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Competition, demand worries ahead for Balkrishna Industries
Business Standard
|May 27, 2025
The stock of off-highway tyre (OHT) maker, Balkrishna Industries (BIL), slipped over 6 per cent to ₹2,492 a share on Monday amid concerns that its diversification into other tyre categories will weigh on its margins.
The move also comes amid uncertain global demand conditions for its core OHT category.
The foray into new categories, which are highly competitive, has prompted brokerages to cut their earnings and downgrade the stock.
BIL will be entering the premium passenger vehicle (PV) and commercial vehicle or CV (bus and truck radials) radial tyres in India. The focus would be the domestic replacement market. While it will launch the CV radial tyres by the last quarter of financial year 2025-26 (Q4FY26), PV radials will be introduced by Q3FY27. The production will be ramped up gradually and the company is seeking a 5 per cent target market share by FY30.
This story is from the May 27, 2025 edition of Business Standard.
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