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On The Route To Unstoppable Growth - Indian Tyre Industry and JK Tyre

 



On The Route To Unstoppable Growth

As per changing dynamics in global geopolitics and economics, one of the key growth drivers for the Indian tyre industry would be the recently levied antidumping duty on China products in USA and other developed markets


The road transport and automobile industry are critical for the Indian economy. However, on the Indian terrain, there are only few that last long. Due to diversity of the weather, temperature, and geographic variations, the challenges posed by road network are many. Pacing with major part of the economy on its back is the Indian tyre industry. Like the challenges posed by the country’s terrain, the sector has recently fought hard against unprecedented challenges posed by the pandemic and global uncertainties and have navigated through rocky roads and pits, sand and rain-washed slopes to script a strong recovery. In fact, rating agency ICRA estimates a 13 to 15% volume demand growth in FY2022. 

JK Tyre – An Unmatched Growth Story  

Taking a lead in the growth story is the front-running tyre manufacturer, JK Tyre with its 5.75 lakh MT annual capacity. The company is serving various automotive segments from its state of the art manufacturing plans in India and Mexico plants, and it dominates the truck/bus radial space in the country. With approximately 700 brand shops of steel wheels, express wheels, farm express and truck wheels, they have over a network of over 6000 dealers and are the largest exporter of on-highway tyres to USA.  

Read the entire story here:

https://www.businessworld.in/article/On-The-Route-To-Unstoppable-Growth-/06-04-2022-424743/



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