Also Be Interested In

Latest Tyres

  • Car
  • Bike
  • Dunlop AT 20 Grand Trek
    Dunlop AT 20 Grand Trek
    265/65 R17 110STubeless
    Rs14699
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • Firestone FR500
    Firestone FR500
    185/65 R14 86HTubeless
    Rs3491
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • UltraMile UM 551
    UltraMile UM 551
    165/80 R14 85TTubeless
    Rs3505
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • Bridgestone B290
    Bridgestone B290
    155/65 R12 77TTube
    Rs2985
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • CEAT CZAR A/T
    CEAT CZAR A/T
    265/65 R17 12STubeless
    Rs10380
    • iconDry Grip
    • iconWet Grip
    • iconHandling
    Contact Dealer
  • Apollo Amazer 3G
    Apollo Amazer 3G
    145/70 R12 69TNA
    Rs2800
    • iconFuel efficient
    • iconDry Grip
    Contact Dealer
  • Pirelli P7
    Pirelli P7
    225/50 R17 94WNA
    Rs10505
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • Birla BT 444
    Birla BT 444
    5.65 R12 6PRTube
    Rs2000
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer

Best Tyres

  • Car
  • Bike
  • CEAT SecuraDrive
    CEAT SecuraDrive
    Tubeless
    Rs4,445
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • MRF ZLX
    MRF ZLX
    Tubeless
    Rs2,495
    • iconWet Grip
    • iconDry Grip
    Contact Dealer
  • JK Vectra
    JK Vectra
    Tubeless
    Rs2,400
    • iconWet Grip
    • iconDry Grip
    • iconHandling
    • iconLow noise
    Contact Dealer
  • JK Taximax
    JK Taximax
    Tubeless
    Rs2,800
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • MRF ZVTV
    MRF ZVTV
    Tubeless
    Rs7,325
    • iconWet Grip
    • iconDry Grip
    Contact Dealer
×
Which is your city ?