Explore Business Standard
Tyre Industry
JK Tyre & Industries Ltd on Monday reported a 62.33 per cent jump in consolidated net profit to Rs 226.86 crore in the second quarter ended September 30, 2025, riding on strong revenue. The company had posted a consolidated net profit of Rs 139.75 crore in the corresponding period last fiscal, JK Tyre & Industries Ltd said in a regulatory filing. Consolidated revenue from operations in the second quarter stood at Rs 4,011.31 crore as against Rs 3,621.56 crore in the year-ago period, it added. Total expenses in the quarter were higher at Rs 3,714.05 crore as compared to Rs 3,433.55 crore in the same period last fiscal, the company said. Commenting on the performance, JK Tyre & Industries Chairman & Managing Director, Raghupati Singhania said, "Domestic markets registered a growth of 15 per cent in volumes driven by a notable uptick across segments. Export volumes grew by 13 per cent over the previous quarter, despite the prevailing uncertainty around US tariff ...
The domestic tyre industry is likely to register a 7-8 per cent growth in the current fiscal on the back of replacement demand, according to people tracking the sector. JK Tyre & Industries MD Anshuman Singhania said the Indian tyre industry remains an export-heavy manufacturing sector, with outbound shipments surpassing Rs 25,000 crore in FY25. "In FY26, the Indian tyre industry is expected to achieve 7-8 per cent growth on the back of the strong domestic replacement demand despite muted OE (original equipment) offtakes," Singhania said in an analyst call. The growth is attributed to consistent investments in capacity expansion, improvements in manufacturing efficiency and increased focus on enhancing the R&D capabilities, he noted. "With the upcoming festive season, coupled with the benefits of the recent repo rate cuts and favourable monsoon conditions, we expect the consumer sentiments to improve further," Singhania said. Apollo Tyres CFO Gaurav Kumar told analysts that ...
Tyre exports from India grew 9 per cent year-on-year to Rs 25,051 crore in FY25 despite headwinds, including trade policy uncertainties and global supply chain disruptions, the Automotive Tyre Manufacturers Association said on Wednesday. With nearly 40 per cent of the industry's natural rubber (NR) requirement met through imports due to limited domestic availability, the Automotive Tyre Manufacturers Association (ATMA) said there is an urgent need to accelerate domestic production through focused interventions to meet rising demand. India's tyre exports in 2024-25 increased by 9 per cent year-on-year, reaching Rs 25,051 crore compared to Rs 23,073 crore in the previous fiscal, ATMA said, citing data released by the Ministry of Commerce. With an estimated annual turnover of Rs 1 lakh crore and exports exceeding Rs 25,000 crore, the Indian tyre industry stands out as one of the few manufacturing sectors in the country with a high export-to-turnover ratio, it added. "The tyre industry
Tyre maker Continental is looking to expand its passenger vehicle and light truck tyres business in India, as it aims to focus on products catering to the robustly growing utility vehicle segment, according to a top company official. The company expects strong growth potential in larger-inch and ultra-high-performance tyres designed for SUVs, 4x4s, and sporty vehicles, aligning seamlessly with current market trends. The tyre maker has lined up a Rs 100 crore investment to expand production capacity at its Modipuram plant in Uttar Pradesh by 'double digits' and to roll out bigger tyres for utility vehicles, which now account for over 60 per cent of the overall annual domestic passenger vehicle segment in India. In an interaction with PTI, Continental Tires India MD Samir Gupta said that with the earmarked capital, the company aims to enhance its overall capabilities to align its portfolio to reflect the evolving lifestyle needs of Indian drivers. "Currently, we can produce up to ...
JK Tyre & Industries has drawn up plans for expanding its marketing presence in West Bengal and the northeast region of the country, a company official said on Tuesday. "West Bengal is a strategic hub for the company in the east. The company's strategic focus in West Bengal includes deepening penetration in the truck and passenger car radial (PCR) segments", Anshuman Singhania, managing director of JK Tyre & Industries, said in a statement. He said the northeast region continues to be a high-priority market for JK Tyre, adding that the company has more than 800 dealers in the eastern zone. In West Bengal, Singhania said the company has more than 31 branded shops and six depots across the state. "We plan to increase the number of branded ships to 40 in West Bengal by the end of the current financial year", he said. Singhania said that the company, a part of the JK group, is aiming at a revenue growth of 25 per cent this fiscal and also outperform the projected market growth of .