Chennai: Competition is fierce, the Competition Commission is investigating, OEM demand is just starting to accelerate and global natural rubber production is falling-the tire industry has had an eventful year so far. For market leader JK, Tire This is the perfect time to expand the region, reduce costs and prepare for automotive innovation. Partnering with TOI. In an exclusive chat, JK Tire CMD Raghupati Singhania talks about the challenges facing his company and the industry. Refinement.

Recently, tire companies have been expanding overseas through mergers and acquisitions to reduce their dependence on India. What about JK? Your Tornel Mexico subsidiary underperformed in the first quarter. Are you thinking about more global territories and more M&A?

Certainly, we are looking for strategic partnership opportunities in low-cost countries. We are currently exploring other opportunities in markets like ASEAN and Africa. While India is our largest base and major country, we don’t want to be overly dependent on it. for trump Overall, market turmoil in Latin America hit profitability in the quarter. But overall, toner performed well. We have good profitability and good cost savings.

CCI has ordered a price cartel complaint probe against top 5 tire companies including JK. How will you respond to this investigation? CCCI has ordered a price cartel complaint against top 5 companies including JK.