JK Tyre to spend Rs 200 crore to enhance production

JK Tyres on Monday said it plans to spend Rs 200 crore in the next two years to enhance its production capacity through de-bottlenecking of its plants even as it continues de-leveraging exercise and reduced net debt by Rs 929 crore in FY21.

The company has 12 manufacturing facilities with annual production capacity of 5,75,000 metric tonnes (around 32 million tyres) in FY21.