With 2017's hurdles behind it, JK Tyre to invest close to Rs 5 bn in 2018

JK Tyre is also working on increasing its presence in the two- and three-wheeler segment

Amid a revival in demand and the government's push for 'Make in India', tyre major JK Tyre is planning to invest around Rs 5 billion to increase its capacity. 

JK Tyre & Industries Ltd Director & President (International Operations) Arun Bajoria said that the year 2017 was full of challenges, including the lingering effects of demonetisation and high raw material prices, that impacted the industry in the January-March quarter and the following two quarters, followed by GST-affected production of OEMs, particularly commercial vehicle makers. 

However, things are looking better now as the company looks forward and as most of the economic parameters are