Latest news with #JKTyre
Mint
2 days ago
- Automotive
- Mint
The three keys to staying ahead of your to-do list
Anshuman Singhania's early days at the office were spent on the shop floor, stationed at different manufacturing locations to understand the business of tyres. His interaction with colleagues across age groups and at various levels made him realise the importance of teamwork and the value of empathy in leadership. 'Understanding ground realities, developing listening skills, navigating people-related matters and deep process knowledge are critical for informed business decisions. Those early experiences are very dear to me, as they have shaped the person I am today," says New Delhi-based Singhania, 45, Managing Director, JK Tyre & Industries. A lot of the learning was put into practice when he took over as Managing Director in 2020 during the Covid-19 pandemic. He prioritised the safety and security of the workforce and focussed on sustained operations at the enterprise to get through the difficult times. 'Working with my core team, we de-prioritised business growth in that year, instead choosing to lead with empathy. Overcoming the pandemic as a team helped strengthen our culture to bring agility to our organisation," he says. Singhania talks to Lounge about mentorship and the importance of good communication. Who do you consider your mentor? I didn't have to go too far to find a mentor. My uncle, Dr Raghupati Singhania, CMD of JK Tyre, has been my mentor. I have learnt much from him, including humility, setting and achieving challenging goals, and how to lead. I deeply value his continued mentorship, which has been instrumental in my journey. One major insight you worked on with your mentor's guidance? For many decades, we have been driven by the theme of 'Make in India, for India'. A key insight was that with our improved product quality, portfolio and brand strength, we could expand this to 'Make in India, for the World'. With my mentor's guidance, we at JK Tyre decided to make this happen. Over the past few years, we have executed an enterprise acquisition in Mexico, along with technology partnerships in Italy and with IIT Chennai, to now be recognised as an 'Indian-born global tyre company'. There are many miles to go, of course, but I am already proud of the way we have pivoted the company to achieve this. What does being a mentor mean to you? How do you mentor your colleagues at work? Being a mentor means empowering others to reach their full potential. For me, open communication, active listening and cross-functional teamwork are keys to workplace success, and I try to inspire my colleagues to adopt these values in their day-to-day lives. What's your morning schedule like? Health and fitness have always been the No.1 priority for me, so I start each day with my regular workout regime. It sets a productive tone for the day and helps me prepare mentally for the day ahead. What are some of the productivity principles you follow that have made your professional and personal life much easier? Productivity comes from a disciplined and balanced approach to work and life. I prioritise meticulous planning, effective time management and leveraging technology solutions when suitable. What's the one positive work routine you have developed during the pandemic? During the pandemic, I ensured continuity of communication with my team through virtual check-ins. I found that these quick reviews helped enhance alignment and boost morale. I have continued this routine ever since, engaging directly, quickly and efficiently. This ensures collaboration and clarity across teams. Any book or podcast you would recommend about mentorship and growth? I regularly listen to various podcasts on current affairs and growth, such as BBC Global, Huberman Labs and Dave Asprey. I love reading The Economist magazine end-to-end. I've gained a lot from these and would recommend them for continuous learning. How do you unwind? Do you pursue any serious hobbies? I unwind when I am with family and friends. I also spend time regularly in the gym and cycling. These activities help me recharge and maintain a healthy balance. Also read: Why the office needs to embrace Gen Z's work attitude
Time of India
4 days ago
- Automotive
- Time of India
JK Tyre targets 1 mn unit capacity expansion in FY26; bets on digitalisation for efficiency, ET Manufacturing
Automotive 2 min read JK Tyre targets 1 mn unit capacity expansion in FY26; bets on digitalisation for efficiency The Delhi-headquartered company will expand its tyre manufacturing capacity from 29 million units to about 30.5 million units in FY26, aided by the ₹1,400 crore capital expenditure (Capex) earmarked for the fiscal.
Time of India
4 days ago
- Automotive
- Time of India
JK Tyre targets 1 mn unit capacity expansion in FY26; bets on digitalisation for efficiency
JK Tyre is looking to ramp up its manufacturing capacity in the current fiscal while also focusing on digitalisation of its operations to improve overall efficiency, said a top official of the company. 'We are basically increasing by another million. So, we are increasing capacity in passenger tyres, as well as in trucks and light trucks,' Anil Kumar Makkar, group chief sustainability officer, JK Organisation and manufacturing director, JK Tyre & Industries, told ETAuto. The Delhi-headquartered company will expand its tyre manufacturing capacity from 29 million units to about 30.5 million units in FY26, aided by the ₹1,400 crore capital expenditure (Capex) earmarked for the fiscal. The overall expansion will be driven by an increase in the capacity of its existing plants in Banmore, Madhya Pradesh, and Uttarakhand, Makkar said. The Banmore facility's capacity will be expanded from 20,000 to 30,000 tyres daily in the fiscal year 2026, with the balance being driven by the Uttarakhand plant. The company will majorly focus on increasing the production of radial tyres, a segment that currently serves the passenger car, truck, and light truck sectors. Digital Drive Across JK Tyre's Plants In order to achieve operational efficiency, the company is betting big on automation, enabled by artificial intelligence (AI) and machine learning (ML). The adoption has helped it reduce complaint resolution time from 20 days to just 20 minutes. At the Chennai plant, the tyre major has implemented digital traceability with barcode tracking from raw materials to finished goods. With data-backed decisions, Makkar said the company has been able to achieve a 'significant enhancement in efficiency'. 'We use data scientists to analyse data and identify gaps where we can improve. This has helped us increase the company's capacity by over 14 per cent,' he added. The company's Chennai and Banmore plants are almost fully equipped with the latest technologies, while the Uttarakhand plant is currently transforming. On the other hand, the Mexico plant is being modernised with the latest machinery to manufacture larger rim sizes of 18 inches to 21 inches. It currently serves the US market. With the incorporation of AI and digitalisation in the company's plants, the tyre major also aims to upskill its current workforce. Sustainability Initiatives The tyremaker has also set ambitious sustainability targets, including becoming carbon neutral by 2050. Currently, renewable energy accounts for 57 per cent of standalone operations, and approximately 45 per cent of the company's overall operations include the Cavendish acquisition. 'We are targeting around 70 per cent renewable power and also looking at roughly 60 to 65 per cent biomass usage…which will probably require some investment to upgrade boilers and related infrastructure. That is all fully planned,' the executive said.
