{"id":857,"date":"2016-04-20T23:59:55","date_gmt":"2016-04-20T18:29:55","guid":{"rendered":"http:\/\/tyremarket.com\/tyremantra\/?p=857"},"modified":"2023-07-27T17:28:42","modified_gmt":"2023-07-27T11:58:42","slug":"news-2016-jk-tyres-playing-well-expand-presence","status":"publish","type":"post","link":"https:\/\/www.tyremarket.com\/tyremantra\/news-2016-jk-tyres-playing-well-expand-presence\/","title":{"rendered":"JK Tyres Playing Well To Expand Its Presence"},"content":{"rendered":"<p><a href=\"https:\/\/www.tyremarket.com\/JK-Car-Tyres\"><strong>JK Tyre<\/strong><\/a>, the market leader in truck and bus radial segment has recently completed the Rs 2,200 crore acquisition of Cavendish Industries which retains the three major tyre business undertakings of Birla Tyres. Going well with some major acquisitions in the industry, the company now eyes at the Rs 10,000 crore annual revenues in the ongoing fiscal. However, the previous year, the company\u2019s revenue stood at Rs 7,800 crore.<\/p>\n<p>The chairman and managing director of the Delhi-based tyre manufacturer, Mr. Raghupati Singhania seemed positive on the fact that they will come up as the second largest player in India when it comes to domestic sales. He was also confident of making the lately obtained Haridwar unit operational.<\/p>\n<p>JK Tyre and Industries have acquired the Haridwar located Lasker manufacturing unit of BK Birla\u2019s Kesoram Industries for Rs 2,200 crore. The plant manufactures a wide range of tyre, tubes and flaps. The purchase of this manufacturing facility will not only bolster its stand in the <a href=\"https:\/\/www.tyremarket.com\/TyreManufacturer\"><strong>tyre industry<\/strong><\/a> but also smoothen its way to foray in the high margin two-wheeler and three-wheeler tyre arena.<\/p>\n<p>Funded by equity and debt, the acquisition has brought the tyre major equities worth Rs 700 crore from internal accumulations, while a debt of Rs 1,495 crore is being raised. The other companies from the <strong>JK group<\/strong>, JK Lakshmi Cement and JK Paper, came together to raise the debt, as a result, JK Tyre\u00a0was free from any debts during the acquisition. The company by now owes a debt of Rs 2,000 crore approximately, which was raised to fund their past acquisitions including Mexican tyre company, Tornel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JK Tyre, the market leader in truck and bus radial segment has recently completed the Rs 2,200 crore acquisition of Cavendish Industries which retains the&#8230;<\/p>\n","protected":false},"author":4,"featured_media":280,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[4],"tags":[353,388,385,439,466],"class_list":["post-857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-jk-tyre","tag-jk-tyre-news","tag-tyre-industry-india","tag-tyre-industry-news-2016","tag-tyre-makers-india"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>JK Tyres Playing Well To Expand Its Presence<\/title>\r\n<meta name=\"description\" content=\"JK tyre now eyes at the Rs 10,000 crore annual revenues in the ongoing fiscal. However, the previous year, the company\u2019s revenue stood at Rs 7,800 crore.\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.tyremarket.com\/tyremantra\/news-2016-jk-tyres-playing-well-expand-presence\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"JK Tyres Playing Well To Expand Its Presence\" \/>\r\n<meta property=\"og:description\" content=\"JK tyre now eyes at the Rs 10,000 crore annual revenues in the ongoing fiscal. However, the previous year, the company\u2019s revenue stood at Rs 7,800 crore.\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.tyremarket.com\/tyremantra\/news-2016-jk-tyres-playing-well-expand-presence\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Tyremarket : Tyre News, Review &amp; Guide\" \/>\r\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/tyremarketindia\" \/>\r\n<meta property=\"article:published_time\" content=\"2016-04-20T18:29:55+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2023-07-27T11:58:42+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/www.tyremarket.com\/tyremantra\/wp-content\/uploads\/2016\/07\/jk-tyre-image-e1469080641370.gif\" \/>\r\n\t<meta property=\"og:image:width\" content=\"729\" \/>\r\n\t<meta property=\"og:image:height\" content=\"410\" \/>\r\n\t<meta property=\"og:image:type\" content=\"image\/gif\" \/>\r\n<meta name=\"author\" content=\"Ankit verma\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:creator\" content=\"@tyremarketindia\" \/>\r\n<meta name=\"twitter:site\" content=\"@tyremarketindia\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ankit verma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/news-2016-jk-tyres-playing-well-expand-presence\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/news-2016-jk-tyres-playing-well-expand-presence\\\/\"},\"author\":{\"name\":\"Ankit verma\",\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/#\\\/schema\\\/person\\\/622e94976c8daee44e969fe0577d2380\"},\"headline\":\"JK Tyres Playing Well To Expand Its Presence\",\"datePublished\":\"2016-04-20T18:29:55+00:00\",\"dateModified\":\"2023-07-27T11:58:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/news-2016-jk-tyres-playing-well-expand-presence\\\/\"},\"wordCount\":271,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/news-2016-jk-tyres-playing-well-expand-presence\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/wp-content\\\/uploads\\\/2016\\\/07\\\/jk-tyre-image-e1469080641370.gif\",\"keywords\":[\"Jk tyre\",\"JK Tyre News\",\"tyre industry india\",\"Tyre industry news 2016\",\"tyre makers india\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/news-2016-jk-tyres-playing-well-expand-presence\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/news-2016-jk-tyres-playing-well-expand-presence\\\/\",\"url\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/news-2016-jk-tyres-playing-well-expand-presence\\\/\",\"name\":\"JK Tyres Playing Well To Expand Its Presence\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/news-2016-jk-tyres-playing-well-expand-presence\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/news-2016-jk-tyres-playing-well-expand-presence\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/wp-content\\\/uploads\\\/2016\\\/07\\\/jk-tyre-image-e1469080641370.gif\",\"datePublished\":\"2016-04-20T18:29:55+00:00\",\"dateModified\":\"2023-07-27T11:58:42+00:00\",\"description\":\"JK tyre now eyes at the Rs 10,000 crore annual revenues in the ongoing fiscal. 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When all the other kids would break downhill I would pedal harder just to go faster and enjoy the thrill. Adding to my interest for speed, I grew engrossed in the working mechanics of two wheelers thanks to my father as he is a hydraulic mechanic and would take me along with him on his repair sessions. Eventually I became familiar with the tools and basic technical concepts of two wheelers.Super sport and sport tourers are more of my liking and the sparks to these flames were ignited the first time I experienced the maddening power of a Yamaha YZF R1. I was just 14 years old at the time and got to ride as a pillion with an older acquaintance. This one short ride influenced my every decision in terms of the bikes I want to own. As of today I\u2019m 26 years old and a proud owner of a Yamaha Fz15 version 2.0 and a Kawasaki Ninja 650 2014 model having clocked a decent 30k Kms only while touring, waiting to clock 1000s more as riding makes me feel whole again after enduring the dismal routines of life.\",\"sameAs\":[\"http:\\\/\\\/tyremarket.com\"],\"url\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/author\\\/ankit_verma\\\/\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"JK Tyres Playing Well To Expand Its Presence","description":"JK tyre now eyes at the Rs 10,000 crore annual revenues in the ongoing fiscal. 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