JK Tyre to expand its export footprint with Mexico’s plant

In a bid to drive volumes in the car segment in overseas markets, JK Tyre & Industries is focusing on expanding its export footprint using its plant in Mexico. The tyre market leader has been pushing after-market sales and exports in an effort to make up for the slowdown in the domestic car market. The company has added five new export markets last fiscal and it now has a presence in over 100 markets. Moreover, improved exports, bigger share of after-market sales and  significant softening of raw material prices has helped JK turn in its highest ever profit with a 29% increase in net profit to Rs 263 crore in FY13-14. JK Tyre & Industries is the flagship company under the umbrella of JK Organization. JK Tyre is the pioneer for Steel Radial technology in India. Over the years, the company has expanded and diversified its business portfolio. It has developed into a multi product, multi-location corporate entity.