JK Tyre, one of the largest and most popular tyre manufacturers in the country, has plans of expanding their network aggressively. Keeping to their strategy, the company has launched a range of 10 new products. The plan of the company is to increase their turnover by around Rs. 300 crores.
These tyres will cover varied segments like passenger cars, light commercial vehicles (LCVs) and trucks. Targeting hatchbacks and small cars, the company has launched a tyre known as Ultima Neo which is said to improve fuel economy. At the other end of the scale, the ultra high performance UX1 tyre line is designed keeping in mind high end luxury and sports cars. JK Tyre has also released a tyre range for the trucks and light commercial vehicles; which are designed to minimise running costs for bus and truck operators.
The company intends to increase its manufacturing output for passenger car tyres by another 20 lakh tyres per annum and commercial vehicle tyres, by 8 lakhs per annum. JK Tyre is also targeting growth in Southeast Asian markets with their annual production capacity of around 20 million tyres at their 9 facilities spread across India and Mexico.