JK Tyre to invest $530 million in expansion

JK Tyre & Industries plans to invest $530 million in plants in Chennai and Vikrant. This will increase radial tire production capacity for passenger and commercial vehicles by 24%. The funding will be provided by own and borrowed funds.

The company's head, Raghupati Singania, noted that this is necessary due to high demand and maximum loading of current lines. The decision was made against the backdrop of a record revenue of $1.746 billion at the end of 2026.