JK Tyre to Invest ₹4,980 Cr to Expand TBR & PCR Capacity by FY30
JK Tyre & Industries has announced a capital investment of ₹4,980 crore to expand its truck and bus radial (TBR) and passenger car radial (PCR) tyre manufacturing capacities by FY30. The expansion is aimed at addressing rising domestic demand, growing SUV penetration, and increasing electrification across vehicle categories.
The investment will be implemented in phases across two facilities — the Chennai Tyre Plant (CTP) in Tamil Nadu and the Vikrant Tyre Plant (VTP). Funding for the expansion will be sourced through a combination of internal accruals and debt.
The proposed capacity addition will increase combined TBR and PCR output by 24% over the company's current installed capacity of 210 lakh tyres per annum, which includes capacities already under implementation. Existing utilisation levels at the company's plants are reported to be above 90%, underscoring the operational case for the expansion.
The phased approach across both plants is designed to align additional capacity with demand ramp-up in the SUV and electric vehicle segments, which are driving increased requirements for higher-performance radial tyre variants in the Indian market.