ICICI Securities Ltd | Retail Equity Research JK Tyres & Industries (JKTIL) is one of the leading player in the M&HCV; truck bus radial (TBR) segment with market share >30%. In the passenger car radial (PCR) segment, it has a share of >12% in India. We remain positive on JKTIL's growth prospects as 1) the decline in import of Chinese tyre will further expand its market share, 2) the recent correction in natural rubber (NR) prices, coupled with cumulative price hike of ~10% in the last six months will support its margins, 3) higher utilisation at...