Even as the automotive industry assesses the fallout of Trump’s tariffs sledgehammer, JK Tyre & Industries expects little to no impact as it gears up for strong domestic and international growth this fiscal.
During its Q1 FY26 post-earnings call, company executives reaffirmed their commitment to growth plans, including a ₹1,400 crore capex across FY25 and FY26.
“Only about 3 per cent of our exports go to the US,” said Anshuman Singhania, Managing Director, JK Tyre. “We’re already aligned to divert those volumes to other markets—Mexico, Latin America, Brazil, the UAE, parts of Europe, Africa, and South Asia.”
The company is also exploring an alternative route to continue catering to the US market, exporting directly from its Mexico plant, which currently benefits from zero tariffs under existing trade agreements. “Exports from Mexico to the US are not impacted by the new tariffs. A 90-day extension under zero tariff has been granted, giving us ample time to adjust,” Singhania added.
Double-digit planned growth
Despite global trade uncertainties, JK Tyre expects to achieve double-digit revenue growth in FY26, outpacing the estimated 6 to 8 per cent industry growth as per Singhania. The company attributes this optimism to a combination of strong infrastructure development, stable repo rates, a favourable monsoon, and increased consumer spending during the festive season.
Looking ahead, JK Tyre aims to significantly increase its premium product share, targeting 40 per cent of total revenue from premium tyres by 2027, up from 25 per cent in FY25. The company’s upcoming investments will focus on enhancing capacities in key segments like passenger car radials (PCR), truck and bus radials (TBR), and all-steel radials, with an overall planned production ramp-up of 30 to 40 per cent.
