JK Tyre & Industries Limited announced a phased capital expenditure plan of about 530 Mn. USD to expand its Truck & Bus Radial (TBR) and Passenger Car Radial (PCR) tyre capacities. The proposed expansion will be directed towards TBR capacity at the Chennai Tyre Plant (CTP) and Vikrant Tyre Plant (VTP), and PCR capacity at CTP and is expected to increase overall radial tyre capacity by around 24% over the next few years. The projects will be funded through a mix of internal accruals and debt.
Commenting on the development, Dr. Raghupati Singhania, Chairman & Managing Director (CMD), JK Tyre & Industries Ltd., said the company is undertaking one of its largest capex programmes in recent years as capacities across segments are operating at high utilisation levels and demand visibility remains strong. He indicated that the expansion has been approved in view of growth momentum and expected demand pick-up and will help the company build additional manufacturing headroom while strengthening its position across key radial tyre categories.
The announcement comes on the back of a strong FY26 performance, during which JK Tyre reported record consolidated revenue of USD 1,746 million, along with robust growth in EBITDA and profitability. The company had also stated that it has laid a strong foundation through capacity expansion and a greater focus on higher value-added products for domestic and export markets, positioning it well to drive profitable growth going forward.
