JK Tyre looks to pump in ₹5K cr investment over 6 years to bolster production capacity

JK Tyre and Industries is gearing up to invest another Rs 5,000 crore over the next 5-6 years to expand its production capacity, including some dedicated lines for export markets, according to Chairman and Managing Director Raghupati Singhania.

- PTI

The company, which on Monday introduced India's first embedded smart tyres for passenger vehicles, is currently in the process of investing Rs 4,000 crore to ramp up its manufacturing infrastructure.

The ongoing investment cycle, which commenced around 4 years ago, is expected to end next quarter.

"For the next 5-6 years, we are now planning for another Rs 5,000 crore investment to enhance our capacities, both for car as well as truck tyres,” Singhania told PTI in an interaction.