Latest news with #JKTyre&Industries


Business Standard
16-06-2025
- Automotive
- Business Standard
India Ratings affirms ratings of JK Tyre at 'AA-' with 'stable' outlook
JK Tyre & Industries (JKTIL) said that India Ratings and Research has affirmed its rating on the bank loan facilties of the company at 'IND AA-' with 'stable' outlook. India Ratings and Research stated that the affirmation reflects JKTILs strong market position in the truck and bus tyres segment, both bias as well as radial, and an improving product mix with a higher proportion of margin-accretive products in the overall revenue contribution. Furthermore, with an improved capacity utilisation across product categories and geographies, the companys revenue grew at CAGR of 11% over FY20-FY25. During FY25, the companys revenue and EBITDA levels plummeted amid a demand slowdown in the commercial vehicle (CV) segment as well as in its overseas entity while its EBITDA margins moderated on account of a significant rise in the raw material prices during the year. As a result, the companys net leverage elevated in FY25, and is likely to remain high in FY26 as well amid the large capex planned out in its Indian operations. However, with a likely improvement in the demand scenario, improved capacity utilisation and an anticipation of a stable raw material prices, would help to keep net leverage within Ind-Ras rating trigger. The ratings also reflects JKTILs diversified revenue base and improving brand presence across segments. JK Tyre & Industries (JKTIL) is a leading tyre manufacturer in India. JKTIL operates through nine plants in India and two in Mexico, with an installed capacity of 35 million tyres annually. The scrip fell 1.80% to currently trade at Rs 361 on the BSE today.


Time of India
16-06-2025
- Automotive
- Time of India
Motorsport needs PPPs for a long drive in India: Executives
Motorsport in India show immense promise but require strong public-private partnerships (PPP) for sustainable growth, industry executives said, citing the Uttar Pradesh government's deal to host MotoGP as a positive step. Despite having hosted marquee events like Formula One (F1) and MotoGP in the past, regulatory and taxation challenges led to F1's exit from the country. Both F1 and MotoGP have over 50 million fans in India. Industry executives added motorsport holds the potential to boost tourism, generate employment and drive infrastructure development. However, they cautioned that without supportive policies and active government backing, this potential will remain untapped. "We see a fully structured and inclusive motorsport ecosystem getting built out in India, which definitely needs a two-way partnership-government putting in, private sectors coming in-with support through policy frameworks, funding, and a strong emphasis on the educational threshold that's needed," said Anshuman Singhania, MD, JK Tyre & Industries. He added that an equally critical factor is how the sport gains popularity and how people begin to view it as a viable career path. Narain Karthikeyan, India's first F1 racer, was a JK Tyre prodigy. "JK Tyre will continue to invest in people and technology to make India a global motorsport hub," he said, noting that up to 15per cent of the company's annual marketing budget is allocated to motorsport. "Over the past decade, JK Motorsport has invested approximately '200 crore in the development of motorsport-ranging from infrastructure creation and support for both emerging and established talent, to building intellectual properties, collaborating with existing events, and more," he noted. Vicky Chandhok, vice-president of Madras Motor Sports Club and former president of FMSCI, said red tape and tax-related issues had forced F1 to exit India due to lack of government support. However, he said that the UP government's backing to keep MotoGP in the state has raised hopes. "Today, we often say that India is one of the most technologically advanced countries in the world-and rightly so. But if we truly believe that, we must embrace Formula 1 and MotoGP. These are among the most technologically advanced sports globally, and many corporates are keen to partner with such events-even if it's just for a single India round," Chandhok said. He noted that F1 and MotoGP, being globally popular sports with billions of viewers, can deliver significant economic value to the country and help build Brand India.


