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Article: India: JK Tyre to invest Rs 1200 crore.
- Article from:
- TendersInfo
- Article date:
- November 2, 2009
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Byline: manish03
After completing an investment of Rs 315 crore to double its truck and bus radial tyre capacity from 400,000, JK Tyre & Industries plans to invest Rs 1,200 crore over the next 3-4 years in expanding its capacity. The expansion plans include setting up a greenfield car radial plant in South India.
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 HS Singhania said while officially inaugurating its truck and bus radial plant here. The company produces 15.8 million units of tyres globally of its three brands JK Tyre, Vikrant and Tornel.
The ...