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Balkrishna Industries has entered into the following agreements with Pirelli Tyre S.p.A. (Pirelli):
A Framework Agreement setting out the structure, timelines and key terms of the overall transaction between the Company and Pirelli, including inter alia in relation to a joint venture agreement to be entered into between them in future for establishment of a joint venture company in India, to manufacture passenger car radial tyres, in which the Company and Pirelli will each hold 50% of the share capital;
An Offtake Agreement for the manufacture by the Company, at its PCR Plant in Bhuj, Gujarat, of Pirelli branded passenger car radial tyres as per Pirelli's specifications and their sale to Pirelli and/or its affiliates; and
A Service Agreement under which Pirelli will provide the Company with certain technical support services relating to BKT branded tyre testing, using inter alia Pirelli's proving grounds, simulation systems and equipment.
Under the first phase of the agreement, BKT will manufacture up to 8 lakh Pirelli-branded tyres by 2030 at one of its newly constructed manufacturing plants, equipped with advanced technology. The tyres will be produced in accordance with Pirelli's specified technological and quality standards under an offtake arrangement.
The second phase, subject to certain conditions, envisages the formation of an equal joint venture between the two companies and the construction of a manufacturing facility dedicated to high-value passenger car tyres. The proposed plant will manufacture tyres under both the Pirelli and BKT brands, catering to domestic and international markets.
The partnership aims to capitalise on growth opportunities in India's automotive sector, where passenger car registrations are projected to increase by 5-7% annually between 2025 and 2030, while the premium passenger car tyre market is expected to expand nearly fivefold.
For BKT, the collaboration marks a significant step in its diversification into the passenger car tyre segment and is expected to create new growth opportunities in domestic and overseas markets. For Pirelli, which currently has only a commercial presence in India, the agreement will strengthen its position in the country's growing premium tyre market.
Marco Tronchetti Provera, executive chairman of Pirelli, said: “India is taking an ever more central role in the evolution of the global automotive industry, thanks to the market’s growth, development of mobility and progressive strengthening of the Country’s industrial and technological competencies. The agreement with BKT, a first-class industrial partner with solid roots in India and a significant international presence, represents for Pirelli a strategic choice which will allow us to strengthen our position in a market. among those with the greatest growth potential and to accompany its evolution, drawing on our competencies, innovation and positioning in the segments with the greatest value.”
Arvind Poddar, chairman and managing director of Balkrishna Industries (BKT) said: “This partnership brings together complementary strengths to capture the opportunities of a growing market while creating value for both companies.”
Balkrishna Industries (BKT) is engaged in the business of manufacturing and selling 'off-highway tyres' (OHT) in the specialist segments such as agricultural, industrial & construction, earthmovers & port, mining, forestry, lawn & garden and all-terrain vehicles (ATV).
The company reported a 50.47% jump in standalone net profit to Rs 432.10 crore for the quarter ended 30 June 2026 (Q1 FY27), compared with Rs 287.17 crore in the corresponding quarter last year. Revenue from operations increased 24.79% YoY to Rs 3,444.70 crore during the quarter, driven by healthy volume growth and steady demand across key markets.
Bajaj Auto Ltd lost 3.2% today to trade at Rs 10512.5. The BSE Auto index is down 1.39% to quote at 57352.15. The index is down 8.77 % over last one month. Among the other constituents of the index, Tata Motors Ltd decreased 2.09% and Balkrishna Industries Ltd lost 1.76% on the day. The BSE Auto index went down 3.92 % over last one year compared to the 10.85% fall in benchmark SENSEX.
Bajaj Auto Ltd has lost 14.95% over last one month compared to 8.77% fall in BSE Auto index and 6.18% drop in the SENSEX. On the BSE, 681 shares were traded in the counter so far compared with average daily volumes of 12160 shares in the past one month. The stock hit a record high of Rs 12470 on 01 Sep 2026. The stock hit a 52-week low of Rs 8490.1 on 03 Oct 2025.
Bandhan Bank, LIC, Manappuram Finance and SAIL barred from fresh F&O positions on 19 August 2026.
New Listing:
Shiprocket will debut on the stock exchanges today. The issue price is set at Rs 97. The IPO of Shiprocket was subscribed 99.38 times. The issue was open between 12 and 14 August 2026. The price band of the IPO was fixed at Rs 92 and Rs 97 per share.
Behari Lal Engineering will debut on the stock exchanges today. The issue price is set at Rs 285. The IPO of Shiprocket was subscribed 108.44 times. The issue was open between 12 and 14 August 2026. The price band of the IPO was fixed at Rs 271 and Rs 285 per share.
Stocks to Watch:
Exide Industries infused an additional Rs 1,999 crore into its wholly owned subsidiary, Exide Energy Solutions (EESL), in one or more tranches, to support the establishment of a greenfield multi-gigawatt lithium-ion cell manufacturing facility in India. With this infusion, the total investment in EESL stands at Rs 5,102.23 crore.
Balkrishna Industries’(BKT) board approved the allotment of 55,000 debentures of face value Rs 1 lakh each, aggregating to Rs 550 crore, through private placement in multiple tranches.
Hindustan Zinc announced that it has increased the share of renewable power in its current overall power consumption to 22%, up from approximately 18% in FY26, marking continued progress in its clean energy transition.
Bharat Petroleum Corporation of India (BPCL) announced that its board approved raising funds through secured or unsecured redeemable non-convertible debentures in one or more series or tranches, up to a maximum of 10 tranches, aggregating up to Rs 5,000 crore within one year.
Jubilant Ingrevia’s board approved a binding term sheet with Zettaone Technologies India to acquire a 40% strategic stake in the company. The investment will help Jubilant Ingrevia build an integrated presence in the electronics and semiconductor space, leveraging its manufacturing and customer-centric capabilities in the CDMO segment.
Cupid’s promoter, Aditya Kumar Halwasiya acquired 8.03 lakh shares (0.06%) through the open market. Wth this transaction promoter holding stands at 46.40%.
Balkrishna Industries Ltd rose 8.88% today to trade at Rs 2265.9. The BSE Auto index is up 0.29% to quote at 61237.2. The index is up 4.52 % over last one month. Among the other constituents of the index, TVS Motor Company Ltd increased 0.9% and Hero MotoCorp Ltd added 0.8% on the day. The BSE Auto index went up 15.35 % over last one year compared to the 4.72% fall in benchmark SENSEX.
Balkrishna Industries Ltd has added 3.82% over last one month compared to 4.52% gain in BSE Auto index and 1.52% rise in the SENSEX. On the BSE, 17958 shares were traded in the counter so far compared with average daily volumes of 18021 shares in the past one month. The stock hit a record high of Rs 2775 on 10 Feb 2026. The stock hit a 52-week low of Rs 1971.5 on 11 Jun 2026.