JK Tyre to Buy Unit of Birla Tyres

Published: August 10, 2015

JK Tyre BSE & Industries, could be a potential buyer of the Uttarakhand tyre unit of BK Birla flagship Kesoram Industries BSE for Rs 2,000-2,200 crore, according to India Times.

The deal would give JK Tyre a fifth of the Indian market and make the company an equal player with the county’s second largest tiremaker Apollo Tyres.

According to reports, JK Tyre will borrow Rs 1,500 crore from public and private sector banks, including State Bank of India, and the rest of the funds will come from internal accruals.

An official announcement is expected next week.

Yokohama Rubber partners with Haupt Racing Team

Yokohama Rubber said it is aiming for victories at the Nürburgring 24-Hour Race and Nürburgring Langstrecken Serie (NLS) with Advan tires.

By Christian Hinton

Published: April 24, 2024

Yokohama Rubber has signed a partnership agreement with Mercedes-AMG Customer Racing’s Haupt Racing Team (HRT). As part of the Advan Challenge that seeks to maximize sales of Advan tires, Yokohama Rubber said it is aiming for victories at the Nürburgring 24-Hour Race and Nürburgring Langstrecken Serie (NLS) by supplying its Advan racing tires for the Mercedes-AMG GT3 being entered in those races by HRT.