By Priya Singh
3122 Views
Updated On: 05-Feb-2025 06:28 AM
The company aims to enhance both customer engagement and manufacturing processes using AI-powered insights.
Key Highlights:
JK Tyre, a leading tyre manufacturer, will leverage its newly established Digital & Analytics Centre of Excellence to improve its operations through advanced analytics and artificial intelligence (AI). The company aims to enhance both customer engagement and manufacturing processes using AI-powered insights.
Managing Director Anshuman Singhania stated that the company is strengthening its analytics capabilities further. The new centre will focus on AI modelling to improve overall business efficiency. Currently, 70 engineers and data scientists are working at the excellence centre to drive digital initiatives.
Appointment of Dr. Arun Kumar Jaura as CTO
In a strategic move, JK Tyre has appointed Dr. Arun Kumar Jaura as its Chief Technology Officer (CTO) to enhance its technology and R&D capabilities.
Dr. Jaura has over four decades of experience in R&D, sustainability, automotive product development, and hybrid vehicle engineering. He holds degrees from IIT Madras and Concordia University, Canada, along with executive education from Harvard Business School and the University of Michigan.
A key contributor to India's electric mobility sector, Dr. Jaura has been part of the Government’s National Mission on Electric Mobility since 2013. He also holds leadership roles in the Indo-French Chamber of Commerce & Industry and the European Advisory Committee for Sustainable Development.
JK Tyre Reports Strong Q3 FY25 Performance
JK Tyre reported a net profit of Rs. 57 crore in Q3 FY25, with revenues of Rs. 3,694 crore and an EBITDA of Rs. 335 crore. Despite rising raw material costs, the company managed margins through price adjustments and cost optimization. Strong demand in the replacement segment, OEM recovery, and export opportunities indicate a positive outlook. Its subsidiaries, Cavendish Industries and JK Tornel, contributed to growth.
Sustainability Initiative: India's First Sustainability Linked Loan
JK Tyre became the first Indian tyre manufacturer to secure a Sustainability Linked Loan (SLL) from the International Finance Corporation (IFC). JK Tyre is focusing on premium products, digital transformation with its Digital & Analytics Centre, and sustainability.
Global Market Presence
JK Tyre operates 11 globally benchmarked manufacturing facilities—nine in India and two in Mexico—producing around 35 million tyres annually. It serves passenger vehicles, commercial vehicles, farm equipment, off-road vehicles, and two & three-wheelers, exporting to over 100 countries through 230+ global distributors.
CMV360 Says
JK Tyre’s focus on AI-driven analytics and leadership expansion reflects its commitment to innovation and efficiency. The appointment of Dr. Arun Kumar Jaura brings strong expertise, especially in the fields of electric mobility and R&D. Despite challenges in the market, the company’s strong financial performance and strategic investments indicate a promising future. Its emphasis on premium products and sustainability further strengthens its position in the market.
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