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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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JK Tyre and Rivigo partner in TPMS, TaaS project

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Indian logistics firm Rivigo has partnered with JK Tyre & Industries Ltd to introduce a patented Tyre Pressure Monitoring System (TPMS) that sends live tyre condition data every few seconds. The Rivigo-originated system – called TREEL – uses algorithms for predictive analysis and features demounting and anti-theft alerts.

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Related news:

  1. ETRMA: Vehicle data access a requirement for successful TaaS
  2. JK Tyre now 26% shareholder in Treel Mobility Solutions
  3. Bridgestone and MRF top JD Power India OE tyre survey
  4. Ateq VT Truck nominated for Equip Auto award
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