JK Tyre to launch eco products in domestic export market

11 Nov 2021 CW Team

JK Tyre and Industries Limited is launching an eco range of products in the domestic and exports market, with an aim to expand its global business.

In the second quarter (Q2) of FY22, the company registered 21% consolidated revenue of Rs 2,986.66 crore from exports and widened its global reach to Europe, Australia and South Africa.

The company said that the management team is committed to implementing the strategy to grow its market presence and gain market share.

JK Tyre said that it would enhance its market position across different segments focusing on increasing its volume of all product segments in replacement and export.

It is also expanding its distribution channels via brand shopping across the country to gain market share. In the first half (H1) of FY22, the company added more than 550 dealers across India.

At present, it has more than 6,000 dealers and 500 distributors with 870 fleet operators, 140 sales, three oil marketing companies and service and stocking points in India.

The company is in partnership with Amazon and ITC e-Choupal for rural connect, auto portal partner with Car Dekho and TyrePlex.

The company said that it would launch an eco range of products for cars and electric buses, fitted with ultra-low rolling resistance tyres for the domestic and international market.

Internationally the company has 76 distributors in the Middle East and Southeast Asia, 61 in Africa and 60 in North and Latin America. In Mexico, it has a distribution network of 97 dealers, 144 third-part dealers and 34 distributors for exports.

It added that the company would focus on product portfolio premiumisation as a strategy to bring technology and eco-friendly tyres in line with market requirements.

Image Source

Also read: CEAT to reinvent tyres with IOS sensors, GPS trackers, AI systems

Equipment

07 Jul 2026

Michelin Opens Two New Retail Service Centres in North India

Michelin India has expanded its retail network in North India with the launch of two new Michelin Tyres & Services (MTS) stores in Amritsar and Panchkula. Opened in partnership with National Auto and Universal Tyres, respectively, the new outlets aim to strengthen the company's presence in one of India's fastest-growing automotive markets.Located on Loharka Road in Amritsar and in the Industrial Area of Panchkula, each 5,000-sq-ft facility offers Michelin's range of passenger car and two-wheeler tyres, including the Primacy, Pilot Sport, Latitude Sport and LTX Trail series. The centres als..

IHC and Adani to Invest US$11.5 bn in Odisha Aluminium Project

Abu Dhabi's International Holding Company (IHC) will invest US$11.5 bn in an integrated aluminium project in the eastern Indian state of Odisha in a joint venture with the Adani Group, a state official said. The official said the announcement represented the country's largest foreign investment in mining and metallurgy. Officials said the venture would span both mining and metallurgical activities across several facilities in the state. The project has been described as integrated, encompassing upstream bauxite extraction and downstream smelting and metallurgy, and is intended to develop a com..

Air India and SIAEC to Explore MRO Joint Venture in India

Air India and SIA Engineering Company (SIAEC) have signed a memorandum of understanding (MoU) to explore the formation of a maintenance, repair and overhaul joint venture in India. The MoU, signed on Friday, will examine collaboration to develop India as a global aviation MRO hub and to serve growing needs across the Indian and regional markets. SIA Engineering Company, part of the Singapore Airlines Group which holds a 25.1 per cent stake in Air India, will bring technical expertise alongside Air India's established airline operations network. The partnership builds on existing cooperation be..