India's largest maker of tyres for buses and trucks, JK Tyre & Industries, on Wednesday said the company has consolidated its technology and R&D (research and development) hub at Mysuru.

The company inaugurated Global Research & Technology centre in Mysuru, which is part of the Harishankar Singhania Elastomer and Tyre Research Institute (HASETRI).

In an interview to CNBC-TV18, Raghupati Singhania, chief managing director, said JK Tyre started investing in R&D way back in the 80’s, so that the company has to compete with large multinational companies (MNCs).

According to Singhania, JK Tyre introduced over 180 new products in 2018 and is ready with passenger car tyres for e-vehicles with ultra-low resistance.

“So we propose to continue to develop newer products, more products with better value proposition, with better properties for behaviour and economy,” Singhania added.

Talking about business outlook, Singhania said JK Tyre is looking at an uptick in demand for passenger cars and commercial vehicles tyres, "The production of original equipment manufacturers too is going up. Therefore, business prospects in terms of volume growth looks good."