JK Tyres SWOT Analysis
Here is a detailed SWOT analysis of JK Tyres covering strengths, weaknesses, opportunities and threats.
JK Tyres Strengths
- They have wide dealership network
- They have built a very good brand name over decades and are an aggressive company
- They have good understanding of customer needs
- They are continuously innovating and improving the efficiency levels
- They have successfully received accreditations of ISO 9000 QS 9001 and ISO 14001
- They are one of the leading tyre exporters of India
- Steel Wheel initiative was implemented as one stop sales and service center.
- Dial a tyre service is an excellent example of innovative concept in tyre industry, with the ordered tyre being delivered at your doorstep.
Above are the strengths in the SWOT Analysis of JK Tyres. The strengths of JK Tyres looks at the key internal factors of its business which gives it competitive advantage in the market and strengthens its position.
JK Tyres Weaknesses
- Limited market share due to the presence of other major brands in the segment
- Low presence in two/three wheeler segment
These were the weaknesses in the JK Tyres SWOT Analysis. The weaknesses of a brand are certain aspects of its business which it can improve.
JK Tyres Opportunities
- Emerging markets and improved lifestyle
- More tie-ups with Automobile companies as it’s mainly into B2B market.
- Horizontal and concentric Diversification
- Improved Infrastructure has fuelled more and more transportation
- Emergence of India as a hub for small car production
Above we covered the opportunities in JK Tyres SWOT Analysis. The opportunities for any brand can include prospects of future growth.
Read more about JK Tyres
JK Tyres Threats
- Price wars
- Stiff competition from national and international brands
- Cheaper technologies
- Volatility in prices and availability of raw material as india’s rubber production is less than its demand.
- Government Policies w.r.t export duties, import duties, tax levied on automobile industries and economic condition of nation as it determines the sale of automobiles.
- Introduction of other transport facilities like metro, monorails and local trains keeping pollution hazards caused by combustion of automobile fuels
The threats in the SWOT Analysis of JK Tyres are as mentioned above. The threats for any business can be external factors which can negatively impact its business.
Hence this concludes the JK Tyres SWOT analysis.
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About JK Tyres
The table below gives the brand overview along with its target market, segmentation, positioning & USP
| JK Tyres Overview | |
|---|---|
| Parent Company |
JK Tyres |
| Category |
Tyre Industry |
| Sector | |
| Tagline/ Slogan |
Pioneer of radials in India; Total Control |
| USP |
Consistent innovation and state of art technology with best quality. |
| JK Tyres STP | |
| Segmentation |
Automobile industry, heavy equipment industry |
| Target Market |
Two/three wheeler, small, luxury, racing and Suv car, truck and bus manufacturing companies and heavy equipment manufacturing companies |
| Positioning |
A customer friendly, aggressive Indian company with very high potential to grow as one of the best brands in international market |
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