JK Tyre & Industries Ltd., has inaugurated a new JK Truck Wheels Centre in Gandhidham. Operated by Aadinath Tyres, the facility was inaugurated by Anshuman Singhania, managing director, JK Tyre & Industries Ltd., reaffirming the company’s dedication to delivering premium products and services to the commercial vehicle sector.
Anuj Kathuria is no longer JK Tyre & Industries Ltd.’s President (India). In a letter dated 14 February 2025, Kathuria resigned for “personal reasons,” and JK Tyre confirms “he has been relieved from the services of the company.” According to a leading Indian newspaper, Kathuria “abruptly” resigned “amidst an ongoing probe by Mumbai’s police.” The former senior manager claims he is the victim of false allegations.
From 3 February 2025, Dr Aran Kumar Jaura joins the management team at JK Tyre & Industries as Chief Technology Officer. The tyre maker says it appointed Dr Jaura to this newly created position as part of its “succession plan” and in order to “strengthen the Technology and R&D team.”
World Bank Group subsidiary International Finance Corporation (IFC) has sanctioned a US$100 million Sustainability-Linked Loan (SLL) to JK Tyre. The funding will support the expansion of tyre manufacturing capacity, focusing on passenger car radial tyres at JK Tyre’s Banmore plant in Madhya Pradesh and truck and bus radial tyres at CIL’s Laksar plant in Uttarakhand. IFC views this as an initiative that will promote energy-efficient tyre production, strengthen local supply chains, and create jobs.
On 11 January 2025, JK tyre presented The Indian Car of the Year (ICOTY) and Indian Motorcycle of the Year (IMOTY) awards at the Levitas Lounge in New Delhi. This year’s occasion was particularly significant as it marked the 20th anniversary of ICOTY. Specifically, Dr Raghupati Singhania, chairman and managing director, JK Tyre & Industries, along with ICOTY chairman Dhruv Behl, IMOTY chairman Kartik Ware, and esteemed jury members, presented the awards to the winners.
Tyre manufacturers have announced the closure of several factories within Germany in recent times, not least as a result of cost competitive competition from abroad. This has not stopped the Deutsche Investitions- und Entwicklungsgesellschaft (DEG), a development bank indirectly owned by Germany’s federal and state governments, from providing JK Tyre & Industries Ltd with a long-term loan of 30 million euros to help it expand a plant in India.
The bauma CONEXPO India exhibition began in Delhi NCR today, and JK Tyre & Industries has used the event as a platform for launching its latest off-the-road tyres. The new offerings include, 17.5-25 VEM 63 L5 for wheel loaders, 16.00-25 VEM 99D E3 for wide body dump trucks, 12.00-24 VEM Smooth L5S for load haul dumpers, 300-15 Jet Lift for forklift trucks and 10/75-15.3 MPT117 for self-loading concrete mixers. Anuj Kathuria, President of JK Tyre’s India business and Debasis Khuntia, Head of OTR, were on-site to unveil the products.
JK Tyre & Industries has become the first Indian tyre maker to join the global corporate renewable energy initiative RE100, and just the 16th business of any type within the country. Company Chairman and Managing Director, Dr Raghupati Singhania, states that JK Tyre’s decision to join RE100 “represents our unwavering commitment to environmental responsibility.
JK Tyre & Industries Ltd. is working towards merging with its 2016-acquired subsidiary Cavendish Industries Ltd. (CIL). Following the merger, all the company’s tyre operations in India will be housed within a single listed company, an arrangement expected to result in greater synergies, a simplified structure and less red tape. JK Tyre also views a merger with CIL as a means of “unlocking value” for its shareholders as well as improving investor perceptions.
JK Tyre & Industries Ltd. has announced its financial results for Q2 FY2025 and H1 FY2025, the quarter- and half-year periods ending 30 September 2024. The tyre maker’s latest figures show a decline in key metrics year-on-year amidst challenging market conditions. Despite these headwinds, the company’s strategic focus on export growth and innovative product development provided partial offset to slower domestic performance. Operating challenges, including fluctuating raw material prices, dampened profitability margins.
JK Tyre & Industries Ltd. (JK Tyre) has announced its unaudited financial results for the first quarter of the fiscal year 2025. The company reported significant improvements in key financial metrics, demonstrating resilience and strategic agility amidst challenging market conditions.
Indian tyre makers MRF Ltd. and JK Tyre & Industries have published their annual reports for the 2023-24 financial year ahead of their respective annual general meetings on 1 and 2 August. Both documents can be read and downloaded here.
Leading Indian truck and bus radial (TBR) manufacturer, JK Tyre & Industries has introduced its new and advanced range of commercial tyres for the transportation sector. The company introduced four new variants, the Jetway JUM XM, Jetway JUC XM, Jetsteel JDC XD, and the Jetway JUXe for electric buses. JK Tyre states that the expansion of its product portfolio underscores its “dedication to providing advanced, high-performance solutions that combine superior performance, economic benefits, and environmental responsibility.” It said the launch was a “significant milestone” in its commitment to driving sustainable mobility solutions; the tyres are designed to enhance performance, operational efficiency, cost savings and sustainability.
CARE Ratings Limited (CARE) has upgraded JK Tyre and Industries Limited (JKTI)’s credit rating from CARE A+ to CARE AA- and reaffirmed its short-term ratings of CARE A1+. The outlook has also been revised from Positive to Stable.
During a recent earnings call, JK Tyre & Industries’ managing director, Anshuman Singhania, shared that the company is investing Rs 14 billion (£131.76 million) to increase its production capacities for TBR, PCR and ASLTR (all-steel light truck radial) tyres. He commented that these projects are “under implementation and progressing well.”
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