JK Tyre plans ₹4,980 crore expansion of Chennai and Mysuru plants by 2030.

JK Tyre recently said its Board has approved a capital expenditure plan of ₹4,980 crore to expand passenger car radial (PCR) and truck and bus radial (TBR) tyre capacities at its Chennai and Mysuru plants by 2030. The investment will be funded through a mix of internal accruals and debt.

Announcing the expansion plan, Chairman and Managing Director Raghupati Singhania said the project will be executed in three phases. The first phase, accounting for 50 per cent of the total outlay, is targeted for completion by August 2028, followed by the second phase with 40 per cent of the investment by April 2029. The remaining 10 per cent will be deployed in the final phase by December 2029.

The company said the Indian tyre industry is witnessing robust demand across segments, prompting the need to strengthen manufacturing capacity and maintain market presence. The proposed expansion is expected to enhance JK Tyre’s production capacity by around 24 per cent over current levels.