Balkrishna Industries will invest Rs 3,500 crore in expanding its highway tire portfolio

Off-highway tire maker Balkrishna Industries Ltd (BKT) on Tuesday announced its entry into the domestic consumer tire market with the launch of its On-Highway portfolio and said it has committed an investment of Rs 3,500 crore to support capacity expansion and advanced R&D capabilities, among others.As part of its on-highway portfolio, BKT introduced purpose-built tires for two-wheelers (scooters and motorcycles) and medium and heavy commercial vehicles (M&HCV) to cater to the fast-growing consumer and replacement tire segments.

The company also said that under Vision 2030, it aims to grow total revenue to about Rs 23,000 crore by FY30, with an expected revenue mix of about 70 percent from off-highway tires, about 10 percent from third-party carbon black sales and the remaining about 20 percent from on-highway tire categories.

Under its unified corporate identity, the company also unveiled a new brand architecture with two distinct identities: BKT Tires, representing its entire tire portfolio in the Off-Highway and On-Highway categories, and BKT Carbon, representing its carbon black and industrial materials businesses.”Our entry into the on-road segment is a natural extension of BKT’s purpose of supporting India’s evolving mobility needs with products designed for real-world conditions. We build on decades of manufacturing discipline to offer tires that deliver safety, reliability and value,” said Arvind Poddar, Chairman and CEO of BKT.

As part of this strategic expansion, BKT has committed an investment of Rs 3,500 crore (USD 400 million) to strengthen its presence in the Indian mobility ecosystem.

“The investment will support the expansion of manufacturing capacity, advanced R&D capabilities, vertical integration through BKT Carbon and the expansion of its nationwide distribution network, reinforcing the company’s focus on sustainable, value-creating growth,” the company said. “BKT’s foray into the on-road tire segment is a strategic milestone under our Vision 2030 – an Indian-led initiative to responsibly scale and expand our mobility footprint. Our approach balances ambition with discipline, as we strive to grow while protecting profitability and maintaining our technical excellence.” said Rajiv Poddar, Joint Managing Director, BKT.

“With a defined revenue roadmap of Rs 23,000 crore by 2030 – an increase of 2.2x over FY25 levels, this measured growth is based on clarity, capacity and long-term commitment,” he added.

The company said that in the two-wheeler segment, ZENOVA is designed for urban commuting while THYROS is designed for off-road surfaces, adding that it will expand into the commercial on-road segment with the introduction of two tires by April-June 2026.

The new range of BKT radial commercial vehicle tires has been developed for demanding applications such as cement transport, construction logistics and regional freight movements, the company said.

“As we enter a new phase of growth, our focus remains on delivering durability, mileage, comfort and advanced performance across the two-wheeler, radial truck bus, passenger and light truck categories. Our target is clear: to achieve a 5 percent market share by FY30 through a disciplined, India-led strategy, based on product leadership, distribution strength and consumer confidence,” said Satish Sharma, Senior President and Director, Business Development and Strategy, BKT.

BKT said its new portfolio will be introduced through its nationwide distributor-dealer network, in a phased geographic rollout, starting with high-demand markets.