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German taxpayers funding Indian tyre factory expansion

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.

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Related news:

  1. Not competitive enough – Michelin confirms plant closures in Germany
  2. JK Tyre joins RE100
  3. It’s “high time” for anti-dumping duties, says JK Tyre & Industries’ Singhania
  4. JK Tyre now 26% shareholder in Treel Mobility Solutions
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JK Tyre joins RE100

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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.

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Related news:

  1. JK Tyre develops 80% sustainable tyre
  2. JK Tyre profits rise 18% in July-September quarter
  3. JK Tyre acquires Kesoram subsidiary, tyre factory
  4. JK Tyre to consolidate, boost R&D activities
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JK Tyre reports moderate revenue & profits in challenging Q2 2025

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.

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Related news:

  1. JK Tyre lifts profits in FY24
  2. JK Tyre reports 33% increase in Q1FY25 Net Profit
  3. JK Tyre profits rise 18% in July-September quarter
  4. Raw materials, tyre imports hammer JK Tyre in April-June quarter
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JK Tyre lifts profits in FY24

JK Tyre & Industries reports a 56.24 per cent year-on-year increase in profit after tax during the fourth quarter of FY24, reaching Rs 1.69 billion (£16 million). The company also recorded a 1.82 per cent rise in its consolidated revenue from operations, totalling Rs 36.98 billion (£349 million). It attributes this increase in profit to product premiumisation and expanded market reach.

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  • Read our sector-leading articles in full
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Related news:

  1. Despite challenging environment, JK Tyre posts higher full-year profits
  2. JK Tyre profits rise 18% in July-September quarter
  3. Raw materials, tyre imports hammer JK Tyre in April-June quarter
  4. JK Tyre now 26% shareholder in Treel Mobility Solutions
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JK Tyre develops 80% sustainable tyre

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A couple of weeks after Apollo Tyres unveiled car tyres containing 75% sustainable materials, JK Tyre & Industries has seen Apollo’s 75 and raised it 5. The company has produced a passenger car radial with 80% recycled and renewable materials – and says it will offer such a range “in due course.”

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Related news:

  1. JK Tyre now 26% shareholder in Treel Mobility Solutions
  2. JK Tyre reduces pay for management in “unprecedented” times
  3. Apollo presents agri tyre with 75% sustainable materials
  4. IFC takes 5.6% share in JK Tyre
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IFC takes 5.6% share in JK Tyre

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World Bank Group member IFC is investing US$30 million in JK Tyre & Industries. These funds will part-finance the expansion of capacities and integration of resource-efficient technologies into TBR & PCR manufacturing, leading to a more than 10% increase in radial tyre production. IFC gains a 5.6% stake in the tyre maker.

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  1. JK Tyre now 26% shareholder in Treel Mobility Solutions
  2. JK Tyre reduces pay for management in “unprecedented” times
  3. Former F1 driver Karthikeyan JK Tyre’s new brand ambassador
  4. Anaj Kathuria to lead JK Tyre’s India business
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JK Tyre returns as ICOTY presenting sponsor

Promoted by JK Tyre since its inception, the Indian Car of the Year (ICOTY) and Indian Motorcycle of the Year (IMOTY) awards took place for the 18th time in New Delhi on 12 January. Dr Raghupati Singhania, chairman and managing director of JK Tyre & Industries Limited, was on hand to present accolades to this year’s winners, a list of worthies that includes the KIA Carens as ‘Indian Car of the Year 2023’ and the Royal Enfield Hunter as ‘Indian Motorcycle of the Year 2023’.

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  1. JK Tyre now 26% shareholder in Treel Mobility Solutions
  2. JK Tyre reduces pay for management in “unprecedented” times
  3. Former F1 driver Karthikeyan JK Tyre’s new brand ambassador
  4. Anaj Kathuria to lead JK Tyre’s India business
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Anaj Kathuria to lead JK Tyre’s India business

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JK Tyre & Industries Limited has appointed Anuj Kathuria to the role of President (India). Based in Delhi, Mr Kathuria reports to Dr Raghupati Singhania, the company’s chairman and managing director, and managing director Anshuman Singhania.

