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Balkrishna Industries' new biz plans unsettle investors

Mint New Delhi

|

May 27, 2025

Ambitious plan Balkrishna Industries targets 2.2x revenue growth by 2030, supported by its forays into new businesses.

- Harsha Jethmalani

Balkrishna Industries Ltd is entering new segments—a decision that overshadowed the positives in its March quarter (Q4 of FY25) results such as the sequential improvement in off-highway tyres (OHT) volumes. Balkrishna's shares fell over 6% on Monday.

From being a niche OHT company, Balkrishna is pivoting to the premium passenger car radial (PCR) and truck and bus radial (TBR) categories in the domestic market. A pilot launch for TBR is expected in Q4 of FY26 and for PCR in Q3 of FY27. Balkrishna eyes a 5% market share by 2030 in the new segments with revenue expected from FY28.

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Taxpayer base soars, but return filings lag sharply: CBDT data

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Market nears peak on dollar tailwind

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SP Eyes Tata exit to cut debt costs

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Why computers are selling like hot cakes again

Sales of laptops, desktops and tablets had a bad time in India after a pandemic boom.

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Candidates using AI? No, thanks, say IIT recruiters

As the annual placement season dawns at the Indian Institutes of Technology (IITs), colleges and recruiters are working to bar artificial intelligence (AI) tools and prevent cheating at test venues, a concern that first rose last year.

time to read

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Reliance JV, L&T to plough $13.5 bn into data centres

India’s data-infrastructure buildout hit a $13.5-billion inflection point on Wednesday, with a Reliance Industries Ltd (RIL) joint venture and Larsen & Toubro (L&T) announcing large-scale investments in data centres, driven by surging demand for artificial intelligence (AI) applications.

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Softbank’s 40% fall from peak shows worry on OpenAI bet

Growing unease over frothy artificial intelligence (AI) valuations is weighing on shares of SoftBank Group Corp.

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PepsiCo taps gourmet taste buds with Red Rock Deli’s India debut

Snack and cola maker PepsiCo is finally giving gourmet a chance with the launch of Red Rock Deli chips, priced ₹60 and ₹125 a pack, in a shift from its years-long focus on mass-market Lay's that starts as low as ₹5.

time to read

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