How has the domestic OTR industry (and BKT) fared during the period of pandemic? What are the expectations for the current year?
Owing to rapid urbanisation of the country and the privatisation of coal, the domestic OTR industry is experiencing a period of substantial growth. Whilst the pandemic did create huge logistical issues for the domain, the domestic OTR sector remains strong and resilient.
It has also been a time of technological advancement for BKT, as it offers innovative solutions to the many challenges of the post-pandemic era.
However, our strategic measures have ensured a period of great growth, and BKT recorded its highest ever sales volumes in FY21. With our upcoming launch of the state-of-the-art Giant 57” Earthmax SR 468 Tire for 240 ton Rigid Dump Trucks, an incredible asset for the mining world and the largest tire ever created by BKT, we expect a great performance for the current year as well.
What is the scenario in the global market? How does India fare in terms of demand base and growth potential?
The evolution of the OTR domain, coupled with the advent of technological strides in the field and seamless opportunities for expansion in an increasingly industrialised world have helped the global market to continue in the direction of growth.
As a result, India has a lot to gain owing to its ever expanding market size and rapid advancements in the field.
Another factor that can further help the country cater to this budding market is providing new age offerings that can bring the latest innovation to the international OTR markets.
This story is from the July 2021 edition of Coal Insights.
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This story is from the July 2021 edition of Coal Insights.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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