Off-highway machine tyre major BKT (Balkrishna Industries Ltd.) has presented its new five-year strategic plan, aiming to achieve total revenues of INR 23,000 Crores (around US$2.6 billion) by 2030.
The detailed plan includes total investments of INR 3,500 Crores ($400 million), mainly funded internally by the India-headquartered company. It focuses on three main areas: strengthening leadership in the Off-Highway sector, expanding the Carbon Black business, and entering new tyre categories for the Indian market.
In the Off-Highway Tyres (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 commercialisation of its rubber tracks, the Board has approved the expansion of the dedicated production facility, which is expected to be operational in the second half of 2026. Simultaneously, the company will continue to develop its mining range, supported by its proprietary All-Steel Radial technology, which is available 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 tyre manufacturers both in India and internationally. Additionally, the company is expanding its presence in the speciality carbon black segment, focusing on high-performance non-tire applications. This non-tire segment, which encompasses 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 tonnes 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 tyres 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).
The TBR tyres pilot is scheduled for launch in Q4 of FY25–26 and will then be gradually ramped up, followed by the PCR tyres pilot in Q3 of FY26–27, which will also be steadily ramped up. These new verticals are expected to contribute around 20% of overall sales by 2030.
The plan, announced at the BKT Board of Directors meeting held on Friday, 23 May, is built on an integrated and efficient industrial structure, leveraging shared infrastructure and resources, existing synergies between production hubs, and consolidated brand investments. This approach will allow BKT to scale without compromising profitability.
Despite global macroeconomic volatility, the company closed its fiscal year with record revenues and volume growth that exceeded expectations. In FY 2024–25, BKT reported revenues of INR 10,615 Crores, marking a +13% increase over the previous year. This performance confirms the strength 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,” said Rajiv Poddar, Joint Managing Director, BKT.
As BKT charts this next phase of growth, the company remains committed to its long-term vision in the Off-Highway segment. The goal of achieving a 10% global market share in Off-Highway tyres by 2030 stands at the core of its strategy, consolidating BKT’s position in high-value segments and expanding its presence across strategic global markets.
With a clear roadmap, targeted investments, and a modular approach to expansion, BKT said it is positioning itself to lead across diverse segments while staying true to its core values of reliability, performance, and long-term partnerships.
