JK Tyre Gears Up with ₹5,000 Crore Capacity Expansion

JK Tyre and Industries is preparing a major expansion, announcing plans to invest another ₹5,000 crore over the next 5-6 years to boost production capacity and set up dedicated lines for export markets, Chairman and Managing Director Raghupati Singhania said.

The move follows the company’s ongoing ₹4,000 crore investment cycle, which began four years ago and is expected to conclude 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 stated.

Part of the investment will focus on export-specific lines as the company seeks to leverage India’s growing global opportunity. Currently, exports contribute about 14% of JK Tyre’s total revenue, with the company serving over 110 markets worldwide.

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However, high US tariffs have hit exports. “Exports from India are naturally getting restricted (to the US)... we are diverting our exports from India to other markets... also we are diverting a lot of exports to the US from our plant in Mexico,” Singhania said.

Domestically, JK Tyre expects the industry to grow 5-7% this year, supported by the GST 2.0 rejig and a revival in small car sales.

The company also unveiled India’s first embedded smart tyres for passenger vehicles. Developed in-house at its Banmore plant in Madhya Pradesh, these tyres use built-in sensors to monitor air pressure, temperature, and leaks in real time, enhancing safety and performance.

“By integrating intelligence at the very core of performance, we are transforming the way India drives,” Singhania added.