Time of India
15-06-2025
- Automotive
- Time of India
Motorsport needs PPPs for a long drive in India: Executives
Motorsport in India show immense promise but require strong public-private partnerships (PPP) for sustainable growth, industry executives said, citing the Uttar Pradesh government's deal to host MotoGP as a positive step. Despite having hosted marquee events like Formula One (F1) and MotoGP in the past, regulatory and taxation challenges led to F1's exit from the country. Both F1 and MotoGP have over 50 million fans in India. Industry executives added motorsport holds the potential to boost tourism, generate employment and drive infrastructure development. However, they cautioned that without supportive policies and active government backing, this potential will remain untapped. "We see a fully structured and inclusive motorsport ecosystem getting built out in India, which definitely needs a two-way partnership-government putting in, private sectors coming in-with support through policy frameworks, funding, and a strong emphasis on the educational threshold that's needed," said Anshuman Singhania, MD, JK Tyre & Industries. He added that an equally critical factor is how the sport gains popularity and how people begin to view it as a viable career path. Narain Karthikeyan, India's first F1 racer, was a JK Tyre prodigy. Live Events "JK Tyre will continue to invest in people and technology to make India a global motorsport hub," he said, noting that up to 15% of the company's annual marketing budget is allocated to motorsport. "Over the past decade, JK Motorsport has invested approximately '200 crore in the development of motorsport-ranging from infrastructure creation and support for both emerging and established talent, to building intellectual properties, collaborating with existing events, and more," he noted. Vicky Chandhok, vice-president of Madras Motor Sports Club and former president of FMSCI, said red tape and tax-related issues had forced F1 to exit India due to lack of government support. However, he said that the UP government's backing to keep MotoGP in the state has raised hopes. "Today, we often say that India is one of the most technologically advanced countries in the world-and rightly so. But if we truly believe that, we must embrace Formula 1 and MotoGP. These are among the most technologically advanced sports globally, and many corporates are keen to partner with such events-even if it's just for a single India round," Chandhok said. He noted that F1 and MotoGP, being globally popular sports with billions of viewers, can deliver significant economic value to the country and help build Brand India.


Mint
09-06-2025
- Automotive
- Mint
The three keys to staying ahead of your to-do list
Anshuman Singhania's early days at the office were spent on the shop floor, stationed at different manufacturing locations to understand the business of tyres. His interaction with colleagues across age groups and at various levels made him realise the importance of teamwork and the value of empathy in leadership. 'Understanding ground realities, developing listening skills, navigating people-related matters and deep process knowledge are critical for informed business decisions. Those early experiences are very dear to me, as they have shaped the person I am today," says New Delhi-based Singhania, 45, Managing Director, JK Tyre & Industries. A lot of the learning was put into practice when he took over as Managing Director in 2020 during the Covid-19 pandemic. He prioritised the safety and security of the workforce and focussed on sustained operations at the enterprise to get through the difficult times. 'Working with my core team, we de-prioritised business growth in that year, instead choosing to lead with empathy. Overcoming the pandemic as a team helped strengthen our culture to bring agility to our organisation," he says. Singhania talks to Lounge about mentorship and the importance of good communication. Who do you consider your mentor? I didn't have to go too far to find a mentor. My uncle, Dr Raghupati Singhania, CMD of JK Tyre, has been my mentor. I have learnt much from him, including humility, setting and achieving challenging goals, and how to lead. I deeply value his continued mentorship, which has been instrumental in my journey. One major insight you worked on with your mentor's guidance? For many decades, we have been driven by the theme of 'Make in India, for India'. A key insight was that with our improved product quality, portfolio and brand strength, we could expand this to 'Make in India, for the World'. With my mentor's guidance, we at JK Tyre decided to make this happen. Over the past few years, we have executed an enterprise acquisition in Mexico, along with technology partnerships in Italy and with IIT Chennai, to now be recognised as an 'Indian-born global tyre company'. There are many miles to go, of course, but I am already proud of the way we have pivoted the company to achieve this. What does being a mentor mean to you? How do you mentor your colleagues at work? Being a mentor means empowering others to reach their full potential. For me, open communication, active listening and cross-functional teamwork are keys to workplace success, and I try to inspire my colleagues to adopt these values in their day-to-day lives. What's your morning schedule like? Health and fitness have always been the No.1 priority for me, so I start each day with my regular workout regime. It sets a productive tone for the day and helps me prepare mentally for the day ahead. What are some of the productivity principles you follow that have made your professional and personal life much easier? Productivity comes from a disciplined and balanced approach to work and life. I prioritise meticulous planning, effective time management and leveraging technology solutions when suitable. What's the one positive work routine you have developed during the pandemic? During the pandemic, I ensured continuity of communication with my team through virtual check-ins. I found that these quick reviews helped enhance alignment and boost morale. I have continued this routine ever since, engaging directly, quickly and efficiently. This ensures collaboration and clarity across teams. Any book or podcast you would recommend about mentorship and growth? I regularly listen to various podcasts on current affairs and growth, such as BBC Global, Huberman Labs and Dave Asprey. I love reading The Economist magazine end-to-end. I've gained a lot from these and would recommend them for continuous learning. How do you unwind? Do you pursue any serious hobbies? I unwind when I am with family and friends. I also spend time regularly in the gym and cycling. These activities help me recharge and maintain a healthy balance. Also read: Why the office needs to embrace Gen Z's work attitude


