The Board of DIrectors at their meeting held today, inter alia, approved expansion for Truck & Bus Radial (TBR) Tyres and Passenger Car Radial (PCR) Tyres in phases of Rs. 4,980 Crore.
JKTYRE · price
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JK Tyre & Industries' Board has approved a major capacity expansion at its Chennai Tyre Plant (CTP) and Vikrant Tyre Plant (VTP), adding 210 lakh tyres per annum across Truck & Bus Radial (TBR) and Passenger Car Radial (PCR) categories — representing a 24% increase over current installed capacity. The total investment of Rs. 4,980 crore will be deployed in phases and funded through internal accruals and debt. The expansion is targeted to be completed by Financial Year 2029-30. The company cited robust demand across tyre categories as the rationale for the investment.
The near-Rs. 5,000 crore capex programme signals strong management confidence in sustained tyre demand and positions JK Tyre for market share gains, but the large debt-funded investment will increase leverage and should be monitored for execution and return-on-investment risks.