JK Tyre & Industries plans to invest Rs 5,000 crore over the next five to six years to expand its production capacity, including creating dedicated production lines for export markets, according to Chairman and Managing Director Raghupati Singhania.
This follows the company’s ongoing Rs 4,000 crore investment cycle, aimed at ramping up its manufacturing infrastructure, which is expected to conclude in the next quarter. MD Singhania highlighted that the company sees significant growth potential for India in global markets, aiming to increase its exports.
Currently, JK Tyre derives about 14 percent of its revenue from exports, selling tyres in over 110 countries. With the US market impacted by high tariffs, the company is focusing on diversifying into new export regions to maximise global opportunities.