BKT aiming for 10% segment market share

During the SIMA show, Indian tyre maker BKT gave an update of the company’s recent performance. Highlights covered including the firm’s average annual growth rate – this remains at approximately 30 per cent. BKT also claims to currently hold five per cent of the global market share in the off-highway tyre sector in speciality segments such as agricultural machines and equipment, earthmovers, industrial vehicles, ATV and lawn & garden applications. The company says it aims to double this market share by the end of 2014; at this time it plans to achieve a turnover of US$1.36 million, and a turnover of $2 billion by 2020.

The start of production at BKT’s new Bhuj factory late last year is another milestone the company reported at SIMA. It is hoped that production will reach full capacity, 120,000 tonnes per year, by the end of 2014. BKT adds that Bhuj is also a good example of a “social factory”, as it hosts what it calls a housing colony for the employees and their families living inside the community, where a hospital, a fire brigade station, a large sport centre as well as a school are going to be built.