Time of India
06-06-2025
- Automotive
- Time of India
JK Tyre targets 1 mn unit capacity expansion in FY26; bets on digitalisation for efficiency
JK Tyre is looking to ramp up its manufacturing capacity in the current fiscal while also focusing on digitalisation of its operations to improve overall efficiency, said a top official of the company. 'We are basically increasing by another million. So, we are increasing capacity in passenger tyres, as well as in trucks and light trucks,' Anil Kumar Makkar, group chief sustainability officer, JK Organisation and manufacturing director, JK Tyre & Industries, told ETAuto. The Delhi-headquartered company will expand its tyre manufacturing capacity from 29 million units to about 30.5 million units in FY26, aided by the ₹1,400 crore capital expenditure (Capex) earmarked for the fiscal. The overall expansion will be driven by an increase in the capacity of its existing plants in Banmore, Madhya Pradesh, and Uttarakhand, Makkar said. The Banmore facility's capacity will be expanded from 20,000 to 30,000 tyres daily in the fiscal year 2026, with the balance being driven by the Uttarakhand plant. The company will majorly focus on increasing the production of radial tyres, a segment that currently serves the passenger car, truck, and light truck sectors. Digital Drive Across JK Tyre's Plants In order to achieve operational efficiency, the company is betting big on automation, enabled by artificial intelligence (AI) and machine learning (ML). The adoption has helped it reduce complaint resolution time from 20 days to just 20 minutes. At the Chennai plant, the tyre major has implemented digital traceability with barcode tracking from raw materials to finished goods. With data-backed decisions, Makkar said the company has been able to achieve a 'significant enhancement in efficiency'. 'We use data scientists to analyse data and identify gaps where we can improve. This has helped us increase the company's capacity by over 14 per cent,' he added. The company's Chennai and Banmore plants are almost fully equipped with the latest technologies, while the Uttarakhand plant is currently transforming. On the other hand, the Mexico plant is being modernised with the latest machinery to manufacture larger rim sizes of 18 inches to 21 inches. It currently serves the US market. With the incorporation of AI and digitalisation in the company's plants, the tyre major also aims to upskill its current workforce. Sustainability Initiatives The tyremaker has also set ambitious sustainability targets, including becoming carbon neutral by 2050. Currently, renewable energy accounts for 57 per cent of standalone operations, and approximately 45 per cent of the company's overall operations include the Cavendish acquisition. 'We are targeting around 70 per cent renewable power and also looking at roughly 60 to 65 per cent biomass usage…which will probably require some investment to upgrade boilers and related infrastructure. That is all fully planned,' the executive said.