JK Tyre Rolls Out ₹4,980 Crore Mega Expansion Plan by 2030

JK Tyre & Industries has announced that its Board has approved a capital expenditure plan of ₹4,980 crore to expand its passenger car radial (PCR) and truck and bus radial (TBR) tyre manufacturing capacities at its Chennai and Mysuru plants by 2030. The investment will be funded through a combination of internal accruals and debt.

Chairman and Managing Director Raghupati Singhania said the expansion will be executed in three phases. The first phase, accounting for 50 per cent of the total outlay, is scheduled for completion by August 2028, followed by the second phase with 40 per cent of the investment targeted by April 2029. The remaining 10 per cent will be implemented in the final phase by December 2029.

The company noted that strong demand across tyre segments in India is driving the need for capacity expansion to strengthen manufacturing capabilities and maintain market position. The proposed investment is expected to increase JK Tyre’s overall production capacity by around 24 per cent over current levels.

News by Rahul Yelligetti.