Negotiating Headwinds Faced by the Tyre Industry

JK Tyre & Industries Ltd. negotiated headwinds faced by the tyre industry as a whole. It continues to tread carefully to attain sustainable growth and even higher profitability.

- Ashish Bhatia and Deven Lad

JK Tyre & Industries Ltd. continues to take measured steps to attain sustainable growth and improved profitability. The company is claimed to have well-negotiated the headwinds faced by the tyre industry as a whole in the quarter and the year ended March 31, 2020, and will continue to tread carefully. Averred Dr Raghupati Singhania Chairman and Managing Director, JK Tyre & Industries Ltd., “The tyre industry have faced a downturn prior to the current pandemic, which further aggravated the situation posing unprecedented challenges. As a consequence, both the commercial vehicle and the passenger vehicle segments have been severely impacted. Despite this, the company has posted higher sales in the passenger car and two and three-wheeler segments.” Added Dr Singhania that the company with a renewed focus was also able to register a 37 per cent growth on the exports front.

Financial snapshot FY2020