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MRF's Profit Drops 38% Despite Revenue Growth on Rising Input Costs
February 07, 2025
MRF, India’s leading tyre manufacturer, posted a 38% decline in Q3 profit to INR 3.15 billion, despite a 13.76% rise in revenue to INR 70.99 billion. Higher raw material costs, including natural rubber and crude-based inputs, along with currency fluctua
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TyreSafe Collaborates With RED Driver Training To Promote Road Safety Among New Drivers
February 07, 2025
TyreSafe has entered into a partnership with RED Driver Training, one of the UK’s leading driving schools, officially making it as its first dedicated driving school supporter.
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Apollo Tyres Net Profit Drops as Raw Material Costs Weigh on Margins
February 06, 2025
Apollo Tyres Ltd. reported a 5% year-over-year increase in Q3 FY25 revenue, reaching ₹69.28 billion, but net profit fell 32% to ₹3.37 billion due to rising raw material costs. For the nine-month period, revenue grew 3% to ₹197 billion, while net pro
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Eurogrip Showcases Flagship Two-Wheeler Tyre Range At AIMExpo 2025
February 06, 2025
Eurogrip Tyres, India’s leading two- and three-wheeler tyre brand, is displaying its flagship two-wheeler tyre range at the ongoing American International Motorcycle Expo (AIMExpo) 2025, North America’s largest motorcycle and powersports tradeshow. Th
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Nokian Tyres Reports 12.8% Sales Growth, New CEO Takes Helm
February 06, 2025
Nokian Tyres reported a 12.8% rise in Q4 sales to $447.3M, though operating profit dropped to $16.6M due to disruptions. For 2024, net sales grew 9.9% to $1.39B, while annual profit fell sharply to $1.94M. New CEO Paolo Pompei emphasized growth via capaci
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JK Tyre Q3 Profit at INR 570 Mln Amid Raw Material Pressure; Plans Price Hikes
February 04, 2025
JK Tyre & Industries reported Q3 FY25 revenue of INR 36.94 billion with an operating profit of INR 3.35 billion and a nine percent EBITDA margin, impacted by rising raw material costs. The company has implemented cumulative price hikes of four percent thi
