Balkrishna Enters Consumer Tyre Market, Eyes Rs 230 bn By FY30
ECONOMY & POLICY

Balkrishna Enters Consumer Tyre Market, Eyes Rs 230 bn By FY30

Balkrishna Industries is shifting from its niche off?highway tyre business into the consumer tyre market and expects group revenues to reach Rs 230 bn by FY30. The company has allocated Rs 35 bn for new product lines, capacity expansion and brand building, and the investment includes a national advertising campaign. The move marks its first sustained attempt to develop a domestic consumer franchise after decades of export-led growth in agricultural, mining and construction tyres.

BKT will target two?wheelers, passenger cars and medium and heavy commercial vehicles, entering segments characterised by high volumes and intense price competition. Management said the strategy is designed to diversify risk amid shifting global trade patterns and uneven demand in some overseas markets. Product engineering and distribution execution were identified as core strengths to be leveraged in the consumer push.

Chairman and managing director Arvind Poddar explained that the company studied the domestic market before entering and would apply the same playbook of differentiated product development and a distributor-led route to market. The company aims for a five per cent share in domestic on?highway segments by 2028–29, indicating an ambition to gain traction within a few years. Joint managing director Rajiv Poddar outlined that the Rs 35 bn capex is being deployed over three years, with most of the investment scheduled for the next 15 to 18 months.

The manufacturing backbone comprises a capacity of around 360,000 tonnes (t), with expansion under way at the Bhuj facility to support both off?highway and on?highway portfolios and a planned launch of commercial vehicle radial tyres in FY27. Under Vision 2030 the company expects roughly 20 per cent of revenue from on?highway products, about 70 per cent from off?highway items and the balance from carbon black, while separating BKT Tyres and BKT Carbon to distinguish consumer ambitions from industrial legacy. Management said the current investment cycle should complete planned expansions and begin delivering returns before another major capex phase is contemplated.

Balkrishna Industries is shifting from its niche off?highway tyre business into the consumer tyre market and expects group revenues to reach Rs 230 bn by FY30. The company has allocated Rs 35 bn for new product lines, capacity expansion and brand building, and the investment includes a national advertising campaign. The move marks its first sustained attempt to develop a domestic consumer franchise after decades of export-led growth in agricultural, mining and construction tyres. BKT will target two?wheelers, passenger cars and medium and heavy commercial vehicles, entering segments characterised by high volumes and intense price competition. Management said the strategy is designed to diversify risk amid shifting global trade patterns and uneven demand in some overseas markets. Product engineering and distribution execution were identified as core strengths to be leveraged in the consumer push. Chairman and managing director Arvind Poddar explained that the company studied the domestic market before entering and would apply the same playbook of differentiated product development and a distributor-led route to market. The company aims for a five per cent share in domestic on?highway segments by 2028–29, indicating an ambition to gain traction within a few years. Joint managing director Rajiv Poddar outlined that the Rs 35 bn capex is being deployed over three years, with most of the investment scheduled for the next 15 to 18 months. The manufacturing backbone comprises a capacity of around 360,000 tonnes (t), with expansion under way at the Bhuj facility to support both off?highway and on?highway portfolios and a planned launch of commercial vehicle radial tyres in FY27. Under Vision 2030 the company expects roughly 20 per cent of revenue from on?highway products, about 70 per cent from off?highway items and the balance from carbon black, while separating BKT Tyres and BKT Carbon to distinguish consumer ambitions from industrial legacy. Management said the current investment cycle should complete planned expansions and begin delivering returns before another major capex phase is contemplated.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code