Hotline: 1800 102 2007
X
Search Business Opportunities
Sep, 10 2015

JK Tyre shift gears into two wheeler tyre category too

JK Tyre & Industries Ltd is planning to enter two-wheeler segment via the trading route. The New Delhi-based company is in the process of working on signing up with vendors and exploring both local and international vendors.

JK Tyre & Industries Ltd is planning to enter two-wheeler segment via the trading route. The New Delhi-based company is in the process of working on signing up with vendors and exploring both local and international vendors.

“We are planning to outsource and sell two-wheeler tyres for the time being. We are working on signing up with vendors and we are exploring both local and international vendors,” says Raghupati Singhania, CMD, JK Tyre. The brand, which currently makes tyres for four-wheelers, buses and trucks, will have tyre giants like MRF, Ceat and TVS as it competitors in the two-wheeler segment.

The company has posted over two fold rise in its consolidated net profit at Rs 118 crore for the first quarter ended June 30, manufactures radial and bias tyres for truck, buses and passenger vehicles. It posted a net profit of Rs 55 crore during the same period of the previous fiscal. The company achieved a consolidated turnover of Rs 1952 crore. On a standalone basis, JK Tyre reported a turnover of Rs 1676 crore with an operating profit at Rs 260 crore, an increase of 56% over the corresponding quarter.

It has substantial investments to expand its capacities of both truck/bus radials and passenger line radials and also support expansion of product portfolio with addition of new range in different tyre categories in the near future.

 

 

Comment
image
Related opportunities
  • Sweetshop
    About Us: KB Foods Mumbai’s Leading Brand Of Traditional Indian Sweets & Savouries 2..
    Locations looking for expansion Delhi
    Establishment year 1950
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: Kidzonia International PreSchools is a joint venture between Suraka..
    Locations looking for expansion Telangana
    Establishment year 2014
    Franchising Launch Date 2014
    Investment size Rs. 10lac - 20lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Serilingampalli Telangana
  • After School Activities
    About Us: SIP Academy India is successfully running various world-class programmes...
    Locations looking for expansion Delhi
    Establishment year 2003
    Franchising Launch Date 2003
    Investment size Rs. 5lac - 10lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: Unique Brew Café – India’s fastest growing cafe brings a..
    Locations looking for expansion GUJARAT
    Establishment year 2011
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater NAVSARI GUJARAT
Insta-Subscribe to
Entrepreneur
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities