Italian and Indian tyre makers
Pirelli and Balkrishna Industries (BKT)
announced on Thursday an agreement for the production of up to 8,00,000 Pirelli-branded tyres in India by 2030.
A second phase of the agreement also involves the creation of a 50-50 joint venture for a production plant in the country dedicated to “high value” car tyres, the companies added.
* The partnering companies say India’s car registrations are
estimated to increase by 5-7% annually to 2030
* They see the premium car tyre market increasing almost
fivefold in the period
* For Pirelli the agreement represents an opportunity to
expand in a high-growth potential country, where it only has a
commercial presence
* For Balkrishna Industries the partnership backs its
expansion into the passenger car tyre market
* BKT’s shares rose following the announcement, up by 3.55%
as of 0648 GMT
Published on October 22, 2026
