JK Tyres has revealed that it is holding exploratory talks with Honda Siel Cars India and Nissan India to supply tyres for their small cars, which will be rolled out in the country in near future.
While Nissan plans to launch a global compact car codenamed ‘V’ in India by May 2010, Honda is gearing up to introduce its first small car in the Indian market in the next 28 months. It is to be mentioned that JK Tyres has also become the exclusive supplier for General Motor's midsize sedan Chevrolet Cruze in India.
A. S. Mehta was quoted as saying, “We supply 30 per cent of Maruti Suzuki's portfolio and will also supply original equipment tyres to Volkswagen's Polo, expected be launched early next year.” He added,“ We are working with Honda and Nissan for their upcoming small cars in India.”
Out of the company's total annual capacity of 45 lakh units, 60 per cent is for original equipment supplies and it has firmed up its plans to infuse Rs. 850 Crore to set up a plant in South India that will have an annual capacity of 25 lakh radial car tyres.