They had shortlisted Tamil Nadu and Karnataka for this purpose. In this connection JK Tyre President Arun Bajoria, met with a team of senior Karnataka government officials lead by Principle Secretary (Industries) VP Baligar, on Sunday in Delhi. It is understood that government of Karnataka has assured special incentives to the company for their forthcoming investments.
As part of company’s growth strategy of expanding its capacity and strengthening R&D, JK Tyre will invest in the state to manufacture truck, bus and car radials to cater to both domestic and international markets.
Announcing the expansion plans, JK Tyre & Industries Limited President Arun Bajoria said “There is an increase in demand for commercial vehicles as well as for passenger cars in the country. We had announced last year to undertake substantial expansion of our tyre operation, therefore our new plant in Karnataka is part of our long term growth strategy.”