Apollo Tyres will invest INR 58 billion over three years to expand passenger car and truck tyre capacity at its Andhra Pradesh plant, as utilisation in India moves into the high 80s and truck and bus radial lines approach full capacity.

The board has approved the capital expenditure for financial years 2027 to 2029, with about INR 20 billion scheduled for FY2027. Total consolidated capex in FY2027 is expected to be about INR 30 billion, including roughly INR 7 billion of maintenance and operational spending and ongoing expansion in Hungary.

Neeraj Kanwar, Managing Director And Vice-Chairman, said the company was “running at close to 100 percent utilisation” in truck and bus radial tyres and was seeing shortages in truck, passenger car and farm segments.

For the quarter ended December 2025, consolidated revenue rose nearly 12 percent year on year to INR 77.4 billion, the highest quarterly revenue on both a standalone and consolidated basis, the company said. EBITDA stood at INR 11.9 billion, with a margin of 15.3 percent, compared with 14.9 percent in the previous quarter and 13.7 percent a year earlier.

In India, revenue was INR 51.4 billion, up more than 13 percent, with mid-teens volume growth in OEM and replacement channels and exports growth just short of 20 percent. The company said utilisation across India operations was in the high 80s for both passenger car radial and truck and bus radial tyres.

In Europe, revenue was €180 million, broadly flat year on year, reflecting a subdued market. The European passenger car replacement market declined 4 percent in the quarter. EBITDA in Europe was €32 million, with a margin of 17.9 percent, compared with 17.7 percent a year earlier and 12.7 percent in the preceding quarter.

In Europe, the group will close its Enschede plant in the Netherlands by the end of June 2026. Production is being transitioned to Hungary and India. Management expects the benefits of the restructuring to begin flowing through from the second half of FY2027, although it declined to provide margin guidance.

The India expansion will lift passenger car tyre capacity by 10,500 tyres per day from an existing base of about 58,000 tyres per day, an increase of 17–18 percent. Truck and bus radial capacity of more than 15,000 tyres per day will rise by 3,600 tyres per day, or more than 20 percent. Some capacity will come on stream in FY2028, with the full benefit expected by FY2030.

Gaurav Kumar, Chief Financial Officer, said the expansion equates to roughly INR 170 million per metric tonne of added capacity, compared with INR 115-120 million per tonne in the previous Andhra investment in FY2021. The increase reflects “inflationary pressures” and the adoption of “state-of-the-art” technology to cater to global OEMs in India, Europe and the US.

He added that the decision marked a shift from incremental debottlenecking to larger civil construction. “We reached a stage where we could not further increase the capacity by line balancing and hence, any further increase in capacity needed civil,” Kumar said.

The company expects to take on some additional debt during the capex cycle. Consolidated net debt fell to INR 13 billion at the end of December 2025, from INR 26 billion at the end of September, driven by lower short-term borrowings and stronger operational cash flow. Net debt to EBITDA declined to 0.4 times from 0.8 times.

Kumar said net debt to EBITDA would remain below the long-term ceiling of 2.0 times “even at the peak levels” of capex.

Return on capital employed is running at 13.5 percent, below the 15 percent target previously outlined by the group. Management said it would revisit capital allocation and return metrics as it formulates a new five-year plan to March 2031.

On raw materials, the company expects costs to remain steady in the fourth quarter. In the December quarter, natural rubber was about INR 195 per kg, synthetic rubber INR 170 per kg, carbon black INR 115 per kg and steel cord about INR 155 per kg.

Apollo does not hedge rubber or crude oil. “We came to the conclusion to stay away from rubber or crude oil hedging,” Kumar said. Foreign currency borrowings are fully hedged, while operational exposure in India is hedged between 75 percent and 100 per cent.

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Bridgestone Americas has secured a spot on the Forbes 2026 Best Brands for Social Impact list for the third year running, claiming the number 20 position. This represents a dramatic ascent of 71 places compared to the previous year’s ranking. The company’s standing is particularly notable as it surpassed all other tyre manufacturers as well as businesses in the auto repair and maintenance sectors, underscoring a strong and favourable public perception.

The company’s longstanding approach to community engagement has been driven by key alliances with organisations such as the Boys & Girls Clubs of America, the Nature Conservancy and United Way. Since 2015, these efforts have translated into the donation of nearly 100 passenger vans to Boys & Girls Clubs nationwide, the planting of over eighty-five thousand trees and total contributions exceeding USD 45 million. Additionally, Bridgestone team members contribute more than 3,000 hours of volunteer service each year to support vital local programmes.

Beyond these efforts, the Bridgestone Americas Trust Fund, established in 1952 by Harvey Firestone, Jr., operates as the largest corporate foundation within the United States tyre industry. It provides annual grants to national and local nonprofits whose missions align closely with the company’s operational footprint and its strategic direction as a sustainable mobility provider. Funding priorities also include employee matching gifts for causes related to diversity, education, mobility and employment access, with many grant recipients selected through a teammate-driven process designed to broaden participation in the company’s philanthropic impact.

Now in its fourth year, the Forbes list identifies the top 300 brands nationwide based on consumer perception. Developed in collaboration with HundredX, the ranking evaluated nearly 5,500 unique brands through surveys of more than 200,000 individuals. The assessment measures how the public views a brand’s trustworthiness, social stances, sustainability efforts and commitment to community support, reinforcing Bridgestone’s elevated standing in this year’s results.

Sara Correa, Chief Marketing Officer, Bridgestone West and Bridgestone Americas; Head of Bridgestone Americas Business Services, said “This recognition is a testament to every Bridgestone employee, customer and partner who is committed to driving meaningful impact in the communities where we move, live, work and play. The mission of our company has always been serving society with superior quality and a core belief that what’s good for society is good for business.”

