BKT Sets Ambitious $2.6 Bln Revenue Target as Indian Tyre Giant Plots Strategic Expansion
- By TT News
- May 26, 2025
Mumbai-based manufacturer outlines five-year plan with new market entries and USD 400m investment programme
Balkrishna Industries Ltd (BKT), one of India’s leading tyre manufacturers, has unveiled an ambitious strategic roadmap targeting revenues of USD 2.6 billion by 2030, representing a significant expansion from its current operations focused primarily on off-highway tyres.
The Mumbai-headquartered company presented its five-year plan to the board of directors, outlining total investments of USD 400 million to be funded predominantly through internal resources. The strategy centres on three core pillars: reinforcing its leadership position in off-highway segments, expanding carbon black operations, and entering new tyre categories specifically for the Indian domestic market.
BKT reported record revenues of INR 106.15 billion for fiscal year 2024-25, marking a robust 13 percent increase over the previous year despite challenging global macroeconomic conditions. This performance has provided the foundation for the company’s ambitious expansion plans.
The most significant strategic shift involves BKT’s entry into passenger car radial (PCR) and truck & bus radial (TBR) tyre segments, departing from its traditional focus on agricultural and industrial applications. Both new product lines will target exclusively the Indian market, with TBR pilot launches scheduled for Q4 of FY25-26, followed by PCR pilots in Q3 of FY26-27. The company expects these new verticals to contribute approximately 20 percent of overall sales by 2030.
“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,” said Rajiv Poddar, Joint Managing Director of BKT.
In its established off-highway tyre (OHT) segment, BKT will continue consolidating its global agricultural leadership while strengthening positions in rubber tracks, mining, industrial, and construction applications. Following the successful commercialisation of rubber tracks, the board has approved expanding the dedicated production facility, which is expected to become operational in the second half of 2026.
The company plans to leverage its proprietary All-Steel Radial technology for mining applications, developing tyres up to 57 inches to complement its existing bias range. Geographically, growth efforts will concentrate on the Americas, India, and selected international markets whilst maintaining a steady European presence.
BKT’s carbon black division represents another growth engine. Over the past three years, it has established itself as a strategic partner for major tyre manufacturers domestically and internationally. The company focuses on speciality carbon black segments targeting high-performance non-tyre applications, including speciality and advanced carbon black grades.
Production capacity will expand from 200,000 to 360,000 metric tonnes annually to support this trajectory, incorporating advanced carbon black development. The project is scheduled for completion by early 2026, positioning BKT to capitalise on growing demand in both tyre and non-tyre applications.
The strategic plan emphasises an integrated industrial structure leveraging shared infrastructure, existing synergies between production hubs, and consolidated brand investments. This approach aims to enable scaling without compromising profitability—a critical consideration as BKT diversifies beyond its traditional market segments.
Despite the expansion into new categories, BKT remains committed to its core off-highway vision, targeting a 10% global market share in off-highway tyres by 2030. This goal underpins the company’s strategy of consolidating positions in high-value segments whilst expanding its presence across strategic international markets.
The announcement comes as India’s tyre industry benefits from strong domestic economic growth, providing favourable conditions for BKT’s market expansion. The company’s existing portfolio spans over 3,600 products sold across 163 countries worldwide, primarily serving agricultural, industrial, earthmoving, mining, ATV, and gardening sectors.
JK Tyre Launches Specialised OTR Tyre Range At EXCON 2025
- By TT News
- December 10, 2025
JK Tyre & Industries Ltd. has reinforced its commitment to the construction and mining sectors with the launch of four new off-the-road (OTR) tyres at the CII EXCON 2025 trade fair in Bangalore. The products, unveiled by Dr R Mukhopadhyay, Director of R&D, expand the company’s specialised portfolio, focusing on application-specific performance for demanding environments.
A key introduction is the all-new SKY GRIP tyre, designed for Aerial Work Platforms and Boom Lifts. The size 355/55D625 tyre aims to provide enhanced stability and superior traction for equipment operating at elevated heights, ensuring safer mobility for articulated and telescopic boom lifts across diverse terrains in construction and industrial settings.
The launch also includes three critical variants for heavy machinery. For backhoe loaders, the 14.00-25 GTL PLUS promises durability and stability during excavation. The 23.5-25 GTL PLUS variant is engineered for wheel loaders, offering improved traction on demanding surfaces. Addressing the extreme conditions of underground mining, the 14.00-20 VEM AS-UG features a reinforced casing and a specialised compound to withstand abrasive environments and the rigorous duty cycles of shuttle cars.
From pioneering India's largest OTR tyres to developing advanced technologies, JK Tyre continues to strengthen its portfolio, providing reliable and high-performance solutions tailored to support diverse industrial operations.
Srinivasu Allaphan, Director – Sales & Marketing, JK Tyre & Industries, said, “India is witnessing a transformative phase in infrastructure development, and JK Tyre remains committed to support this journey. With the launch of our new OTR range at EXCON, we are strengthening our support for equipment that powers critical infrastructure, enabling greater productivity, durability and operational safety across the country’s construction, mining and industrial projects.”
