JK Tyre secures USD100 million sustainability-linked loan from IFC
By RACE Innovations Pvt Ltd - 25th June 2025
JK Tyres' tyre plant in Banmore, Madhya Pradesh
India – Tyre maker, JK Tyre & Industries Ltd1 of New Delhi has secured a USD 100 million sustainability-linked loan from International Finance Corporation (IFC)2 to support expansion of its tyre manufacturing operations and advance green manufacturing practices. The funding includes USD30 million allocated to JK Tyre & Industries Ltd and up to USD70 million to Cavendish Industries Ltd (CIL), its majority-owned subsidiary. The investment is to be directed towards scaling up Passenger Car Radial (PCR) tyre production at JK Tyre’s Banmore plant in Madhya Pradesh and Truck and Bus Radial (TBR) tyre production at CIL’s Laksar plant in Uttarakhand.
This initiative aims to promote energy-efficient tyre manufacturing, strengthen domestic supply chains, and create employment opportunities, aligning with JK Tyre’s broader commitment to sustainable industrial development and innovation in the automotive sector.
