JK Tyre to establish a greenfield facility in Karnataka

JK Tyre & Industries Limited has recently announced that it is undertaking substantial expansion of its operations in one of the southern states. They had shortlisted Tamil Nadu and Karnataka for this purpose. In this connection Arun Bajoria, president JK Tyre met with a team of senior officials of Govt of Karnataka lead by V.P. Baligar, principle secretary (Industries) recently in Delhi. It is understood that Govt. of Karnataka has assured special incentives to the company for their forthcoming investments.
 

As part of company's growth strategy of expanding its capacity and strengthening R&D, JK Tyre will invest in the state to manufacture truck, bus and car radials to cater to both domestic and international markets.

Announcing the expansion plans, Arun Bajoria, president, JK Tyre & Industries Limited, said" There is an increase in demand for commercial vehicles as well as for passenger cars in the country. We had announced last year to undertake substantial expansion of our tyre operation, therefore our new plant in Karnataka is part of our long term growth strategy.

"Our all new green field plant will by far be a state of the art tyre plant in the country. It will also provide substantial employment to the youths of the state," he further added.

JK Tyre has recently completed expansion of Rs. 315 crore to increase its capacity of truck and bus radial tyres from 4 lakh to 8 lakh tyres per annum and is further planning to invest Rs. 1,200 crore in the next 3 to 4 years to fulfill the demand for quality tyres in the country.