Eurogrip Displays Premium Tyres At Automechanika Dubai 2025
- By TT News
- December 10, 2025
Eurogrip, a premier two- and three-wheeler tyre brand from TVS Srichakra Ltd., is exhibiting its premium portfolio at Automechanika Dubai 2025 from 9–11 December. The brand's presence at this major global aftermarket trade show marks its third participation. Featured products on display at Stand Z5 - H26 in the Dubai World Trade Centre include the new Trailhound range, comprising the Wild, STR and SCR models, and the Protorq Max prototype.
The showcase also highlights Roadhound, Protorq Extreme, Bee City, Bee Sport, Climber XC, Terrabite DB+ and Beamer VS tyres, alongside popular patterns like Badshah, Badshah LX, Jaya LX and Auto 150. This diverse lineup is the result of advanced research, performance-focused design and sophisticated tyre technology.
T K Ravi, Chief Operating Officer, TVS Srichakra Ltd., said, “Automechanika Dubai continues to be a significant platform for us as we continue to strengthen Eurogrip’s global presence. The expo is a great opportunity for us to engage with partners and customers across the globe, particularly the West Asia, Africa and key Gulf countries. We are delighted to be displaying our high-quality performance-oriented tyres.”
Galaxy Introduces New Construction And Mining Tyres at Excon 2025
- By TT News
- December 10, 2025
Galaxy, the off-highway tyre brand owned by Yokohama Off-Highway Tires, has introduced two additions to its construction and mining portfolio at Excon 2025 in Bengaluru, underscoring rising competition in India’s heavy-equipment tyre market.
The manufacturer unveiled the LDSR 500, an all-steel radial tyre for wheel loaders and dozers, and the RTSR 300, a model for rigid dump trucks used in mining and large construction sites. The launches reflect growing demand for tyres engineered to withstand higher loads, harsher terrain and longer operating cycles in India’s infrastructure sector.
Galaxy’s LDSR 500 features a non-directional pattern and deep tread intended to improve stability and extend service life. The RTSR 300 is designed for heavy-load haulage across varied surfaces and incorporates an open-shoulder pattern to aid traction and self-cleaning. Both tyres will be available in compounds tailored to specific applications.
Dyutiman Chattopadhyay, Chief Technology Officer at Yokohama-ATG, said the company aimed to broaden its range of advanced radial and solid tyres for the domestic market. “At Galaxy, we take pride in our customer-centric innovations and are excited to display an array of all-steel radials and large solid tyres that deliver improved wear characteristics and superior & trouble-free performance on tough terrains,” he said. “Our highly automated, state of the art facilities are well-equipped to manufacture customized tyre solutions for the Indian customers and we look forward to serving them.”
Anuj Thakar, Senior Vice-President for India and SAARC at Yokohama-ATG, said India remained a priority region. “India is a key growth market for us and it is a great pleasure to participate in the country’s biggest construction expo,” he said. “Our presence at Excon reflects our commitment to our customers in the region as we continue to provide the best tyre solutions for varied construction needs.”
The Galaxy stand also features several existing products aimed at mining, construction and material-handling fleets. These include the Mine Rock-XT, a nylon-casing tyre for use in both mining and construction; Hulk, a skid-steer tyre engineered for puncture resistance; and the LHD 510 SDS, designed with a deep groove for higher traction and lower heat build-up.
Other models on display include the Giraffe XLW, intended for backhoe loaders; the Yardmaster Radial, used on forklifts; and the LDSR 300 for loaders and articulated dump trucks.
Goodyear Shelves Plan To Exit India Farm Tyre Business After Strategic Review
- By Sharad Matade
- December 10, 2025
Goodyear has reversed an earlier plan to divest its farm tyre operations in India, opting instead to retain the business following the conclusion of a strategic review by its US parent company. The decision marks a shift in strategy for the US tyre group, which had been evaluating options for the division amid a broader restructuring programme.
Goodyear India disclosed the development to the Bombay Stock Exchange recetently, noting that the board had “took note of the communication received from The Goodyear Tire & Rubber Co., USA, i.e. the ultimate parent company that it has concluded the previously announced strategic review of its Farm Tire business in India and at this time has made the decision to retain ownership of the business.”
The review, initiated earlier this year, followed a sustained period of mixed performance in India’s agricultural equipment sector, where tyre demand is closely linked to tractor sales and rural income trends.
Retention of the business suggests the company sees continued strategic value in India’s agricultural market, one of the world’s largest for tractor production and a key geography for tyre manufacturers seeking stable demand cycles. The farm tyre segment, although subject to monsoon-driven fluctuations, offers long-term potential due to mechanisation trends and government support for rural development.
Goodyear India remains majority owned by the US group and manufactures a range of tyres for passenger vehicles and agricultural machinery. The company did not outline next steps for the farm division but said the communication from its parent should be taken on record.
Comments (0)
ADD COMMENT