BKT to enter TBR and PCR segments and expand its carbon black capacity

BKT’s five-year strategy includes new entries into Truck & Bus Radial and Passenger Car Radial tires, as well as an increase in Carbon Black manufacturing to 360,000 MT per year.

BKT (Balkrishna Industries Ltd.) announced its new five-year strategy plan at the Board of Directors meeting on May 23 to achieve total revenues of INR 23,000 crores (about USD 2.6 billion) by 2030. The plan calls for a total investment of INR 3,500 crores (USD 400 million), which will be mostly funded internally. It focuses on three major areas: improving leadership in the off-highway sector, increasing the Carbon Black business, and entering new tire categories in the Indian market.

BKT will keep solidifying its position as the world’s leading agricultural company in the Off-Highway Tires (OHT) category while steadily bolstering its position in the mining, construction, industrial, and rubber tracks sectors. Following the official commercialisation of its rubber tracks, the Board has approved the extension of the dedicated production plant, which is projected to be operational by the second half of 2026. In addition, the firm will continue to expand its mining line, which will be supported by its unique All-Steel Radial technology up to 57 inches, to complement the existing Bias range.

Geographically, while keeping a consistent presence in Europe, growth initiatives will concentrate on the Americas, India, and a few other overseas regions.

Over the last three years, BKT has established a firm and stable foundation in the Carbon Black industry, positioning itself as a strategic partner for major tire manufacturers in India and around the world. In addition, the company is expanding its presence in the speciality carbon black market, focusing on high-performance non-tire applications. This non-tire market, which comprises both speciality and advanced carbon black grades, is likely to be a key driver of development for BKT’s Carbon Black business.

A production capacity increase from 200,000 to 360,000 metric tonnes annually, including the development of enhanced carbon black, has been approved by the Board to support this trajectory.

The project is scheduled for completion by early 2026

The third strategic pillar addresses entry into new tire categories. Following great success in the Indian OHT segments and taking into account India’s strong economic growth, the business announced the development and introduction of two new product lines for the domestic market: Truck & Bus Radial (TBR) and Passenger Car Radial (PCR).

TBR tire pilots are slated to begin in Q4 of FY25-26 and will be gradually ramped up, followed by PCR tire pilots in Q3 of FY26-27 and then gradually scaled up. These new verticals are estimated to account for around 20% of total sales by 2030.

The strategy is based on an integrated and efficient industrial structure that leverages shared infrastructure and resources, existing synergies between production centres, and consolidated brand investments. This strategy will enable BKT to grow without sacrificing profitability.
Despite global macroeconomic instability, the company completed the fiscal year with record revenues and volume growth that exceeded forecasts. In FY 2024-25, BKT recorded revenues of INR 10,615 crores, a rise of 13 percent over the previous year. This performance validates the effectiveness of its development model.

“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.” — Rajiv Poddar, Joint Managing Director, BKT. 

As BKT embarks on its next chapter of growth, the firm is committed to its long-term strategy in the Off-Highway segment. The aim of reaching a 10 percent global market share in off-highway tires by 2030 is central to BKT’s strategy, which includes consolidating its position in high-value categories and growing its presence in critical global markets. With a clear vision, targeted investments, and a modular expansion strategy, BKT is positioning itself to dominate across many segments while remaining loyal to its basic values of dependability, performance, and long-term partnerships.

For more details, visit: https://www.bkt-tires.com/in/us/