|Project Location : Sriperumpudur, Tamil Nadu|
|Project Capacity :|
J K Tyres is planning to set up a new manufacturing facility in Sriperumpudur near Chennai with an investment of Rs. 15000 million. It will manufacture truck tyres and passenger car radials. Currently, the company has five manufacturing bases in India, including one near Mysore and a acquired plant in Mexico. The passenger car radials is likely to be manufactured by end of 2011.
Metro Tyres, a leading manufacturer of two-wheeler tyres is planning to invest Rs. 500 million to expand its Ludhiana unit from 50,000 units /month to 150,000 units per month. The replacement market is witnessing a boom and the company intends to cash most of it. It has already signed an technology agreement with Continental AG of Germany to set up state-of-the-art plant in Ludhiana.
The company is planning to invest Rs. 1000 million to set up a greenfield unit in Manesar besides increasing its motorcycle tyre capacity to 4 lakh units /month. Currently, the company has 25% share in the bicycle tyre market in India.