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  1. Anshuman Singhania appointed MD of JK Tyre
  2. JK Tyre reduces pay for management in “unprecedented” times
  3. India’s ATMA appoints new chairman, vice chairman
  4. Former F1 driver Karthikeyan JK Tyre’s new brand ambassador
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Former F1 driver Karthikeyan JK Tyre’s new brand ambassador

Narain Karthikeyan, who in 2005 became India’s first-ever Formula 1 driver, has signed on as a JK Tyre brand ambassador. Commenting on the arrangement, Raghupati Singhania said the tyre maker was “delighted” to have Karthikeyan represent the JK Tyre brand in India.

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Related news:

  1. ‘Money not a Consideration’ for JK Tyre
  2. JK Tyre now 26% shareholder in Treel Mobility Solutions
  3. JK Tyre reduces pay for management in “unprecedented” times
  4. India’s ATMA appoints new chairman, vice chairman
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JK Tyre reduces pay for management in “unprecedented” times

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Apollo Tyres shared last Friday that its senior management would take a pay cut in response to market pressures related to the coronavirus pandemic, and yesterday the team at JK Tyre & Industries announced similar measures.

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Related news:

  1. JK Tyre now 26% shareholder in Treel Mobility Solutions
  2. JK Tyre senior management takes 25% pay cut amid Covid-19 pandemic
  3. JK Tyre to consolidate, boost R&D activities
  4. Truck/bus radial production reaches 10M mark at JK Tyre
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JK Tyre senior management takes 25% pay cut amid Covid-19 pandemic

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Senior management at Indian tyre manufacturer JK Tyre will take a 25 per cent pay cut during the Covid-19 outbreak. Chairman and managing director Raghupati Singhania stated that the board was taking the cut “in a show of solidarity in this critical time,” noting the “unprecedented” impact of the virus on sales and profitability.

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Related news:

  1. JK Tyre reduces pay for management in “unprecedented” times
  2. JK Tyre calls for tariffs on Chinese tyres, release quarter results
  3. JK Tyre acquires Kesoram subsidiary, tyre factory
  4. JK Tyre to consolidate, boost R&D activities
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JK Tyre now 26% shareholder in Treel Mobility Solutions

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In June and July, J.K. Organisation company JK Credit & Finance acquired 50.003 per cent equity shares in Indian start-up Treel Mobility Solutions Pvt. Ltd. JK Tyre & Industries has now obtained 26 per cent equity in the smart tyre system specialist from its group sibling and rebranded Treel as a ‘JK Tyre Product’. JK Tyre paid Rs 59.8 million for its 26 per cent share in Treel; JK Credit & Finance continues to hold 24.003 per cent in the company.

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Related news:

  1. JK Tyre acquires Kesoram subsidiary, tyre factory
  2. JK Tyre reduces pay for management in “unprecedented” times
  3. Cavendish now a JK Tyre subsidiary
  4. JK Tyre to consolidate, boost R&D activities
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Raw materials, tyre imports hammer JK Tyre in April-June quarter

“We are indeed passing through challenging times.” These were the words from Dr Raghupati Singhania after JK Tyre & Industries Ltd. released its final results for the first quarter of its 2017-18 financial year. Nevertheless, the chairman and managing director is confident that the company’s performance will improve moving forwards.

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Related news:

  1. Despite challenging environment, JK Tyre posts higher full-year profits
  2. JK Tyre profits rise 18% in July-September quarter
  3. JK Tyre profits jump 41% in 2015-16
  4. JK Tyre FY2009 Sales & Profits "Highest Ever"
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It’s “high time” for anti-dumping duties, says JK Tyre & Industries’ Singhania

Days after India’s Directorate General of Anti-Dumping published its final findings into truck and bus tyres imported from China and recommended the introduction of anti-dumping duties for certain products, the chairman and managing director of the country’s largest domestic producer of truck and bus radials supported the measure with comments of his own. During his speech at JK Tyre & Industries Ltd’s annual general meeting on 4 August, Dr Raghupati Singhania declared it is “high time” India’s government undertook such a step.

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Related news:

  1. It’s “high time” for anti-dumping duties, says JK Tyre & Industries’ Singhania
  2. India considering anti-dumping duties for Chinese truck tyres
  3. Truck/bus radial production reaches 10M mark at JK Tyre
  4. Anti-dumping – EC to investigate Chinese tyre imports to Europe
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