Feb 03, 2023

Press Release JK Tyre Q3FY23 - final

Consolidated Rs. Crore Q3FY23
Net Revenues 3,623
EBIDTA Margin 9.6%
Profit Before Tax 113
Profit After Tax 67

New Delhi, February 20, 2023: Indian tyre major, JK Tyre & Industries in their ongoing endeavor to further strengthen their retail presence across the country, today inaugurated six new JK Tyre Steel Wheels-Brand shops in Northern India covering Haryana, Uttar Pradesh and Rajasthan. Mr. Anuj Kathuria, President (India), JK Tyre & Industries virtually inaugurated the Brand Shops in the presence of company officials and other guests.

The newly inaugurated JK Tyre Steel Wheels-Brand Shops are located in Faridabad, Alwar, Nokha, Meerut, Bundanpur and Rewari will cater to existing as well as potential customer’s requirement with ease. With these new additions, JK Tyre now has 221 Brand shops in North India. These outlets are strategically located to build brand’s connect with the customers in these markets. These are one-stop shops offering end-to-end care for complete tyre sales and services requirements for our consumer including computerized wheel alignment, wheel balancing, automated tyre changing, tyre rotation, nitrogen inflation and air care, all under one roof.

To offer complete solutions to its customers through premium services and products, the company also launched a new range of SUV tyres-Ranger HPe and Ranger X-AT in Delhi and neighboring regions. Part of a pan-India launch, the two new products will further enhance the existing portfolio of the company’s extremely successful Ranger series.

At the launch, Mr. Anuj Kathuria, President (India), JK Tyre & Industries said, “At JK Tyre, we strongly pursue a customer first approach by catering to their needs through innovative and quality products and after sales service. We are bullish on network expansion through our Steel Wheel Brand shops and the six new outlets are a step forward to reinforce our retail presence in this part of the country. Additionally, the launch of Ranger HPe and Ranger X-AT in the region will offer an elevated experience to SUV owners and will augment our presence in this rapidly growing segment.”

Amongst the cutting-edge technologies offered by JK Tyre, ‘Ranger’ is a multi-terrain, high performance SUV tyre series meant for all adventure enthusiasts. The new tyres featuring the most advanced technologies that are developed specifically to cater to the unique mechanics and driving dynamics of modern-day SUVs.

Technology and R&D being the driving force at JK Tyre, the new RANGER HPe is designed to cater to the fast growing EV demand. Developed with XPolymer3 technology makes it the most durable, safest and fuel-efficient tyre for the Indian road. The superior grip and handling with reduced noise even at higher speeds gives the customers an enhanced driving experience

To cater to handle extreme terrains, the RANGER X-AT is specially developed considering the varied terrains of the country. With a sporty exterior, it boasts of technology that improves steering stability and durability of the tyre.

The recent product launches are testimony of the company’s R&D capabilities, innovation and ability to be a trendsetter in the market.