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Article: India : JK Tyre to invest Rs 1,200 cr on expansion; to set up new plant.
- Article from:
- TendersInfo
- Article date:
- November 2, 2009
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Byline: pinto03
JK Tyre & Industries on Friday said it will invest Rs 1,200 crore over the next 3-4 years in expanding its capacity, including setting up a greenfield car radial plant in South India.
"We are planning to invest another Rs 1,200 crore during the next 3-4 years for expansion of the company's capacity. Our focus will continue to be in the domestic market, even while we will try to grow in the overseas market," JK Tyre & Industries Chairman H S Singhania said while officially inaugurating its truck and bus radial plant here.
The company currently produces 158 lakh units of tyres globally of its three brands -- JK Tyre, Vikrant and ...