JK Tyre will spend 900 crore over the next two years to expand.

“We are experiencing severe bottlenecking as we expand gradually. In order to make up for lost time and the downturn in the auto industry, we are aggressively taking action. Our market share has grown in the past two quarters in both volume and value, according to Raghupati Singhania, Chairman and MD of JK Tyres and Industries.

The corporation anticipates keeping its export level at $1,900 billion. In addition to America, major export markets for us include Latin America, Africa, and the Middle East. The markets in America and Europe have slowed. We’ll be able to sustain, if not significantly expand, “said Singhania.

In the last three years, the company reduced it by 30%, and over the following three years, it plans to further reduce it by 30%. “We have been working to deleverage the business, and we have significantly reduced our long-term debt. The business is expanding, and we want to pay off the long-term debt,” he continued.

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