JK Tyre To Invest In Expansion

Indian tyre manufacturer JK Tyre has said that it will invest 105 crore Rupees US$ 22.45 million) over the next three years to increase capacity at its radial truck tyre plant in Mysore and to increase the number of service and tyre care centres. $16 million would go towards increasing annual capacity from 240,000 tyres to 350,000 units while the remainder would be spent on increasing the number of tyre care centres to 100 and adding five more service centres.