28 Sep 2004
Indian tyre maker JK Tyre is reportedly investing Rs 1700 million (€30 million) to increase capacity for both car and truck tyres in India.
Raghupati Singhania, vice-chairman of JK Tyre, was quoted in a series of Indian newspapers saying that the company has allocated the funds to expand two of its factories. The car tyre division will be expanded to 3.6 million units/year, from 3.2 million, while truck tyre production will increase to 350 000 units/year, from 250 000. ERJ lists JK Tyre as having three factories, all three are capable of making both car and truck tyres. They are located at Banmore, (Madhya Pradesh); Kankroli (Rajasthan) and Mysore (Karnataka).
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Hindu Business Line (India) story
Telegraph (India) story.
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