BKT outlines 2030 plan with $400M investment to grow OHT, carbon black, and new tyre segments, targeting $2.6B in revenue.
Despite Growth Plan, BKT Commits to Stay True to Its Core
Balkrishna Industries Ltd. (BKT) has unveiled its new five-year strategic plan, targeting total revenues of USD 2.6 billion by 2030. The roadmap was officially presented during the company’s Board of Directors meeting on May 23.
According to BKT’s statement, the plan involves total investments of USD 400 million, to be funded internally. The strategy focuses on three key areas: strengthening its leadership in the off-highway segment, expanding its carbon black business, and launching new tyre categories in the Indian market.
Reinforcing Off-Highway Leadership
In the off-highway tyre (OHT) segment, BKT aims to consolidate its global leadership in the agricultural sector, while gradually expanding its presence in rubber tracks, mining, industrial, and construction applications.
Following the official commercialization of its rubber tracks, the company’s Board has approved an expansion of its dedicated production facility, which is expected to become operational in the second half of 2026. In parallel, BKT will continue developing its mining tyre range, leveraging its proprietary All-Steel Radial technology (up to 57 inches) to complement its existing Bias range.
Geographically, the company’s growth efforts will concentrate on the Americas, India, and select international markets, while maintaining a steady presence in Europe.
Carbon Black Expansion
In the carbon black business, BKT has established itself as a strategic supplier to major tyre manufacturers worldwide over the past three years. Looking ahead, the company plans to expand into non-tyre applications, including specialty and advanced carbon black grades.
To support this, the Board has approved an increase in production capacity from 200,000 to 360,000 metric tons per year, with completion scheduled for early 2026.
Entering the Indian TBR and PCR Markets
Another key pillar of BKT’s 2030 roadmap is the launch of new tyre categories for the Indian domestic market. The company will roll out two new product lines: Truck & Bus Radial (TBR) and Passenger Car Radial (PCR) tyres.
The TBR pilot is scheduled to launch in Q4 of FY 2025–26, with production ramp-up to follow. The PCR pilot will begin in Q3 of FY 2026–27, also followed by gradual scaling. Together, these new segments are projected to contribute approximately 20 percent of overall sales by 2030.
Scaling Sustainably
For the next five years, BKT’s primary goal is to scale without compromising profitability. The company aims to build on its integrated and efficient industrial structure, leveraging shared infrastructure, existing synergies between production hubs, and consolidated brand investments.
“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 of BKT.
Despite these diversification efforts, BKT reaffirmed its long-term commitment to the off-highway segment, with the goal of achieving a 10 percent global market share in the category by 2030.
“With a clear roadmap, targeted investments, and a modular approach to expansion, BKT is positioning itself to lead across diverse segments while staying true to its core values of reliability, performance, and long-term partnerships,” the company wrote.
This article was originally published on the Tyreman Magazine.
