Business · Companies · 7 hrs ago

Pirelli partners with BKT to produce car tyres in India

Pirelli partners with BKT to produce car tyres in India

Pirelli has agreed with Indian tyre maker BKT to produce car tyres in India.

Pirelli has so far sold its products in the country but had no local production, while BKT is a major Indian maker of off-highway tyres.

BKT plans to make up to 800,000 Pirelli-branded car tyres by 2030 at a new factory equipped with advanced technology.

The deal gives Pirelli a way to expand in India, where demand for premium cars and tyres is growing.

A later phase could create an equal joint venture to make high-value car tyres under both companies’ brands.

That factory would serve India and other international markets, but the joint venture depends on certain conditions being met.

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What people are saying

Marco Tronchetti ProveraPirelli executive chairman
India is assuming an increasingly central role in the evolution of the global automotive industry, thanks to market growth, the development of mobility and the progressive strengthening of the country's industrial and technological capabilities.
via Il Sole 24 Ore
Andrea CasaluciPirelli CEO
We are convinced that the collaboration between BKT, with its industrial excellence and knowledge of the market, and Pirelli, with its innovative technologies and positioning in the high-end segment, will not only open new opportunities for both groups but also contribute to the growing demand for premium products in the Indian tyre market.
via Il Sole 24 Ore
Arvind PoddarBalkrishna Industries chairman and managing director
This partnership combines complementary skills to seize the opportunities offered by a growing market, while creating value for both companies.
via Il Sole 24 Ore