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JK Tyre is looking to enter aviation market
JK Tyre & Industries Ltd, part of the Rs 28,000 crore JK Group last week rolled out its 10 millionth radial tyre from its Vikrant plant at Mysuru in Karnataka. The company, which ranks amongst the top 25 tyre manufacturers in the world and has a wide range of products catering to diverse business segments in the automobile industry, at present operates 12 plants – nine in India and three in Mexico. It recently announced integrating its Research and Development centres (R&D) spread across different locations in the country into one by setting up a Rs 100 crore centre in Mysuru.
Raghupati Singhania, chairman and managing director, JK Tyre, in an interview with Shahkar Abidi, speaks about a wide range of topics and challenges, including the threat from the dumping of Chinese products in the Indian market. He also talked about the company’s interest in getting into the civil aviation sector which provides huge scope for growth as India is amongst the fastest-growing aviation markets in the world.
Q. A lot of Indian companies are getting into the aviation market by offering to supply parts to aircraft manufacturers. Does JK Tyre have any plans to get into the aviation segment?
A. Yes, we are working towards that direction as it’s a very lucrative segment. Though at present I cannot comment more on it as plans are still being worked out and things are still taking shape. But one thing is sure – we cannot ignore the segment as its going very strong and offers a lot of opportunity for growth. Christian Dvorak Womens Jersey
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