JK Tyre & Industries intends to invest Rs 5,000 crore in the next five to six years to enhance its production capacity, which includes establishing dedicated production lines for export markets, as stated by Chairman and Managing Director Raghupati Singhania.
This initiative follows the company’s current investment cycle of Rs 4,000 crore, which aims to bolster its manufacturing infrastructure and is anticipated to be completed in the upcoming quarter.
MD Singhania emphasized that the company recognizes substantial growth potential for India in international markets, with a goal to boost its exports. At present, JK Tyre generates approximately 14 percent of its revenue from exports, distributing tyres to over 110 countries.
In light of the US market being affected by high tariffs, the company is concentrating on diversifying into new export regions to optimize global opportunities.
