JK Tyres plans to invest Rs 480 crore this year to increase capacities of both its truck and passenger radial tyres, a senior company official said. Of the Rs 480 crore investment planned for this year, Rs 315 crore would be spent on augmenting its truck radial tyre capacity to 8 lakh tyres from the existing 3.67 lakh tyres and another Rs 120 crore on increasing the off-the-road (OTR) tyre capacity. The company also plans to invest the remaining in power plant and other projects, he said.
Truck radialisation was on an upswing in the country and that it would soon touch the 11-12 per cent levels. The company also has plans to invest another Rs 700 crore for capacity expansions by 2011.
Truck radialisation was on an upswing in the country and that it would soon touch the 11-12 per cent levels. The company also has plans to invest another Rs 700 crore for capacity expansions by 2011.
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