JK Tyre & Industries approved a capital expenditure (capex) 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 company plans to fund the expansion through a combination of internal accruals and debt. According to JK Tyre, the investment aims to strengthen its market position amid rising demand across tyre categories in India.
Expansion to Be Executed in Three Phases
Raghupati Singhania, Chairman and Managing Director (CMD) of JK Tyre, said the company expects sustained growth momentum and a further pick-up in demand. He stated that the expansion programme will be implemented in three phases. The first phase, accounting for 50 per cent of the total investment, is scheduled for completion by August 2028. The second phase, representing 40 per cent of the outlay, will be completed by April 2029, while the final phase is targeted for December 2029. The company said the proposed expansion will increase its overall production capacity by nearly 24 per cent from current levels.
Strong Demand Drives Capacity Expansion
JK Tyre noted that the Indian tyre industry is witnessing robust demand across multiple vehicle segments. As a result, the company is expanding its manufacturing footprint to maintain and strengthen its market presence. Industry growth has been supported by improving economic activity, infrastructure development and rising automobile demand across both passenger and commercial vehicle categories.
Board Re-Appoints Raghupati Singhania as CMD
In addition to approving the capex plan, the board also approved the re-appointment of Raghupati Singhania as Chairman and Managing Director for another five-year term beginning October 1, 2026. As reported by thehindubusinessline.com, for the full financial year FY26, consolidated net profit more than doubled, rising 114 per cent to ₹905 crore compared with ₹422 crore in FY25. Total income for the year climbed 11 per cent to ₹16,384 crore from ₹14,772 crore in the previous fiscal.
