BKT unveils 2030 roadmap with US$2.6 billion revenue target

27 May 2025 CW Team

BKT (Balkrishna Industries) has announced its strategic roadmap through 2030, targeting revenues of Rs 230 billion (US$ 2.6 billion). The plan, approved at its Board of Directors meeting on May 23, includes investments of Rs 35 billion (US$ 400 million) over the next three years, primarily through internal funding.

The strategy focuses on three pillars: strengthening its Off-Highway Tires (OHT) leadership, expanding the Carbon Black business, and entering new tire categories in the Indian market. BKT aims to deepen its dominance in the global agricultural tire space and grow in mining, construction, and industrial segments. Its rubber tracks unit will be expanded by late 2026, while the company continues to build its All-Steel Radial mining range up to 57 inches.

Geographically, growth will centre on India, the Americas, and select international markets, with Europe remaining stable.

In Carbon Black, BKT plans to expand annual capacity from 200,000 to 360,000 metric tons by early 2026. It is also scaling up its advanced and specialty grades aimed at high-performance non-tire applications.

Marking a significant diversification, BKT is set to enter India’s Truck & Bus Radial (TBR) and Passenger Car Radial (PCR) markets. TBR production will begin in Q4 FY25–26, followed by PCR in Q3 FY26–27. These segments are projected to contribute twenty per cent of total sales by 2030.

BKT closed FY 2024–25 with revenues of Rs 106.15 billion, a thirteen per cent rise over the previous 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. 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, BKT.

The company aims to capture ten per cent of the global Off-Highway market by 2030.

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