BKT enters 2-wheeler tyre mfg seg

Lokmat News Network

Mumbai: BKT (Balkrishna Industries) Group, which has so far been a leader in manufacturing tyres for agricultural, mining, and industrial fields, has now announced its entry into the tyre manufacturing segment for two-wheelers, passenger and goods transport vehicles.

This announcement was made on Tuesday at a press conference by the company's chairman and managing director Arvind Poddar and co-managing director Rajiv Poddar.

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Long-Term Strategic Move, Not Just Experiment

Arvind Poddar said that the company had never previously entered the two-wheeler and other tyre segments. He emphasised that they are not entering this already competitive market merely as an experiment, but are planting their feet firmly with a long-term vision. He described this as a natural extension of their business, built on the experience and discipline they have gained in the industry over the years.

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Rs 3,500 Crore allocated for new expansion plan

Speaking about the new expansion plan, co-managing director Rajiv Poddar said that the company earmarked Rs 3,500 crore for this expansion, under which production capacity would be increased along with focused efforts on brand building.

With this decision, the company plans to grow its turnover from Rs 10,600 crore in Financial Year (FY) 2025 to Rs 23,000 crore by FY 2033. Of this target turnover, 70% is planned to come from traditional tyre manufacturing, 10% from third-party sales, and 20% from new products.