JK Tyre Projects 9-10% Topline Growth for FY25

Key Highlights:
•    JK Tyre expects 9-10% topline growth in FY25 due to infrastructure spending and rising auto demand.
•    Passenger car and two-wheeler segments are growing well, while commercial vehicle sales remain flat.
•    Exports, previously affected by overstocking and global issues, are expected to recover.

Dr. Raghupati Singhania, Chairman and Managing Director of JK Tyre, predicts a 9-10% topline rise in FY25, driven by government infrastructure investment, rising domestic auto demand, and a recovery in exports.

Singhania further on the growth drivers, stating that infrastructure development momentum is expected to continue. Government initiatives and spending in this sector are expected to continue, providing a solid foundation for the company's expansion.

Domestic Automotive Demand

Singhania further on the growth levers, stating that the passenger car and two-wheeler segments are gaining pace, which he believes will continue, while commercial vehicle sales are expected to remain stable, although slightly higher. 

On the other hand, exports are expected to catch up, stimulating demand. He predicted that the automotive sector as a whole will rise by about 6% during the same time.

The chief executive explained that last year's shipments were flat due to overstocking in the US market and global disruptions such as the Suez Canal issue. However, exports rose in the fourth quarter of last year, which was promising. 

Singhania anticipates exports to take up again as importers and exporters learn to deal with challenges such as the Suez Canal blockade, and expects healthy export growth in the current fiscal year.

Also Read: JK Tyre Introduces 'JK Tyre Shiksha Sarthi Scholarship Scheme'

CMV360 Says

JK Tyre’s optimistic outlook for FY25 reflects confidence in market recovery and strategic growth initiatives. With a focus on leveraging infrastructure projects and adapting to global trade challenges, the company is well-positioned to achieve its projected topline growth.

This positive projection is a promising indicator for stakeholders and the broader automotive industry.