EXCLUSIVE: 2024 Bajaj Pulsar 150 Launched, Know Onroad Price, New...
- Apr 9, 2024
- Views : 6271
JK Tyre had a pretty strong start to the FY 2015 as they recorded a net profit of Rs 118 crore (113 percent) for the quarter ended June. And that despite having its presence in just the car and truck market. With the number of motorcycles sold, not just in India but world over, JK Tyre has been absent from a huge market. But not anymore.
An official recently said that the company is looking to expand into two-wheeler tyre business and are as of now in the process of testing the waters. In fact, JK Tyre is also considering an entry into three-wheeler tyres. The Delhi-based tyre maker said their plans of this expansion will only get firmed up in two-three months time.
JK Tyre declined to share information whether this development is for the Indian market or for a two-wheeler manufacturer abroad. In fact. They were even silent about the facility from where the tyres would be manufactured.
However, JK Tyre had Rs 1430 crore allotted to expand its plant in Chennai from which nearly Rs 500 crore have been spent. The remaining amount will be invested by the end of the year. As part of its expansion plan the company will also increase production capacity for it truck and car radial tyres.
EXCLUSIVE: 2024 Bajaj Pulsar 150 Launched, Know Onroad Price, New...
All-New Bajaj Pulsar NS400 Launch Confirmed: May 3, 2024
Ather Rizta vs Ola S1 Air vs Bajaj Chetak vs TVS iQube :...
Ather Rizta’s Underseat Storage Revealed In New Teaser
Ather Rizta Launch On April 6: From Expected Price To Range...
Bajaj Pulsar NS400 Spied For The First Time, Ahead Of Its Launch On...
6 New Royal Enfield Bikes Launch On Track: Royal Enfield Classic 350...
Ather Rizta Launch Tomorrow: Know Expected Price, Range, Features And...
BREAKING: Ather Rizta Launched In India At Rs 1.10 Lakh
India's largest automotive community