Investment Of Rs 200 Crore To Be Fueled In By JK Tyre For Production Enhancement
The leading tyre manufacturer JK Tyre has planned an investment of Rs 200 crore in the next 2 years. The investment would be done in order to enhance its production capacity through de-bottlenecking of its plants. At present, the firm has 12 manufacturing facilities with an annual production capacity of around 32 million tyres.Â
In its statement JK Tyre said that the focus is on prudent capital allocation and tight management of its working capital to ensure accelerated de-leveraging going forward.Â