JK Tire & Industries Ltd Chairman and Managing Director Raghupati Singhania said the company’s ongoing ₹1,400-crore capacity expansion would be completed by the first quarter of FY26 (January-March 2026).
“The ₹1,400 crore is a spin-off of the last expansion that we undertook, and this is expected to be completed by the next quarter – first quarter of FY26. We will then have the capacity in service and production at our disposal,” Singhania said. Business today. “We are also looking to the future in terms of how demand will develop and will decide what measures to take accordingly.”
Speaking on the economy as a whole, Singhania said the proposed Goods and Services Tax (GST) rationalization could play a crucial role in boosting overall demand. “And it’s not just about the tire industry, but also about economic activity as a whole. I think this will go a long way in creating demand, improving accessibility and providing a boost to the economy,” he said.
On raw material prices, the JK Tire CMD said prices have remained stable in recent months, bringing some relief to the industry. “Fortunately, in the recent past, prices have been range bound and we don’t expect much volatility, at least in the short term. Long term is always a tough game to project,” he added.
Singhania also commented on the ongoing issue of import tariffs in the United States, saying the company had diversified its export strategy to offset the impact. “The Indian government is working very hard to find a solution with the FTA, but let’s see what happens. In the meantime, we have changed our strategy and are selling Indian tires to new markets, including Europe, while supplying the US market from our Mexican factory, which is more tariff-friendly,” he said.
On growth prospects, Singhania said the automobile and tire sectors are showing stable performance. “The auto industry is in a pretty reasonable situation, growing at six to seven percent, and even the tire industry is looking at similar growth,” he said.
