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Tag: JK

  • JK Tyres Registers Loss Of ₹ 202.15 Crore In Q1 FY2021

    JK Tyres Registers Loss Of ₹ 202.15 Crore In Q1 FY2021

    The Coronavirus crisis has not only disturbed the pace of the auto industry but also of its ancillaries. One of the biggest Tyre manufacturer of India – JK Tyre & Industries has recorded a loss after tax of ₹ 202.15 crore in first of FY2021 as compared to a profit after tax (PAT) of ₹ 15.68 crore in the same quarter last year. The company’s revenue in the same period went down by 55.91 percent at 1,138.14 crore as compared to ₹ 2,581.47 crore in the same period a year ago. JK Tyre’s operating profit in the same quarter took a major hit, witnessing a steep decline of 98.54 percent at ₹ 3.58 crore as compared to ₹ 245.69 crore in the same quarter last year.

    Commenting upon the results, Dr. Raghupati Singhania Chairman and Managing Director – JK Tyres said, “It was indeed one of the toughest Quarters ever. Economic activity, which came to a halt towards the end of the last quarter started slowly in mid-May. Our preparedness to meet replacement demand paid off well. As the lockdown was progressively eased we were able to cater to market demand especially in the commercial segment. In fact, the Company has achieved the highest ever sales in the Replacement market for its India Operations in June 20 which resulted in a growth of approx. 3 percent on YoY basis. OEMs volumes are still reeling from the impact of COVID-19, resulting in sluggish vehicle manufacturing”.

    The company also said in a statement that sales of commercial and two-three wheeler tires did well during the quarter. Plants have started operating from early June, but in terms of sales, the overall demand continues to be subdued.

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  • JK Tyre Launches Blaze Rydr For Premium Indian Motorcycles

    JK Tyre Launches Blaze Rydr For Premium Indian Motorcycles

    JK Tyre has announced the launch of the new ‘Blaze Rydr BR43′ tyre for premium motorcycles in India. These are new radial tubeless tyre and the company will be offering them in size 140/70-17 and will be targeted towards performance-oriented riders. The Blaze Rydr tyre comes with rigid shoulder design for better grip, cornering stability and a specialized tread pattern for better traction and smart water channelling. The company says that the tyre is best-suited for customers who are riding in the cities and highways.

    Vikram Malhotra, Marketing Director, JK Tyre & Industries said, “We develop products that enhance our customers’ driving and riding experience. We have entered the two-wheeler tyre segment recently and the response from the market has been very encouraging. The Blaze Rydr BR43 is another addition to fulfill the requirements of higher CC motorbike riders and we are confident that it will further improve the riding experience of customers. This further reinstates our commitment to meet the emerging needs of the market and introduce tyres that help to maintain pace with changing market requirements.”

    The new tyre comes with advanced cross over groove pattern for enhanced performance and is developed with superior tread rubber. Furthermore, the new Blaze Rydr tyres have been tested in rigorous condition to check for superior ride and handling, and it’s 100 per cent run-out tested against vibration and wobbling as well. The company says that the tyres were even tested on the race tracks by professional riders to determine speed, precision and consistency, and claims that they will allow the riders to experience a comfortable ride with total control.

    JK Tyres has also announced that the complete Blaze two-wheeler range of tyre range comes with a lifetime warranty against manufacturing and non-manufacturing defect under terms and conditions.

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