Mint
27-05-2025
- Automotive
- Mint
CEAT, MRF among 4 tyre stocks that zoomed up to 22% following Q4 numbers. Do you own any?
Tyre stocks in focus: Shares of CEAT, JK Tyre & Industries, and MRF have surged following the release of their March quarter results. Strong financial performance, upbeat management commentary, and continued bullish sentiment from analysts have encouraged investors to increase their exposure to the tyre sector, driving stock prices up by over 20%. Ceat's share price has jumped from ₹ 3,060 to ₹ 3,728 over 16 trading sessions, resulting in a 22% gain following the release of its March quarter results on April 30. The strong performance also pushed the stock past the ₹ 4,000 mark for the first time, hitting a fresh all-time high of ₹ 4,044 apiece. Likewise, JK Tyre's share price rose over 9% after its March quarter results, while MRF gained 7% following its Q4 figures. Apollo Tyres also saw its share price increase by 5.5%. Despite tepid demand for new tyres during the reporting quarter, strong replacement demand from retail customers supported healthy volume growth for tyre manufacturers. In recent quarters, sluggish passenger vehicle sales have prompted tyre makers to increasingly rely on the replacement market to drive overall volumes. A key positive in the March quarter was the stability in raw material prices compared to Q3. However, some of that benefit was partially offset by the depreciation of the rupee against the US dollar. Tyre companies also implemented price hikes during the year, which helped cushion the impact of elevated input costs. Looking ahead to FY26, tyre companies have shared a positive outlook. CEAT expects continued double-digit growth, driven primarily by rising demand in the premium tyre segment. The company recently launched three new premium tyres — Run Flat Tyres, Z-rated 21-inch radials, and CALM tyres designed for EVs. CEAT currently holds a market share of 20–25% in the electric two-wheeler (E2W) and electric passenger vehicle (E-PV) segments and aims to maintain this share through new order wins. JK Tyre also noted that its premiumization strategy is yielding positive results. Its premium products — including Leuitas Ultra, Smart Tyre, Ranger Series, and Puncture Guard tyres in the passenger vehicle segment, along with the XF, XM, and XD series in the commercial segment —the company said are witnessing strong market traction. Analysts remain optimistic about the tyre sector's outlook, citing improving margin potential driven by a sharp decline in crude oil-based raw material costs and easing domestic rubber prices. Crude oil prices have fallen nearly 18% so far this year, which is expected to benefit oil-sensitive sectors like tyres. Following the strong March quarter performance, several domestic and global brokerage firms have reaffirmed their positive stance on leading tyre companies. Japanese brokerage firm Nomura upgraded CEAT stock to 'buy' from Neutral, raising its target price to ₹ 3,945 from ₹ 3,051. Emkay Global also maintained a 'buy' rating and increased CEAT's share price target to ₹ 4,100, while Motilal Oswal reiterated its 'buy' rating with a target of ₹ 3,818, noting CEAT's strategic focus on segments like passenger vehicles, two-wheelers, off-highway tyres, and exports, along with disciplined capex, is likely to support long-term margin and free cash flow improvement. Global brokerage CLSA raised its price target on MRF, one of India's most expensive stock, to ₹ 168,426 from ₹ 128,599, maintaining its 'outperform' rating. CLSA's new target is the highest on the Street, surpassing Anand Rathi's earlier peak of ₹ 160,000. CLSA added that MRF's superior product portfolio has enabled it to outperform peers and could help it generate free cash flow of ₹ 2,700 crore by FY27. In the case of Apollo Tyres, Motilal Oswal maintained its 'buy' rating with a target price of ₹ 554. ICICI Securities also reiterated its 'buy' call, raising the price target to ₹ 555 from ₹ 520. Nomura, meanwhile, adjusted Apollo Tyres' target price to ₹ 490 from ₹ 470 but retained a 'neutral' rating. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
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Business Standard
25-05-2025
- Automotive
- Business Standard
Amid tariff jitters, tyre makers adopt strategies to safeguard margins
Despite low US exposure, Indian tyre makers are crafting mitigation strategies to address looming tariff threats and persistent margin pressures due to high input costs Anjali Singh Mumbai Listen to This Article Despite low exposure to the US, Indian tyre companies are drawing up measures to offset the impact of potential tariffs at a time when raw material prices are already denting margins. Leading players such as Ceat, Apollo Tyres and JK Tyre downplayed the immediate financial impact of potential US tariffs and retaliatory duties from countries such as Sri Lanka, citing their limited current exposure to the US market. Ceat Managing Director Arnab Banerjee said US sales form a low single-digit share of overall revenue, while Apollo CFO Gaurav Kumar pegged the company's US exposure at $100 million out of
