BKT budgets $200m to upgrade, expand capacities in India

Mumbai, India — Off-highway tire maker Balkrishna Industries Ltd. (BKT) is budgeting more than $200 million (€176 million) to upgrade and expand capacity for tires and carbon black at plants in India.

The Mumbai-based company disclosed the plans — affecting its plants in Bhuj and Waluj— in an investors presentation for the firm’s fiscal 2019 second quarter, ended Sept. 30.

The investments in India are in addition to the $100 million BKT is committing to build a tire plant in the US and include upstream component supply that will…

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