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BKT looks to double domestic market share in next few years

Tuesday, 27 Oct 2020
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Off-highway tyre manufacturer Balkrishna Industries that sells under the BKT brand expects its domestic market share to double in the next couple of years to over 12 percent.

Of the total revenue, 60 percent is contributed by the agriculture sector, followed by mining and construction equipment chipping in with 35 percent and the rest five percent from the golf carts segment.

The BKT Group manufactures an extensive range of off-highway tyres specifically designed for vehicles operating in the agricultural, industrial, earthmoving, mining, port, ATV (golf) and gardening sectors. It manufactures more than 2,700 different tyres which are sold in over 160 countries.

It is expecting its Rs 1,000 crore capacity expansion plan to be completed as scheduled in March 2021, under which it is setting up Rs 500 crore facility to replace its existing plant and enhance productivity.

The company is also setting up an ultra large-size all-steel off-the-road (OTR) radial tyre unit with an annual capacity of 5,000 tonne at its Bhuj facility in Gujarat which it had set up in 2015 at an investment of Rs 3,000 crore. It will be the first of its kind plant in the country.

BKT has annual capacity of three lakh tonne currently. It is also building a warehouse and mixing plant there at an estimated cost of about Rs 500 crore.

 

 
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