JK Tyre to make two-wheeler tyres too!
Published On 06-Jun-2016 20:49:04
The two-wheeler tyre market in India has been a less competitive space as compared to the four-wheeler market. However, it is a segment that has shown continuous growth even when the passenger car tyre market was showing signs of decline. This captured the attention of big tyre manufacturers who were not making tyres for two-wheelers. Apollo recently entered this market with its range of motorcycle and scooter tyres. Now, JK Tyre & Industries Ltd. has also decided to introduce its products in the two-wheeler market. Acting on its decision, JK Tyre took over the manufacturing unit of BK Birla's Kesoram Industries that was used for two-wheeler tyre manufacturing. Read More Here.
Commenting on the new venture, Vivek Kamra, President of JK Tyre said, "The two-wheeler tyre market is huge and we have the production capacity so, I am hoping that the growth to 600,000 units a month is not gradual but fast,"
"The production will begin very early next financial year," he added.
This recently-acquired manufacturing unit is located in Laksar, Haridwar in Uttarakhand. The company claims that they will be able to achieve an initial production of 6 lakhs tyres per month by utilising this facility.
Earlier, the company was contemplating to enter the two-wheeler market through the trade route but later decided to manufacture the tyres themselves. JK Tyre will cater to OEMs and aftermarket tyre demands and is already in talks with few OEMs.
On the other hand, Apollo Tyres, who also recently launched their two-wheeler tyres, is focusing on the aftermarket sector for now.