+13% revenue growth in FY
2024–25. Entry into the Passenger Car Radial and Truck & Bus Radial
segments for the Indian market only.
At the Board of Directors meeting held on Friday, May 23, BKT (Balkrishna Industries Ltd.) presented its new five-year strategic plan, aiming to achieve total revenues of INR 23,000 Crores (approximately USD 2.6 billion) by 2030. The plan includes total investments of INR 3,500 Crores (USD 400 million), to be funded primarily through internal funding. It focuses on three main areas: strengthening leadership in the Off-Highway sector, expanding the Carbon Black business, and entering new tire categories for the Indian market.
In the Off-Highway Tires (OHT) segment, BKT will continue to consolidate
its global leadership in the agricultural sector while progressively
strengthening its position in rubber tracks, mining, industrial, and
construction segments. Following the official commercialization of its rubber
tracks, the Board has approved the expansion of the dedicated production
facility, expected to be operational in the second half of 2026. In parallel,
the company will continue to develop its mining range, supported by its
proprietary All-Steel Radial technology up to 57 inches, complementing the
existing Bias range.
Geographically, growth
efforts will focus on the Americas, India, and selected international markets,
while maintaining a steady presence in Europe.
In the Carbon Black business, BKT has built a solid and reliable
foundation over the past three years, positioning itself as a strategic partner
for major tire manufacturers both in India and internationally. In addition,
the company is strengthening its presence in the specialty carbon black
segment, targeting high-performance non-tire applications. This non-tire
segment — which includes both specialty and advanced carbon black grades — is
expected to become a key pillar of growth in BKT’s Carbon Black business.
To support this trajectory,
the Board has approved an expansion of production capacity from 200,000 to
360,000 metric tons per year, which includes the development of advanced carbon
black.
The
project is scheduled for completion by early 2026.
The third strategic pillar
concerns entry into new tires
categories. Following strong results in the Indian OHT segments and
considering the strong Indian economic growth, the company announced the
development and launch of two new product lines for the domestic market: Truck
& Bus Radial (TBR) and Passenger Car Radial (PCR).
TBR tires pilot are
scheduled for launch in Q4 of FY25–26 and then be gradually ramped up, followed
by PCR tires pilot in Q3 of FY26–27 and then be gradually ramped up. These new
verticals are expected to contribute around 20% of overall sales by 2030.
The plan is built on an
integrated and efficient industrial structure, leveraging shared infrastructure
and resources, existing synergies between production hubs, and consolidated
brand investments. This approach will allow BKT to scale without compromising
profitability.
Despite global
macroeconomic volatility, the company closed the fiscal year with record
revenues and volume growth exceeding expectations. In FY 2024–25, BKT reported
revenues of INR 10,615 Crores, marking a +13% increase over the previous year.
This performance confirms the strength of its development model.
“With this development
plan, we are setting a clear and ambitious vision for BKT’s future- built on solid foundations, modularity, and
organic growth. We are entering new product categories with the same focus and
consistency that have driven us in the Off-Highway space, backed by the trust
we’ve earned worldwide.” — Rajiv Poddar, Joint Managing Director, BKT.
As BKT charts this next
phase of growth, the company remains committed to its long-term vision in the
Off-Highway segment. The goal of achieving a 10% global market share in
Off-Highway tires by 2030 stands at the core of its strategy—consolidating
BKT’s position in high-value segments and expanding its presence across strategic
global markets.
With a clear roadmap,
targeted investments, and a modular approach to expansion, BKT is positioning
itself to lead across diverse segments while staying true to its core values of
reliability, performance, and long-term partnerships.
