Pirelli, Balkrishna strike tyre production deal

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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

By Reuters

Updated - October 22, 2026 at 12:38 PM.

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

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