At the Board of Directors meeting held,  BKT (Balkrishna Industries) presented its new five-year strategic plan, aiming to achieve total revenues of Rs 230 billion by 2030. The plan includes total investments of Rs 35 billion, 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..