We Are Optimistic About The Future Demand For BKT Tires’ Products And Solutions.
Rajiv Poddar, Joint Managing Director, Balkrishna Industries
How is the construction equipment market gaining pace in India?
The construction equipment market in India is gaining momentum through a combination of factors. Robust demand is fueled by the country’s population growth and economic development, necessitating improved transport infrastructure investments in roads, railways, aviation, shipping, and inland waterways. The sector is further buoyed by increasing investments, with the capital outlay for infrastructure under Budget 2023-24 seeing a 33% increase to Rs 10 lakh crore (US$ 122 billion), accounting for 3.3% of GDP—almost three times the 2019-20 outlay.
Policy support is evident through the National Infrastructure Pipeline (NIP), with projects worth Rs 108 trillion (US$ 1.3 trillion) at various implementation stages. This policy framework ensures a structured and comprehensive approach to infrastructure development. The attractive opportunities stemming from this development have a multiplier effect on demand and efficiency in transport, creating new commercial and entrepreneurial prospects, thereby contributing significantly to the dynamic growth of the construction equipment market
in India.
What kind of demand are you anticipating for your products and solutions in the future?
We are optimistic about the future demand for BKT Tires’ products and solutions. Our strategic vision, commitment to innovation, and alignment with global trends position us to not only meet but exceed the expectations of our customers in the evolving landscape of the tire industry.
What kind of demand are you experiencing for your products and solutions?
We currently manufacture a range of over 3,200 SKUs, which are exported to over 160 countries across the world. In the industrial construction segment, BKT has the widest range of tires in tipper mining, backhoe loaders, wheel loaders, motor graders, and material handling sectors. The introduction of XL Grip Ultra – in the tipper mining segment is one such, technologically upgraded tire, that BKT offers to suit both the mining and construction sector.
Being a global player in the off-highway tire market, we are continuously focusing our efforts on upgrading our product range, doing so can help ensure better performance in various applications as well as improve comfort for equipment operators and minimize unplanned downtime.
Especially in the construction equipment market, we are the only Indian manufacturer that has rolled out a technologically advanced all-steel radial tire range that offers improved fuel economy, longer life, and least downtime.
How do you see Excon as a platform for presenting your technologies and services to your customers? What are your plans for this year to attract customers?
Excon has always been a special platform for us in terms of showcasing, connecting, and enhancing the effectiveness of our products and services. Our participation at the Excon this year will be a continuation of a decade-long association that has helped us grow and expand our presence in the industry.
