Tyre Makers Expect Another Year of Modest Growth Amid High Costs: CRISIL
- November 18, 2024
India's tyre industry is facing a challenging year due to rising natural rubber prices and subdued global demand. While revenue growth is expected to be modest, higher input costs will impact profitability. The industry is navigating these challenges thro
Goodyear Starts Accepting Nominations For Highway Hero Award
- November 16, 2024
The Goodyear Tire & Rubber Company has announced the commencement of nominations for its annual Highway Hero Award. Tracing its origin to 1983, this annual programme has been recognising commercial truck drivers who go the extra mile to help others on the
Tire Industry Project Launches Its First Open Call For Projects
- November 15, 2024
The Tire Industry Project (TIP), the tyre industry’s primary global forum on sustainability topics operating under the umbrella of the World Business Council for Sustainable Development, has launched its first Open Call for Projects (OCP). This is in li
Bridgestone Unveals Duravis All Season EVO Van Tyre
- November 15, 2024
Bridgestone, a global leader in premium tyres and sustainable mobility solutions, has revealed its new premium all-season van tyre, the Bridgestone Duravis All Season EVO. The new tyre is the successor to the Duravis All Season van tyre and is designed to
MRF Reports Q2 Profit Decline, Revenue Rise
- November 15, 2024
MRF, a leading Indian tire manufacturer, reported a decline in net profit for the September quarter despite a rise in revenue. The company's EBITDA margin also contracted due to higher input costs
Saudi Arabia’s Tyre Market Poised for Growth
- November 15, 2024
The Saudi Arabian tire market is projected to grow significantly in the coming years, driven by factors such as increasing urbanization, rising disposable incomes, and the expansion of the automotive sector. While challenges like high import duties and th
