The company expects the Indian tyre industry to grow 7–8% this fiscal, supported by strong domestic replacement demand despite muted OEM sales.
Premiumisation is set to play a key role in boosting margins, with JK Tyre targeting a sharp rise in premium products. In passenger car radials (16-inch and above), the premium mix has increased from 18% in FY23 to 26% currently, with plans to reach 40% in the coming quarters. In truck tyres, its XF, XD, and XM series are gaining traction in both OEM and replacement markets.
India’s tyre industry, with exports exceeding ₹25,000 crore in FY25, grew 10% year-on-year despite global headwinds, aided by investments in capacity expansion, manufacturing efficiencies, and stronger R&D. JK Tyre recently strengthened its PCR (passenger car radial) capacities, consolidating its position among the top players in the segment.
Globally, the company has been ranked among the world’s top 15 strongest tyre brands by Brand Finance, which Singhania described as a testament to JK Tyre’s competitiveness and technological strength. In the EV space, its JUXe tubeless tyres have been fitted in 125 electric buses launched by Ashok Leyland Switch in Chennai.
Singhania added that the company expects the upcoming festive season, recent repo rate cuts, and favorable monsoon conditions to further support consumer sentiment.