JK Tyre increases production capacity

The Indian company JK Tyre has announced that it intends to invest around $530 million to increase production capacity for radial tires for passenger and commercial vehicles. As part of the project, the plants in Chennai and Vikrant will be expanded, and the total production volume of JK Tyre radial tires is expected to increase by 24% over the next few years. The financing will be carried out through own and borrowed funds.

According to the Chairman of the Board of Directors and Managing Director of JK Tyre, Raghupati Singania, the new investments will be the largest for the company in recent years, and the decision to increase capacity is due to the fact that the plants are operating at a high level of loading, and market demand is expected to grow.

"The expansion of production was approved due to the existing growth dynamics of the company and the expected increase in demand," he noted, adding that the new investments should help JK Tyre strengthen its position in key segments of the radial tire market.

In the financial year 2026, JK Tyre received a record consolidated revenue of $1.746 billion, as well as significantly increased EBITDA profit and profitability. The company also says that the new production capacities and the increase in the production of high-margin products for the domestic and export markets will "create favorable conditions for ensuring profit growth in the future".

JK Tyres operates in the markets of more than 100 countries of the world and owns 11 plants - nine in India and two in Mexico - with a total capacity of around 35 million tires per year.