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Indian Tyre Industry major, JK Tyre & Industries Ltd.
announced its annual audited financial results for FY2023. The Board has
recommended a dividend @ 100% (Rs.2 per share having face value of Rs.2 each)
Commenting on the results, Dr. Raghupati Singhania, Chairman and Managing
Director (CMD), said, “JK Tyre has achieved highest ever revenues of Rs.14,681 crore
during FY2023, registering a growth of 22%. This is on account of growth in domestic
demand witnessed in key segments, viz., commercial and passenger vehicle tyres.
Exports have also performed well, despite global headwinds.
Operating margins improved sequentially in the 4th quarter of the financial year 2023,
aided by softening in input costs. We remain optimistic on tyre Industry growth path
in coming year, buoyed by uptick in economic activities and the big push in
infrastructure growth.
JK Tyre’s subsidiaries Cavendish Industries Ltd. and JK Tornel, Mexico performed well
with improved volumes, revenues and profitability.
He further added “with a focus on innovation and a commitment to excellence, we will
continue to deliver high-quality and innovative products to our customers. Ultra High
Performance Tyre – ‘Levitas Ultra’ range is one of such recent launches, to bolster our
product positioning and focus on premiumisation in marketspace”.
Furthermore, IFC, a member of the World Bank Group, has invested Rs.240 crore (USD
30 Million) in the company by way of CCDs, which reflects its confidence in the future
of the company and the Tyre Industry at large.

The flagship company of JK Organisation, JK Tyre & Industries Ltd is amongst the top 22
manufacturers in the world. Pioneers of radial technology, the Company produced the first
radial tyre in 1977 and is currently the market leader in Truck Bus Radial segment. The
Company provides end-to-end solutions across segments of passenger vehicles, commercial
vehicles, farming, Off-the-Road and two & three-wheelers.
The Company has 12 globally benchmarked ‘sustainable’ manufacturing facilities - 9 in
India and 3 in Mexico – that collectively produce around 33 million tyres annually. The
Company also has a strong network of over 6000 dealers and 650+ dedicated Brand shops
called as Steel Wheels, Truck Wheels and Xpress Wheels. JK Tyre exports to over 100
countries with over 180 global distributors.

JK Tyre’s unwavering commitment towards innovation is reflected through its state-of-the-
art global research and technology centre – the Raghupati Singhania Centre of Excellence -

in Mysore, which houses some of the world’s finest technologies and techniques.
JK Tyre launched India’s first ever ‘Smart Tyre’ technology-and introduced Tyre Pressure
Monitoring Systems (TPMS) which monitors the tyre’s vital statistics, including pressure
and temperature. In 2020, the company rolled out its 20 millionth Truck/Bus Radial tyre
becoming the first and the only Indian company to achieve this milestone.
JK Tyre is the only Indian tyre manufacturer to be included in the list of Superbrands India
in 2021 for the eighth consecutive year. Additionally, JK Tyre was featured among India’s
Best Companies to Work For in 2022 by Great Place to Work. Another remarkable addition
to the list of the brand's accolades is being a 4-time recipient of the Economic Times -
Iconic Brand of the Year Award. JK Tyre has been conferred with most coveted Safety
award in the world -the Sword of Honour for Safety across its plants by the British Safety
Council, UK. The company entered the Limca Book of Records with the country’s largest
off-the-road tyre - VEM 04.
JK Tyre secures ‘Best in Class’ rating in ESG performance - CareEdge has undertaken ESG
rating of the Company. JK Tyre also received award to be among the India’s top 30 Most
Sustainable companies, organized by Business world.
JK Tyre is also synonymous with motorsport in the country. For over three decades, the
Company has relentlessly worked towards shaping India’s positioning as the motorsport
hub of Asia, developing the right infrastructure for the sport and promoting young talent in
the arena.

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