BKT targets Rs. 23,000 Cr revenue by 2030

Balkrishna Industries Ltd. (BKT), a leading player in the Off-Highway Tires (OHT) segment, has announced an ambitious five-year strategic plan aimed at achieving Rs.23,000 crore (approx. USD 2.6 billion) in total revenue by 2030. The plan, unveiled at a Board of Directors meeting on Friday, includes investments of Rs.3,500 crore (USD 400 million), primarily funded through internal accruals.

The growth strategy is anchored around three key pillars: strengthening leadership in the OHT sector, expanding the Carbon Black business, and entering new tire categories in the Indian market.

Global Push in Off-Highway Tires
BKT plans to consolidate its leadership in the global agricultural tire segment while scaling up its presence in mining, industrial, construction, and rubber tracks segments. The company’s rubber tracks, officially commercialized recently, will see an expansion in production capacity. The new facility is expected to be operational by the second half of 2026.

The mining tire range will also be expanded, leveraging BKT’s proprietary All-Steel Radial technology for sizes up to 57 inches, complementing the existing Bias range.

Geographically, the company is focusing on growth in the Americas, India, and select international markets, while maintaining a stable base in Europe.

Carbon Black Expansion
In the Carbon Black business, BKT has established itself as a key supplier for domestic and global tire manufacturers. It now aims to broaden its presence in the specialty carbon black segment, targeting high-performance, non-tire applications. This segment is expected to be a major driver of growth in the coming years.

To support this, the company will expand its carbon black production capacity from 200,000 to 360,000 metric tonnes per year. This expansion, which includes the addition of advanced carbon black production, is scheduled for completion by early 2026.

Entry into Truck & Passenger Car Tire Segments
Marking a significant diversification, BKT is set to enter the Truck & Bus Radial (TBR) and Passenger Car Radial (PCR) tire markets in India. These new product lines will cater to the growing domestic demand and are projected to contribute around 20% of total sales by 2030.

TBR tire production is slated to begin with pilot operations in the fourth quarter of FY25–26, followed by a gradual scale-up. PCR tires will follow, with pilot production starting in Q3 of FY26–27.

Strong Financial Performance
Despite global economic challenges, BKT reported a robust performance in FY 2024–25, with revenues reaching Rs.10,615 crore — a 13% increase year-on-year.

“With this development plan, we are setting a clear and ambitious vision for BKT’s future—built on solid foundations, modularity, and organic growth,” said Rajiv Poddar, Joint Managing Director, BKT. 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.”