JK Tyre & Industries has secured a USD 100 million sustainability-linked loan (SLL) from the International Finance Corporation (IFC). This financing, comprises USD 30 million for JK Tyre & Industries and USD 70 million for its subsidiary, Cavendish Industries (CIL).

The funding aims to bolster the company's expansion, focusing on enhancing energy-efficient manufacturing and strengthening local supply chains. The loan will support the company’s capacity expansion for passenger car radial (PCR) tyres at its Banmore plant in Madhya Pradesh, and Truck and Bus Radial (TBR) tyres at Cavendish Industries' Laksar plant in Uttarakhand. These initiatives align with JK Tyre’s commitment to sustainability and promoting eco-friendly production practices.

IFC’s Regional Vice President for Asia and the Pacific, Riccardo Puliti highlighted the significance of this investment in driving climate-smart manufacturing, enhancing supply-chain integration, and creating quality jobs. The SLL serves as a benchmark and a catalyst for widespread adoption across India’s manufacturing sector.

The move marks a pioneering effort in India’s tyre industry, positioning JK Tyre as a leader in sustainable manufacturing.