Balkrishna Industries Targets Rs 230 bn Revenues By FY30
ECONOMY & POLICY

Balkrishna Industries Targets Rs 230 bn Revenues By FY30

Balkrishna Industries has begun expanding from its off-highway tyre business into consumer on-highway segments, aiming to lift group revenues to Rs 230 billion (Rs 230 bn) by FY30. The company has allocated Rs 35 billion (Rs 35 bn) for product lines, capacity expansion and brand-building, including a national campaign with a film actor. This marks its first concerted attempt to build a domestic consumer franchise after decades of export-led growth.

The on-highway push targets two-wheelers and medium and heavy commercial vehicles, markets noted for high volumes and strong price competition. Management said the strategy aims to diversify risk amid shifting global trade patterns and uneven overseas demand. Executives added the approach builds on lessons from the firm's earlier India playbook of product engineering and a distributor-led route to market.

Joint managing director Rajiv Poddar said the Rs 35 bn investment is spread over three years and the company is one year into the plan, with the balance to be deployed over the next 15 to 18 months. Expansion at the Bhuj facility forms part of the capex and will support both the off-highway business and the new on-highway portfolio, with commercial vehicle radial tyres planned for FY27. The capacity backbone stands at around 360,000 tonnes (360,000 t).

Under Vision 2030 the group expects about 20 per cent of revenue from on-highway tyres, around 70 per cent from off-highway products and the remainder from carbon black. Management targets a five per cent domestic market share in on-highway segments by FY30 and envisages a 2.2 times increase in revenues from FY25 to reach Rs 230 bn. The company is restructuring its brand architecture into BKT Tyres and BKT Carbon.

Executives said success will depend more on execution than on engineering, highlighting distribution depth, dealer alignment and sustained brand investment. Management does not foresee another major expansion at non-Bhuj plants for five to six years as upgrades and automation cycles are largely complete. Routine maintenance and productivity-linked capital expenditure will continue.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Balkrishna Industries has begun expanding from its off-highway tyre business into consumer on-highway segments, aiming to lift group revenues to Rs 230 billion (Rs 230 bn) by FY30. The company has allocated Rs 35 billion (Rs 35 bn) for product lines, capacity expansion and brand-building, including a national campaign with a film actor. This marks its first concerted attempt to build a domestic consumer franchise after decades of export-led growth. The on-highway push targets two-wheelers and medium and heavy commercial vehicles, markets noted for high volumes and strong price competition. Management said the strategy aims to diversify risk amid shifting global trade patterns and uneven overseas demand. Executives added the approach builds on lessons from the firm's earlier India playbook of product engineering and a distributor-led route to market. Joint managing director Rajiv Poddar said the Rs 35 bn investment is spread over three years and the company is one year into the plan, with the balance to be deployed over the next 15 to 18 months. Expansion at the Bhuj facility forms part of the capex and will support both the off-highway business and the new on-highway portfolio, with commercial vehicle radial tyres planned for FY27. The capacity backbone stands at around 360,000 tonnes (360,000 t). Under Vision 2030 the group expects about 20 per cent of revenue from on-highway tyres, around 70 per cent from off-highway products and the remainder from carbon black. Management targets a five per cent domestic market share in on-highway segments by FY30 and envisages a 2.2 times increase in revenues from FY25 to reach Rs 230 bn. The company is restructuring its brand architecture into BKT Tyres and BKT Carbon. Executives said success will depend more on execution than on engineering, highlighting distribution depth, dealer alignment and sustained brand investment. Management does not foresee another major expansion at non-Bhuj plants for five to six years as upgrades and automation cycles are largely complete. Routine maintenance and productivity-linked capital expenditure will continue.

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement