While the rising prices of tyres have been a concern for both the consumers and tyre manufacturers in the country but that is by no means is holding back the bullish expansion plans of the Indian tyre manufacturers.

In a major announcement, the leading tyre maker JK Tyres has recently said that the company is looking at expanding the capacity of the Chennai plant to 5 million tyres.

In fact, the company is also looking at the option of making a re-entry in the fast-growing two-wheeler market. It is to be mentioned here that the company stopped manufacturing of two-wheeler tyres several years ago but it is now evaluating sourcing the same in view of the growth in the two-wheeler industry.

One cannot show back to the fact that the Indian tyre industry is one of most vital part in the Indian automobile growth story and hence, it is expected that the growth rate of the tyre industry will go parallel with the growth rate of the automobile industry as a whole.

For the uninitiated, the automotive industry is currently on a roll and it is expected that it will move on a similar path in the few months to come.