JK Tyre finishes phase one expansion at Banmore facility
ECONOMY & POLICY

JK Tyre finishes phase one expansion at Banmore facility

JK Tyre & Industries announced that the first phase of capacity expansion of its manufacturing facility located in Banmore, Madhya Pradesh had been completed. They had entered the second phase of expansion with an additional investment of Rs 6.17 billion.

The company had planned a two-phased expansion at its existing Banmore facility to meet the growing demand for passenger car radial (PCR) tyres. The total investment for the expansion was around Rs 10 billion, with the phase one expansion requiring an investment of Rs 3.12 billion. As a result of the expansion, the plant's annual production capacity would increase by 31%, from 39 lakh to 51 lakh units per annum.

Dr Raghupati Singhania, Chairman & Managing Director of JK Tyre & Industries, stated that the expansion of the manufacturing facility demonstrated the company's unwavering commitment to innovation, sustainability, and its significant contribution to the growth of Madhya Pradesh.

The Banmore facility, spread over 211 acre, had provided direct and indirect employment opportunities for approximately 15,000 individuals in the State. The expansion was expected to create additional employment for more than 7,000 people, contributing to regional economic growth.

At present, the manufacturing facility produced eco-friendly tyres, smart tyres, and puncture guard tyres to serve both domestic and international customers.

JK Tyre & Industries announced that the first phase of capacity expansion of its manufacturing facility located in Banmore, Madhya Pradesh had been completed. They had entered the second phase of expansion with an additional investment of Rs 6.17 billion. The company had planned a two-phased expansion at its existing Banmore facility to meet the growing demand for passenger car radial (PCR) tyres. The total investment for the expansion was around Rs 10 billion, with the phase one expansion requiring an investment of Rs 3.12 billion. As a result of the expansion, the plant's annual production capacity would increase by 31%, from 39 lakh to 51 lakh units per annum. Dr Raghupati Singhania, Chairman & Managing Director of JK Tyre & Industries, stated that the expansion of the manufacturing facility demonstrated the company's unwavering commitment to innovation, sustainability, and its significant contribution to the growth of Madhya Pradesh. The Banmore facility, spread over 211 acre, had provided direct and indirect employment opportunities for approximately 15,000 individuals in the State. The expansion was expected to create additional employment for more than 7,000 people, contributing to regional economic growth. At present, the manufacturing facility produced eco-friendly tyres, smart tyres, and puncture guard tyres to serve both domestic and international customers.

Next Story
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?