JK Tyre to Invest ₹1.05 Cr in New Dubai Subsidiary

JK Tyre & Industries Ltd announced its Board of Directors has approved an investment of up to AED 4,00,000 (approximately ₹1.05 Crore) in a wholly-owned subsidiary to be incorporated in Dubai, UAE. The new entity, tentatively named JK GLOBAL TRADING FZ CO., will be established with an initial capital subscribed by JK Tyre. The incorporation process will commence shortly, with the subsidiary operating in the automotive tyres, tubes, flaps, and related product segments. This move signifies JK Tyre's strategic expansion into international markets.