JK Tyre expects economic revival, growth going ahead: Singhania
JK Tyre & Industries expects economic revival and growth going ahead after an unprecedented FY21, but rising commodity prices and the potential turbulence of the pandemic remain causes of concern, according to company Chairman & Managing Director Raghupati Singhania. In his address to shareholders in the company’s annual report for 2020-21, Singhania described the last fiscal as “unprecedented and perhaps the most challenging of our lives”.
Perhaps it was the first time in the history of JK Tyre that all operations had to be completely suspended, as also those of our stakeholders, including vendors or channel partners,” he said in the report.
On the outlook, Singhania said, “In the coming times, we expect economic revival and growth. Rising commodity prices and the potential turbulence of the pandemic though remain a cause of concern.