JK Tyre & Industries said it will invest Rs 12 billion over the next 3-4 years in expanding its capacity, including setting up a greenfield car radial plant in South India, reports Business Standard.
The company currently produces 158 lakh units of tyres globally of its three brands, JK Tyre, Vikrant and Tornel.
The four Indian plants contribute 92 lakh units, while the rest come from the three Mexican plants.
By March 2010, the total capacity in India would be expanded up to 98 lakh including addition of 5 lakh units of car radials at the plant near Gwalior in Madhya Pradesh
| NIFTY 
