Rs 1100 crore investment planned by JK Tyre & Industries
Leading tyre manufacturers in India, JK Tyre & Industries plan to invest Rs 1100 crore over the next 2 years to expand production capacity. Investments are underway to increase capacity passenger car radials and truck bus radials in the two years to the close of FY24, said the firm in a statement.
Backed by improved economic activity and increased government spending on infrastructure projects, the company anticipates that demand in the domestic market will continue robust moving forward.
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