JK Tyre & Industries Ltd has outlined a substantial capital expenditure plan of ₹4,900 crore (approximately $590 million USD) aimed at expanding its production capacity by nearly 25% by FY30. This strategic move is driven by the company's confidence in sustained demand for both passenger and commercial vehicles. Raghupati Singhania, chairman and managing director of JK Tyre, emphasized that the majority of the investment—about 90%—will be directed towards enhancing the Chennai facility, specifically to boost passenger car radial (PCR) tyre production. The remaining funds will support the expansion of truck-bus radial (TBR) capacity at the Mysore plant. In its recent financial performance, JK Tyre reported a remarkable 94% increase in net profit to ₹199 crore for the March quarter, with consolidated revenue rising by 12% to ₹4,233 crore. The company is also currently implementing a ₹1,130 crore expansion project, expected to be operational by December, as it seeks to meet the growing demand in the tyre market.