Birla Tyres is negotiating with potential partners

The company intends to invest nearly $300 million in its development.

Indian tire company Birla Tyres, which was recently decommissioned from the Kesoram holding, is in talks with several potential partners both at home and abroad, said Manjushrtri Khaitan, chairman of the board.

Birla is considering several strategic cooperation opportunities, such as acquiring know-how to manufacture specialized tires for other companies, he said. Khaitan also added that Birla "intends to use its heritage to secure its brand share in several tire market segments."

Birla also plans to spend Rs 20 billion ($ 270 million) on its development, some of which will be funded through loans. Negotiations with potential partners and financial institutions are already underway, and decisions will be made in three to six months, the company notes.

According to the Birla plan, the Orissa plant will increase its capacity and the products will be produced on both existing and new production lines. Through this, the company intends to cover a wider consumer base. In addition to tires for special equipment, it is also planned to produce tires for trucks and cars, as well as two-wheeled vehicles in fairly large volumes.