Balkrishna Industries502355Tyres
Balkrishna Industries signed a landmark agreement with Pirelli for tires to be sold in India and manufactured at its Bhuj plant; stock reaction discussed post conference call
By ScoutQuest · · 1 min read
Heard on business television between 12:35:41 - 12:38:41 IST.
- Balkrishna Industries signed a tie-up with Italian tyre maker Pirelli.
- Tires will be manufactured at Balkrishna's own Bhuj plant and sold in India.
- Stock was up the previous day but faced pressure after the conference call.
- Brokerages currently see limited impact on revenue basis.
- Joint Managing Director Rajiv Podar joined to explain the phased deal: an off-take agreement phase followed by a joint venture phase anticipated in three to four years.
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Source: Live TV News Channel · 23 Oct 2026
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