Pirelli and Balkrishna agree to produce tyres in India
Pirelli and India's BKT agreed to make up to 800,000 Pirelli-branded tyres in India by 2030 and set up a 50-50 joint venture.
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what happened
Italian tyre maker Pirelli and India's Balkrishna Industries (BKT) announced on Thursday an agreement to produce up to 800,000 Pirelli-branded tyres in India by 2030, Reuters reported. A second phase includes a 50-50 joint venture to build a plant focused on "high value" car tyres.
The companies estimate that India's car registrations will grow 5-7% a year through 2030, and that the premium car tyre segment could expand almost fivefold. For Pirelli, the deal offers a way into a fast-growing market where it currently has only a commercial presence. For BKT, it supports a push into passenger car tyres.
BKT's shares rose 3.55% as of 06:48 GMT following the announcement.
why it matters
The deal is confined to the tyre segment, so its effect on broad markets is limited. For investors, it signals how Indian producers are moving into the premium car tyre niche, where demand is expected to outpace the wider auto market. No financial terms were disclosed.
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sources
- Pirelli, Balkrishna strike India tyre production deal — Reuters, 22 October 2026 at 06:51 UTC
- Pirelli, Balkrishna strike tyre production deal — Moody's, 22 October 2026 at 07:54 UTC
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