Himadri’s Birla Tyres targets Rs 3,000 crore revenue, plans passenger radial plant by FY28
Himadri Specialty Chemical is positioning Birla Tyres for growth in EV, SUV and off-the-road segments, with a passenger-car radial tyre plant planned by FY28. The business is targeting Rs 3,000 crore in revenue over the next four to five years.
What happened
Himadri Specialty Chemical · Himadri is investing in lithium-ion materials, speciality carbon and Birla Tyres. Its tyre unit plans EV, SUV and off-the-road
Key facts
- Rs 30,000 crore projected lithium-ion materials revenue over five to six years
- Rs 2,000 crore near-term capex
- Rs 4,800 crore capex over five to six years
- FY27 Q1 revenue Rs 1,432 crore, up 28% YoY
- FY27 Q1 EBITDA Rs 313 crore, up 33% YoY; margin 22%
- FY27 Q1 net profit Rs 228 crore, up 27% YoY
- 2,000 MTPA initial LFP cathode capacity in Q3 FY27
- 40,000 MTPA LFP capacity by FY28
- 200,000 MTPA LFP capacity over five to six years
- Birla Tyres revenue target of Rs 3,000 crore over four to five years
- 200 MTPA synthetic anode facility
- 200 MTPA carbon nanotube facility
Why this matters
The expansion makes Birla Tyres a more relevant partner for EV OEMs, fleet networks and distribution alliances, while potentially opening inorganic routes to technology, channel access or regional scale.
What to watch
- Formal board approval and capex disclosure for the passenger-car radial plant.
- Plant capacity, technology partner, land acquisition and stated commissioning milestone before FY28.
- Quarterly Birla Tyres revenue growth, EBITDA margin and working-capital trend following portfolio expansion.
- Dealer-count additions, geographic expansion and evidence of stronger replacement-market sell-through.
- OEM approvals or supply contracts for EV, SUV, passenger-car radial or OTR tyres.
- Natural-rubber, crude-linked input and power-cost movements relative to tyre-price increases.
- Evidence that Himadri's materials businesses produce measurable sourcing, product-performance or margin synergies.
- Announce passenger-car radial plant location, capacity, capex, commissioning schedule and funding structure.
- Prioritize EV, SUV and replacement-tyre SKUs where rolling resistance, durability and load ratings can support premium pricing.
- Expand dealer, distributor and fleet-service coverage in tier-2 and tier-3 markets before radial-plant commissioning.
- Seek OEM and EV-platform homologations to validate product performance and create anchor demand.
- Leverage Himadri's material supply chain to improve carbon-black sourcing, compounding performance and cost control.
- Build OTR and commercial-vehicle relationships with mining, construction, logistics and agricultural fleet operators.