JK Tyres plans to infuse 170-cr to hike capacity

Kolkata: JK Tyre is mulling to invest over Rs 170 crore to hike its truck-bus radial and off-the-road (OTR) tyre manufacturing capacities. Till recently, JK was the only Indian company engaged in commercial production of truck-bus radials. The company has already invested over Rs 300 crore in stabilising the quality of its truck-bus radials since 2002. While the project proposal is yet to be finalised, the official said that any such project would cost approximately Rs 50 crore. JK has technical collaboration with Continental Tyres of the UK for its radial tyres. The capacity of the traditional cross-ply tyres, however, will be maintained at 25.5 lakh. Meanwhile plans are firmed up to ramp up the OTR capacity (at a separate facility also in Mysore) from 25,000 to 42,000 at an estimated cost of Rs 120 crore