+13% revenue growth in FY 2024–25.Entry into the Passenger Car Radial and Truck & Bus Radial segments for theIndian market only.

Mumbai, May 26, 2025 – At the Board ofDirectors meeting held on Friday, May 23, BKT (Balkrishna Industries Ltd.)presented its new five-year strategic plan, aiming to achieve total revenues ofINR 23,000 Crores (approximately USD 2.6 billion) by 2030. The plan includestotal investments of INR 3,500 Crores (USD 400 million), to be funded primarilythrough internal funding. It focuses on three main areas: strengthening leadership in the Off-Highwaysector, expanding the Carbon Black business, and entering new tire categories forthe Indian market.

Inthe Off-Highway Tires (OHT) segment, BKT will continue to consolidateits global leadership in the agricultural sector while progressivelystrengthening its position in rubber tracks, mining, industrial, andconstruction segments. Following the official commercialization of its rubbertracks, the Board has approved the expansion of the dedicated productionfacility, expected to be operational in the second half of 2026. In parallel,the company will continue to develop its mining range, supported by itsproprietary All-Steel Radial technology up to 57 inches, complementing theexisting Bias range.

Geographically,growth efforts will focus on the Americas, India, and selected internationalmarkets, while maintaining a steady presence in Europe.

Inthe Carbon Black business, BKT has built a solid and reliable foundationover the past three years, positioning itself as a strategic partner for majortire manufacturers both in India and internationally. In addition, the companyis strengthening its presence in the specialty carbon black segment, targetinghigh-performance non-tire applications. This non-tire segment — which includesboth specialty and advanced carbon black grades — is expected to become a keypillar of growth in BKT’s Carbon Black business.

Tosupport this trajectory, the Board has approved an expansion of productioncapacity from 200,000 to 360,000 metric tons per year, which includes thedevelopment of advanced carbon black.

Theproject is scheduled for completion by early 2026.

Thethird strategic pillar concerns entry into new tires categories.Following strong results in the Indian OHT segments and considering the strongIndian economic growth, the company announced the development and launch of twonew product lines for the domestic market: Truck & Bus Radial (TBR) andPassenger Car Radial (PCR).

TBR tires pilot are scheduled for launch in Q4 ofFY25–26 and then be gradually ramped up, followed by PCR tires pilot in Q3 ofFY26–27 and then be gradually ramped up. These new verticals are expected tocontribute around 20% of overall sales by 2030

The plan is built on anintegrated and efficient industrial structure, leveraging shared infrastructureand resources, existing synergies between production hubs, and consolidatedbrand investments. This approach will allow BKT to scale without compromisingprofitability.

Despite globalmacroeconomic volatility, the company closed the fiscal year with recordrevenues and volume growth exceeding expectations. In FY 2024–25, BKT reportedrevenues 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 aclear and ambitious vision for BKT’s future—built on solid foundations,modularity, and organic growth. We are entering new product categories with thesame focus and consistency that have driven us in the Off-Highway space, backedby the trust we’ve earned worldwide.” — Rajiv Poddar, Joint ManagingDirector, BKT.

As BKT charts this nextphase of growth, the company remains committed to its long-term vision in theOff-Highway segment. The goal of achieving a 10% global market share inOff-Highway tires by 2030 stands at the core of its strategy—consolidatingBKT’s position in high-value segments and expanding its presence acrossstrategic global markets. With a clear roadmap, targeted investments, and amodular approach to expansion, BKT is positioning itself to lead across diversesegments while staying true to its core values of reliability, performance, andlong-term partnerships.

Join the BKT press room: www.bkt-tires.com/ww/en/press-room

Balkrishna Industries Ltd. (BKT) is an India-based tire manufacturer.The BKT group offers a large and always updated production range of Off-Highwaytires specially designed for vehicles in the agricultural, industrial,earthmoving, mining, ATV and gardening sector. BKT’s innovative solutionsdesigned for the most differing user needs include more than 3,600 productssold in over 163 countries worldwide. Visit the website www.bkt-tires.com for furtherinformation.

Recently, BKThas further extended its offer by starting the production of rubber tracks. Tolearn more visit www.bkt-tracks.com.