New Delhi, November 8, 2021: JK Tornel Mexico, JK Tyre’s wholly owned subsidiary has been performing extremely well. It has registered a record high sale in the month of October 2021 and emerged with leading market share in the PCR range as also bias tyres, it produces. Over the time it has also become the largest supplier to Mass merchandisers viz. Walmart. In addition, JK Tornel has significantly strengthened its position in LATAM markets.
“We are extremely happy with our Mexican operations which are expanding aggressively in the North, Central and South American markets,” says Mr. Arun K Bajoria, Director & President (International Operations).
JK Tyre’s export from India have also registered an impressive 96% growth and clocked Rs 930 crores in H1.
JK Tyre has been going strong with domestic sales growing over 35% during the period April-October 2021 over corresponding period. JK Tyre is now the largest exporter of On Highway tyres from India.
Continued thrust on technologically advanced products specially developed for targeted markets, has enabled the company to drive profitable growth in exports. Increase in the demand and preference for JK Tyre brand truck and passenger radials grew across markets including demanding geographies like Europe and North America.
JK Tyre recently launched India’s first ‘Smart Tyre’ backed by an aggressive 360o media campaign resulting in excellent customer connect and response and significant growth in passenger vehicle tyre category.