Apollo Tyres Ltd plans to increase its capital expenditure in fiscal year 2026 to address capacity constraints, particularly in its passenger car segment, as the Indian tyre maker sees raw material costs stabilising after recent pressures.

The company expects to spend approximately INR 8 billion on growth capital expenditure in FY26, above its capex of INR 7-7.5 billion for FY 25, Chief Financial Officer Gaurav Kumar told investors during an earnings call.

"We are extremely tight on passenger car tyre capacity," Kumar said, adding that the expansion would increase capacity by about 7-8% in India and slightly more in Europe, with the European growth focused on the Hungarian plant.

Raw material costs, which rose 15 percent year-on-year and 2 percent sequentially in the third quarter to INR 175.5 per kg, are expected to plateau in the fourth quarter. Natural rubber prices stood at 215 rupees per kg during Q3, while synthetic rubber and carbon black were at INR 195 and INR 125 per kg, respectively.

The tyre maker is targeting expansion in new markets, with Managing Director Neeraj Kanwar identifying the United States and Saudi Arabia as key growth areas. The company's European operations are running at over 90 percent capacity utilisation, while Indian passenger car tyre operations are in the high 80s.

Despite cost pressures, Apollo maintained its EBITDA margin at 13.7 percent in Q3, though management indicated these weren't satisfactory levels. The company is holding off on price increases in the near term due to competitive market conditions.

"We expect recovery in operating performance held by higher top-line momentum across both India and Europe," Kanwar said, citing early signs of demand improvement in the current quarter.

Goodyear has earned the prestigious ‘Master’ supplier rating by DAF for the fourth consecutive year.

Goodyear's excellence in crucial areas including product development, operational support and alignment with DAF's business objectives is highlighted by this recognition, which is a component of DAF's Supplier excellence Management (SPM) programme. Three performance categories – Achiever, Leader and Master – are used by the programme to assess vendors. The highest honour, the ‘Master’ rating, is given to suppliers that continuously exhibit exceptional performance and cultivate a close working relationship with DAF. By retaining the ‘Master’ rating for the fourth year, Goodyear underlines its position as a reliable industry partner committed to enhancing customer performance and efficiency.

Xavier Fraipont, Vice President Commercial PBU EMEA at Goodyear, said, “We are honoured to receive the ‘Master’ rating from DAF for the fourth consecutive year. This achievement reflects the dedication of our teams in delivering high-performing products and reliable support to DAF. It also underscores the strength of our long-standing partnership, built on a foundation of premium quality, innovations and collaboration.”

Apollo Tyres NL BV plans to close its Enschede manufacturing facility in the Netherlands by mid-2026, citing unsustainable production costs and declining demand for its speciality tyres.

The Dutch tyre manufacturer, a subsidiary of India-based Apollo Tyres Ltd, has formally submitted a Request for Advice to the Works Council regarding the intended closure, the company said in a statement Friday. The decision follows "thorough investigation and careful consideration" after cost-cutting initiatives failed to offset rising inflation.

"Submitting the Request for Advice to the Work's Council on the intended decision to discontinue production has been enormously difficult," said Benoit Rivallant, President of Apollo Tyres NL. "In the last few years, we have implemented several initiatives to reduce costs at Enschede. These initiatives resulted in some savings, but most were completely negated due to the ever-increasing inflation."

According to the statement, the Enschede plant, which produces pneumatic tyres for cars and agricultural vehicles, has struggled with "macro-economic disruptions, steep increases in energy and labour costs, and a decline in demand for Spacemaster and Agri tyres. " Pressure from low-cost competitors has further squeezed margins.

The company said it would continue normal operations while consulting with the Works Council and that the final decision remains subject to supervisory board approval. Management has committed to maintaining communication with employees, customers and suppliers throughout the process.

Apollo Tyres Ltd, headquartered in Gurugram, India, ranks among the leading tyre manufacturers. The company did not specify how many jobs would be affected by the closure.
    
 

The Rubber Research Institute of India (RRII), a research organisation working as part of Rubber Board, has announced its proposal to appoint a ‘Research Associate (statistician)’ to work in the Botany Division on temporary basis. The selection will be based on a written test cum walk-in interview.

Candidates must hold a Master’s degree in Agricultural Statistics or equivalent qualification to be eligible for the position. As per the criteria, the age of candidates applying for the position should not exceed 35 years as of 31 January 2025.  Interested candidates are advised to meet the Director of Research, Rubber Research Institute of India, Rubber Board, Kottayam–9 on 6 May 2025 at 9.30 am along with the original documents their age, educational qualifications, experience etc. Those interested can contact on 0481-2353311 or visit www.rubberboard.gov.in for further details.

Vaculug Ltd has officially launched its new mobile application, V-Torque, to support fleet managers and commercial vehicle technicians across the UK.

V-Torque is intended to improve the effectiveness and safety of vehicle maintenance by giving commercial vehicles weighing more than 7.5 tonnes operating in the UK instant access to wheel nut torque requirements and re-torque settings. Thanks to the app's sophisticated capabilities, users can oversee and control re-torquing procedures with unparalleled precision, guaranteeing the highest level of wheel security compliance. V-Torque lowers maintenance costs and advances fleet operations' sustainability objectives by optimising these procedures. After successful field tests with a few chosen service providers, the app is now accessible on the Google Play Store and the Apple App Store.

Glenn Sherwood, Chief Growth Officer of Vaculug Ltd, said, “We are thrilled to introduce V-Torque, a product born from our unwavering commitment to sustainability and innovation. The app amplifies our dedication to driving positive change in the industry.”