BKT plans epxansion, to invest Rs 3,500 crores
The leading manufacturer of off-highway tyres has plans to expand the domestic consumer tyre market. As a part of the plan, the firm will invest Rs 3,500 crore to support capacity expansion and advanced R&D capabilities, among others.
As per The Economic Times, under its Vision 2030, BKT aims to grow overall revenue to approximately Rs 23,000 crore by FY30, with a projected revenue mix of around 70 per cent from Off-Highway tyres, around 10 per cent from third-party carbon black sales, and the remaining around 20 per cent from On-Highway tyre categories.
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