JK Tyre is augmenting car tyre production capacity from its 76 lakh tyres to 98 lakh tyres per annum, and truck and bus radial tyre (TBR) capacity to 2.26 million from 1.46 million tyres per annum at its Chennai facility. The project is expected to be completed by mid 2015. Approximate cost of the project is around Rs. 1,430 crore.
Extracted from BS, Feb 25,’15