Background: Balkrishna Industries (BIL) manufactures Off-Highw ay 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 tyre production w ith the help of a strong distribution netw ork of over 200 distributors to more than 120 countries. With three tyre manufacturing plants, the production capacity of BIL s tands at 144,000 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 5%...