JK Tyre & Industries has outlined a new investment plan of ₹5,000 crore over the next five to six years to expand its manufacturing capacity, including the creation of dedicated production lines for export markets.
The company is currently wrapping up its ongoing ₹4,000 crore investment cycle, which began four years ago and will conclude next quarter. According to Chairman and Managing Director Raghupati Singhania, the fresh round of funding will be directed toward increasing output of both car and truck tyres.
“We are now planning another ₹5,000 crore investment over the next few years to enhance capacities for car and truck tyres. India has a growing opportunity in global markets, and we intend to capitalise on that,” said Singhania.
At present, exports account for about 14% of JK Tyre’s total revenue, with the company supplying products to around 110 countries. However, the US market has become more challenging due to steep import duties.
“Exports from India to the US are being naturally restricted because of the 50% tariff. We hope a bilateral trade agreement eventually resolves this, but for now it remains uncertain,” Singhania noted.
To adapt, the company has reworked its export strategy by diverting shipments from India to other regions and routing more exports to the US through its manufacturing facility in Mexico. Singhania added that if high tariffs persist, Indian tyre exports to the US will continue to be affected.
On the domestic front, he expects the tyre industry to grow 5–7% this year, with JK Tyre likely to outperform that average. He also believes the upcoming GST 2.0 reforms will help boost rural demand through improved affordability.
Singhania added that the rebound in small car sales is expected to further drive tyre demand, strengthening growth across the sector.
