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Balkrishna Industries looking for new markets to import chemical, raw material

13 Jul 2020 Evaluate

Balkrishna Industries has started looking at other markets to import chemicals and raw material, as it seeks to reduce its dependency on China amid the government's call to make domestic economy self-reliant. As much 80% of its sales come from the overseas markets. Its sales volume in the 2019-20 stood at 2,01,760 metric tonne, showing de-growth of 4% year-on-year impact due to COVID-19.

Balkrishna Industries is a leading manufacturer in the Off-Highway tire market. Since its founding in 1987, BKT has successfully focused on specialist segments such as agricultural, construction and industrial vehicles as well as earthmoving, port and mining, ATV, and gardening applications.

Peers
Company Name CMP
MRF 124848.40
Apollo Tyres 408.80
JK Tyres & Inds. 347.20
Ceat 3387.20
Balkrishna Inds. 2217.80
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