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2 clusters · 17 sources · 3 days · First seen · Last updated

Pirelli and BKT tyre manufacturing partnership

Overview

Italian manufacturer Pirelli and India’s Balkrishna Industries Ltd. (BKT) have entered into a strategic agreement to expand their presence in the Indian passenger car tyre market.

The partnership is structured in two phases. In the first phase, BKT will manufacture up to 800,000 Pirelli-branded premium passenger car tyres by 2030 at its Bhuj facility in Gujarat, India, adhering to Pirelli’s technological and quality standards.

The second phase involves a potential 50:50 joint venture to establish a dedicated manufacturing plant for high-value passenger car tyres. This facility would produce tyres for both the Pirelli and BKT brands to serve domestic and international markets.

The collaboration seeks to capitalize on the projected growth of the Indian automotive sector, where car registrations are expected to rise by 5% to 7% annually through 2030. For Pirelli, the deal establishes a local manufacturing footprint, while for BKT, it facilitates expansion from off-highway tyres into the passenger vehicle segment.

Entities

Balkrishna Industries · Pirelli · India · Gujarat · Marco Tronchetti Provera

Timeline

  1. [BUSINESS] 2 sources
    BKT and Pirelli partner to manufacture premium tyres in India

    BKT and Pirelli have signed a strategic agreement to produce up to 800,000 Pirelli-branded tyres in India by 2030, with plans for a potential 50-50 joint venture for high-value tyre production.

  2. [BUSINESS] 15 sources
    Pirelli and BKT partner to manufacture tyres in India

    Pirelli and BKT have signed a strategic agreement to produce up to 800,000 Pirelli-branded tyres in India by 2030, with plans for a potential 50:50 joint venture for premium tyre manufacturing.

Sources

askanews.it · businesstoday.in · forbes.it · goc.gov.tr · gomuhouchi.com · heavyquipmag.com · kleanindustries.com · motori.quotidiano.net · namastecar.com · news18.com · posventa.com · quotidiano.net · radiostudio90italia.it · teleborsa.it · tractionnews.com · tv9hindi.com · world-agritech.com