Offsetting US tariff hit with newer markets push: JK Tyre

Tyremaker posts 62% profit surge

- SWARAJ BAGGONKAR

JK TYRE & INDUSTRIES has been mitigated the impact of US tariffs on tyre imports by bolstering its push to Europe and South American markets, while also catering to higher demand at home after the GST cuts.

“US exposure to our total turnover is only 3%. We have diverted our exports to other markets, which are now having a higher share of our exports. Within Mexico, Brazil and Latin America, we have increased exports,’ Anshuman Singhania, MD, JKTyre, said.