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Giti Tire has kicked off an exciting new chapter in motorsport by securing the role of Official Race Tyre for the Lotus Cup China, with the season commencing at the Sepang International Circuit. The races will see competitors utilising the GitiCompete GTR1 in the 240/650R18 and 300/650R18 sizes, setting the stage for a season defined by precision and endurance.

Spanning five rounds from April through December 2026, the championship has drawn significant participation, with 17 teams, 58 drivers and 44 cars registered. This year’s calendar represents a major milestone for the series, as it unfolds across one of Asia’s most technically challenging venues where the demands on performance, reliability and safety reach their peak.

At the core of this competitive effort is the GitiCompete GTR1, a high-performance slick purpose-built for racing environments. Engineered to deliver unwavering confidence on track, it combines advanced tread compounds and an optimised contact patch for superior grip and stability during high-speed cornering and heavy braking. Its ability to maintain consistent handling under extreme temperatures, coupled with efficient heat management for sustained performance over long stints, gives drivers the precise steering response needed to push to the limit.

Motorsport serves as a vital proving ground for Giti’s broader innovation efforts. Every lap at Sepang generates critical data on wear patterns, heat cycles and grip under stress – insights that are directly channelled into the company’s research and development. This real-world feedback allows Giti to refine compounds and structural designs, elevate safety and performance benchmarks and accelerate the creation of next-generation products.

Race Schedule

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Oak Group Holdings has secured the acquisition of Exhaust, Tyres and Batteries (ETB), a UK automotive service provider formerly owned by Bridgestone. This purchase introduces a significant new distribution channel for the expanding company while marking a strategic shift in its operational reach.

With ETB now fully integrated into the portfolio, Oak gains four warehouses spanning Wales, the Midlands and the Southwest of England. These additions bolster the firm’s existing wholesale network and extend its geographical presence across key regions. The deal also grants Oak direct access to consumers through ETB’s established fast-fit network – a first in the company’s 45-year history – allowing its technology-driven and brand-focused service model to enter the fast-fit sector.

The two companies' brand portfolios are well matched, allowing for a smooth transition to the current tyre brands presently under the Oak Group banner, which include Davanti, Envoy, Landsail, Linglong, Delinte and Aptany, ensuring continuity and strengthening the combined offering, said the company.

Peter Cross, Commercial Director, Oak Group Holdings, said, “2026 marks the start of an exciting new chapter for Oak. This milestone acquisition demonstrates the strength of our business, our continued investment and our long-term commitment as a wholesaler operating in what has been a turbulent and challenging market in recent years. We are very excited to welcome ETB colleagues to the Oak Group. We know the ETB team has vast experience and our values are closely aligned in terms of the importance of customer service in every aspect of what we do.”

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TyreSafe, UK’s charity dedicated to raising tyre safety awareness, is highlighting the significant safety risks posed by under-inflated or degraded motorcycle tyres when bikes are brought back into use after winter storage. With motorcyclists across Great Britain preparing for the return to the road, the organisation stresses that thorough tyre inspections are essential. This urgency is underscored by troubling casualty data: in 2024, a total of 340 motorcyclists lost their lives on British roads, while over 5,400 suffered serious injuries and more than 10,000 sustained slight injuries. Fatalities rose by eight percent between 2023 and 2024, even though traffic increased by only four percent.

The core of TyreSafe’s warning lies in the hidden effects of prolonged inactivity. Even if tread depth appears sufficient, tyres can lose air pressure and structural integrity while a bike remains stationary. Unlike cars, motorcycles depend entirely on two small contact patches for grip, braking and stability, leaving almost no room for error. This makes the consequences of neglect particularly severe, especially in critical moments such as braking into a bend or riding on wet roads.

The impact of under-inflated or degraded tyres manifests in several noticeable ways. Riders may encounter a wallowing sensation during cornering, vague or heavy steering, reduced handlebar feedback and increased stopping distances. Irregular wear patterns and diminished fuel efficiency can also emerge. As pressure drops, excessive tyre flex generates internal heat, accelerating structural damage and raising the risk of sudden failure. Tread distortion further compromises grip, particularly in wet conditions where aquaplaning becomes a greater danger.

Visible sidewall cracking indicates that rubber compounds have hardened and lost flexibility, diminishing the tyre’s ability to maintain grip and absorb road forces. For a motorcycle, where balance and control hinge entirely on tyre integrity, such cracking can signal an imminent risk of grip loss or failure. Deep or widespread cracks warrant immediate replacement. Even occasional use during storage helps preserve flexibility and pressure stability, making meticulous inspection especially critical for seasonally ridden motorcycles.

TyreSafe urges road users to embrace the simple ACT protocol: regular checks of air pressure, condition and tread depth.

Stuart Lovatt, Chair of TyreSafe, said, “After months off the road, many riders are eager to get back out and enjoy their bikes – but tyres may not be in the same condition they were at the end of last season. Under-inflation can make a bike feel heavy, vague or unstable in corners, while degraded rubber reduces grip – especially in the wet. With casualty numbers rising, riders can’t afford to overlook something as fundamental as tyre safety. A simple check before the first ride could prevent a serious incident.”

Craig Carey-Clinch, Director of the National Motorcycle Council, said, “Motorcyclists depend completely on their tyres for grip, braking and stability. When tyres are under-inflated or deteriorated, the changes in handling can be subtle at first – but in an emergency situation, those differences can be decisive. Carrying out thorough tyre checks before the first ride of the season is one of the simplest and most effective ways riders can reduce avoidable risk.”

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