Background: Balkrishna Industries (BIL) manufactures Off-Highway Tyres (OHT) for agricultural, industrial, material handling, construction, earthmoving, forestry, lawn and garden equipment and all-terrain vehicles (ATV).The company exports about 90% of its total tire production with the help of a strong distribution network of over 200 distributors to more than 120 countries. With three tire manufacturing plants, the production capacity of BIL stands at 220,000 MT. BIL mainly caters to three different industrial segments - Agriculture (63%), OTR (34%) and others (3%). BIL derives 77% of the revenues from replacement market, 19% from the OEM market and 4%...