📋 Tender Overview
Scope : Expansion of Capacity of Passenger Cars Radial Tyres in Banmore, Madhya Pradesh
JK Tyre & Industries has plans to invest Rs 1,400 crore in the next two years to expand capacity towards meeting demand for truck, bus and passenger car radial in the local market. This will also help the company maintain its position in radials during this period.
The company, having utilised 85 percent of available capacity, would be investing fresh capital to meet demand for its products going ahead, as the investment cycle is on the verge of completion. It is investing Rs 800 crore to aid capacity expansion at its facilities.
The move is driven by the strong momentum in economic activity and positive consumer sentiments across product categories.
JK Tyre & Industries demonstrated better product mix and optimisation of its product range, and has reported net revenue of Rs 3,700 crore.
