First in the ‘10 million club,’ a strategic acquisition, Leadership Award, entry into 2-wheeler/3-wheeler tyre market – the year 2016 marked a series of highs for India’s global tyre maker JK Tyre & Industries. Strongly positioned in ‘Future Ready’ mode, the company is eyeing bigger achievements
The year 2016 has been a momentous one for JK Tyre & Industries Ltd, the leading four-wheeler tyre manufacturer in India and amongst the top 25 manufacturers in the world. History was created when JK Tyre became the first Indian tyre company to produce 10 million truck/bus radial tyres. The truck radial tyre was rolled out from its Vikrant plant at Mysuru in the state of Karnataka. It was another milestone in the company’s amazing march towards future.
“JK Tyre is truly a multi-national company with 12 plants globally with a future ready capacity of 350 lakh tyres per annum. After the recent Rs2,200 crore acquisition of Cavendish, JK Tyre has also entered the high growth segment of 2-3 wheeler tyres. Today we manufacture complete range of tyres - from a 3 kilo scooter tyre to the 3.7 tonnes Ultra Large OTR tyre,” Dr. Raghupati Singhania, Chairman & Managing Director, said at the Mysuru event.
The company has also plans to set up a new R &D Centre in Mysuru to combine all its R&D efforts across several locations under one roof. The Rs1,000 crore project will house the most modern and advanced equipment manned by highly experienced engineers and scientists with deep insight into material resource, designs, aesthetics and structures. At the initial stage, the centre will have 200 engineers and scientists and the number will double during the next one year.
Part of the JK Organisation, the company has global presence in 100 countries across six continents, backed by production support from 12 plants - 9 in India and 3 in Mexico. Currently, the capacity across all its plants is about 35 million tyres per annum.
The investment plans for the Mysuru plant is part of a major expansion drive that JK Tyre has launched aiming to increase capacity as well as product range.
This story is from the December 2016 - January 2017 edition of Tyre Asia.
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This story is from the December 2016 - January 2017 edition of Tyre Asia.
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First in the ‘10 million club,’ a strategic acquisition, Leadership Award, entry into 2-wheeler/3-wheeler tyre market – the year 2016 marked a series of highs for India’s global tyre maker JK Tyre & Industries. Strongly positioned in ‘Future Ready’ mode, the company is eyeing bigger achievements
