CEAT, Sri Lanka’s highest-selling pneumatic tyre brand, has been ranked the Most Valuable Brand in the ‘Tyre’ category, reports said. 

According to a report on Businesscafe website, CEAT has advanced 10 places in the latest brand value rankings published by Brand Finance. 

In its 2022 rankings, Brand Finance has ranked CEAT at No 38 in its list of the 100 most valuable brands in Sri Lanka. 

CEAT has also retained its ‘AAA-’ Brand Rating from Brand Finance for 2022. 

Ravi Dadlani, Managing Director, CEAT Kelani Holdings, was quoted as saying in the
report, “Adversity is the best test of mettle. Since the start of the global pandemic, the CEAT brand has achieved a cumulative advancement of 15 places in the Brand Finance Top 100 rankings, and brand value has more than doubled since 2020. Such growth, in one of the most challenging periods in memory, is a remarkable feat and a source of confidence in these uncertain times.” (TT)

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Hankook Tire and Technology reported consolidated revenue of KRW 5.4127 trillion and operating profit of KRW 585.9 billion for the third quarter of 2025, the company said in a statement.

Tyre business sales rose 11.2 percent year-over-year to KRW 2.7070 trillion, while operating profit climbed 10.4 percent to KRW 519.2 billion, marking the company’s highest-ever quarterly performance.

Hankook attributed growth to stronger demand across global replacement and OE markets and a rising mix of high-inch tyres. Lower raw material and logistics costs helped cushion the impact of US automotive parts tariffs.

Hanon Systems, which has been fully consolidated into Hankook Tire’s results since the first quarter, generated KRW 2.7057 trillion in revenue, up 8.2 percent from a year earlier. Operating profit reached KRW 95.3 billion, an increase of 1.7 percent year-over-year and 48.2 percent quarter-over-quarter.

High-inch (18 inches and above) passenger car and light truck tyres accounted for 47.4 percent of segment sales in the quarter, up 2.6 percentage points from a year earlier. EV tyre sales represented 27 percent of the total, a 7-point increase year-over-year.

Hankook continued expanding OE fitments for premium EVs, citing supply agreements for the Porsche Macan, Xiaomi YU7, BMW iX, New i4 and New X3. The company now equips about 50 global automotive brands across more than 290 models.

Hankook’s EV-focused iON line-up and Ventus performance range won EV Tire of the Year and Performance Tire of the Year at the UK-based WhatTyre Awards, reinforcing its technology leadership.

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GRI is preparing to showcase the latest developments in its agricultural line-up with a special event scheduled for Monday, November 10, 2025, just before Agritechnica opens in Hanover.

The company said in a statement that the event will mark a significant step in its innovation and expansion strategy with new products designed to offer greater strength, performance and sustainability in the agricultural sector. Attendees will have the chance to engage with GRI’s leadership, partners and industry peers as the company outlines its vision for the future of farming.

The company, in partnership with Grasdorf GmbH, will unveil its expanded European strategy and German market entry at Agritechnica 2025. The event, titled 'Growing From Strength to Strength', will showcase new collaborations, technologies and sustainable solutions for agriculture.

Speakers include GRI Director of Europe Giorgio Gramegna and Grasdorf Managing Director Joachim G. Wolf among others. Presentations will focus on innovative product launches, technical advancements and partnership-driven models aimed at enhancing agricultural performance and sustainability.

The announcement underscores GRI’s commitment to its growth in Europe, cementing its role in shaping the future of agricultural innovation and market trust.

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CEAT Ltd said it will invest up to INR 34 million in its wholly owned subsidiary Tyresnmore Online Pvt Ltd through a subscription to a rights issue, the tyre maker said in a stock exchange disclosure on Wednesday.

The company will subscribe to 27,855 equity shares in Tyresnmore, and its shareholding in the subsidiary will remain at 100 percent, CEAT said.

The investment is categorised as a related-party transaction but has been carried out on an arm’s-length basis. No regulatory approvals are required, it added.

Tyresnmore, incorporated in 2014 and based in New Delhi, sells automotive tyres, batteries and accessories, and provides fitting and wheel services. The unit reported turnover of INR 322.57 million for the year ended 31 March 2025, compared with INR 255.86 million the previous year.

The shares are expected to be allotted by 24 November 2025.

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NEXEN TIRE reported third-quarter 2025 sales of 780.7 billion won and operating profit of 46.5 billion won, the company said on Thursday, as stronger demand in Europe and South Korea helped offset the impact of item-specific tariffs in the United States.

Sales in Europe were supported by an expansion of original equipment supply for newly launched vehicles and higher demand for winter products following tighter seasonal tyre regulations. In South Korea, the company posted its highest-ever quarterly revenue, aided by peak summer demand and continued growth in its tyre rental business.

Profit margins improved from the previous quarter, helped by lower raw material costs and reduced logistics expenses, with prices for natural and synthetic rubber and the Shanghai Containerized Freight Index (SCFI) remaining on a downward trend.

The company has been rolling out region-specific product strategies. In South Korea, it launched the N’FERA Supreme EV ROOT in August, designed for both electric and internal combustion engine vehicles. It also brought the WINGUARD SPORT 3 winter tyre to Europe and Japan, and strengthened its U.S. high-performance line-up with the N’FERA SPORT, already supplied as original equipment to premium European carmakers. In Australia, it added the ROADIAN ATX for larger sport utility vehicles.

NEXEN TIRE is also expanding its international footprint, with new sales bases recently opened in Spain and Poland, and additional hubs planned in Southeastern Europe, Latin America and the Middle East.

The tyre maker said it is enhancing R&D efficiency through the adoption of a High Dynamic Driving Simulator, the first of its kind in South Korea's automotive sector, allowing reduced reliance on physical prototypes and road tests. The firm also received approval for its near-term emissions reduction targets from the Science Based Targets initiative (SBTi) in September.

“The solid performance in the third quarter, even after factoring in tariff-related costs, indicates that our strategy for managing external uncertainties is yielding positive results,” CEO John Bosco (Hyeon Suk) Kim said. “We will continue to pursue sustainable growth through product portfolio diversification and the optimisation of global production operations.”

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