JK Tyre to Set up in Tamil Nadu?
India’s Economic Times reports that New Delhi-based JK Tyre could be on the verge of making a deal to install a radial car tyre plant in Tamil Nadu, having met with regional government representatives.
The article suggests that the company is looking for a suitable site in the Sriperumbadur belt, where there is a concentration of automotive industry. While company officials have yet to confirm anything, the move would make sense as an attempt to secure future original equipment partnerships with the manifold global and domestic vehicle manufacturers. Apollo and Michelin are both beginning to establish themselves in Tamil Nadu and it makes sense that other Indian manufacturers would want to be a part of the “Detroit of India”.
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