JK Tyre to set up R&D centre in Mysuru
JK Tyre and Industries will set up a new R &D Centre in Mysuru to combine all the company’s R&D efforts across several locations under one roof, according to a media report.
The company will invest Rs1000 crore to build the centre.
Quoting Raghupati Singhania, Chairman and Managing Director, JK Tyre and Industries, Ltd, Business Line said, “This will house the most modern and advanced equipment manned by highly experienced engineers and scientists with deep insight into material resource, designs, aesthetics and structures.”
At the initial stage, the centre will have 200 engineers and scientists and the number will double during the next one year, said Business Line.
JK Tyre also became the first Indian tyre company to roll out its 10 millionth truck/bus radial tyres from its Vikrant plant at Mysuru. This plant was acquired by the company in the late 1990s and JK Tyre invested Rs 1,200 crore in the plant to modernise and expand operations.