Commenting on the results, Dr. Raghupati Singhania, Vice Chairman & Managing Director, JK Tyre & Industries Ltd., said, “The quarter has seen a significant growth compared to last year. There has been a considerable improvement in profitability due to various steps such as enhancing our focus on higher realization market segments and launching many new products apart from several cost compression measures.”
He further added, “The stabilization of input prices to some extent helped achieve better results. Also, the company made entry into new OEMs and enhanced the production of fast growing TBR and PCR lines. We are optimistic about clocking good volumes on the back of strong demand for our tyres across segments and capacity expansions.”
The new green Chennai plant went on stream early this year. The plant with a capacity of 25 lac car radials and 4 lac Truck/Bus radial tyres per annum will strengthen JK Tyre’s radial leadership. The coming quarter shall have the benefit of production from this new Facility. The Facility will cater to both domestic and export markets.
About JK Tyre & Industries Ltd:
JK Tyre & Industries Ltd. is the first and only Tyre brand in India to be awarded ‘Superbrand’. It is also recently been recognised by Reader’s Digest as the “Trusted Brand.” It is the flagship Company of the JK Organisation known for manufacturing leading tyre brands - JK Tyre, Vikrant and Tornel. JK Tyre is the No. 1 Truck and Bus Radial Tyre manufacturer in India and has crossed the 4 million number mark in Truck Bus Radial Tyres including exports of 1 million tyres to the global markets. With a distribution network of over 4000 dealers and over 130 stocking points, 3 Truck Wheels showroom & 17 Truck Radial tyre care centres, the company has left a mark across every Indian road treading into every nook and corner of the country.
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