It all started in early 2019 for TVS Srichakra to expand and concrete its position on the international turf. The tyre company opened its research and development facility in Milan, Italy in early 2019, and then in August, TVS Tyre rebranded to TVS Eurogrip with the introduction of 19 premium tyres. Since then, the company has been aggressive in enhancing its R&D and testing capabilities and market presence globally. According to V Sivaramakrishnan, CTO, TVS Srichakra, the new brand and new product launches such as zero-degree steel-belted radials, new product lines in tubeless bias have appealed to the trade and its customers alike with increasing traction in the market.

However, TVS Srichakra’s new product launch plans did get impacted due to Covid. As the industry started seeing a revival in demand, in March 2021, TVS Eurogrip launched 11 new products which cater to a wide range, from commute to high-performance bikes as well as electric three-wheelers. This year, the Indian two-wheeler major plans to introduce more products designed and developed in the company’s R&D centre in Milan, Italy for the Indian market. More than two dozen products are in the pipeline for future catering to ‘untapped opportunities’. The company will also start its business in APAC and MEA. “Our Milan R&D centre plays a vital role in defining product target performances, product concept design, technical features and organisation of testing sessions that are held on European roads and racetracks. The Milan team and our R&D centre in Madurai work closely in defining the product specifications and technical aspects while creating new products,” said Sivaramakrishnan.

“Establishing our direct presence in developed and growing markets is an important step for us towards building Eurogrip as a strong global brand. It goes hand in hand with the research studies we’ve been conducting on new technologies, which will benefit all markets, including India. With our expertise as a manufacturer of two-wheeler tyres for over three decades, we are confident of making a mark in developed markets, and we look forward to the future growth potential,” added Sivaramakrishnan.

Its recent offering – e-Conta and e-Durapro – for e-rickshaws, according to the company, has garnered a positive response. TVS is planning to introduce a set of new tyre patterns and sizes specially designed to cater to electric two-wheelers in the coming months.

“The company focuses on its research and development efforts in continuously improving the bike and scooter performance for India and global markets. We have developed a range of high-performance radial tyres suitable for the Indian market. TVS Srichakra  is the only company in India to have the entire range of radial technology such as textile cross belted, zero degree textile and zero degree steel,” said Sivaramakrishnan. 

TVS Eurogrip is also developing a range of high performance zero degree steel- belted radial tyres  for Europe and other markets.

Bounce Back With Changes In Trends

Covid has changed the dynamics of the two-wheeler industry. After a setback last year, the motorcycle industry is bouncing back, and a complete recovery is expected in the next three years.

In the luxury travel markets, the company sees an average gradual decrease of displacement and an increase of scooter and street models. In contrast, in the utility markets, there is a gradual increase in displacement and increased models variety and segmentation.

According to the company, the utility vehicle-driven market is growing in the fast-growing economies. It is predominant by personal two-wheelers, consisting mainly of scooters, mopeds and motorcycles with low average displacement and higher average mileage for commuting purposes, whereas in luxury vehicle markets, personal two-wheelers are used for commuting and leisure purposes and as a status symbol.

“Compared to the Indian bike market, bikes in the leisure market such as the US are used mainly for free time purposes by riders with a much higher and ever-increasing average age. As a result, the leisure markets have seen reduced usage and a lower propensity to buy a replacement bike. To tackle this, bike makers are focusing on less represented groups – young people and female riders. An increasing number of manufacturers have recently released various models in 200 to 450 cc range and electric mobility. Compared to the traditional 600 to 1200 cc  markets , these midsize motorcycles are lighter, less expensive, easier to ride and on par with their bigger brothers in terms of quality, style and tech equipment. While more and more manufacturers develop and release these models for leisure markets, we expect that their availability will also reach India and other Asian markets,” said a TVS Eurogrip official.

Push For Electric Mobility

Though slower compared to the e-passenger car industry, the electric two-wheeler industry is gaining traction worldwide. Banning ICE-driven two-wheelers in coming decades, stricter regulations on pollution and improving technologies like longer battery duration and charging infrastructure will further fuel demand for electric mobility in two-wheelers.

“To get behind this moment, an increasing number of motorcycles and scooters are being launched to satisfy customers’ expectations. Alongside, traditional manufacturers are enlarging the capability to include electric vehicles. Many new players are emerging with an exclusive focus on the segment,” added the official.

Eurogrip Product Development for Global Market

To boost its international growth, TVS Srichakra is launching several new products aimed to fit vehicles and riders worldwide. In 2021, the company has launched Bee Connect and Bee City. In 2022, the company will launch the Climber XC for the off-road segment, which will target Motocross and Enduro vehicles. The company will also launch the Road Hound. These tyres will be for the sport-touring segment, which will target naked, sports and tourers. It will also launch the BEE Sports for the sport commuting segment to cover scooters and underbones. Going forward, it will target super sports, medium & big trail and cruiser & heavy tourers.

Testing Capabilities

Today, the company has test tracks in Madurai for testing handling performance and grip in wet and dry conditions on various surfaces such as asphalt, concrete etc. with different friction coefficients. It has its own indoor durability laboratory for tyres, which is capable of testing tyres up to speeds of 300 kmph, and indoor tyre characteristics laboratory, which is capable of accurately measuring tyre rolling resistance, 3-axis stiffness, tyre force and moment characteristics, footprint pressure distribution etc.

“Finite Element Methods (FEM) and Multi-Body Dynamics (MBD) are two focus areas for us, where we use internally developed methods to predict the performance of the tyre on a standalone basis using FEM and simulate driveability performance using MBD. With such simulation tools, we can get the right tread pattern, tyre construction and compound combination to deliver precision performance,” said the company CTO.

The company’s research and development activities are focused on reducing the impact on the environment and maximising performance for end customers. “We continuously explore and adopt technologies which enable us to use recycled material, biodegradable material and reduce energy consumption in tyre production. We have many patents filed in this area,” added Sivaramakrishnan. (TT)

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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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MAXAM is set to showcase its advanced agricultural tyre solutions at Agritechnica 2025 in Hannover from 9 to 15 November. Visitors can find the company at Stand A04 in Hall 20, where the exhibition theme ‘More Pull. Less Fuel’ will guide the presentation. This philosophy underscores the company's dedication to developing tyres that enhance operational efficiency and contribute to more sustainable farming practices by reducing fuel consumption and soil compaction. The event provides a significant opportunity for MAXAM to demonstrate its commitment to innovation and the expansion of its product portfolio.

On display will be a range of DLG-awarded tyres, including robust models for high-horsepower tractors and versatile options for specialised implements, illustrating the company's technical breadth. Beyond presenting products, MAXAM considers the trade fair a vital meeting point for industry collaboration. It serves as a platform for direct engagement with farmers, partners and machine manufacturers, whose feedback provides invaluable, real-world insights that directly influence the future direction of product and service development, ensuring they remain precisely aligned with evolving market needs.

As a part of SAILUN Group, one of the 10 largest tyre manufacturers in the world, MAXAM leverages its extensive international presence and collaborative research initiatives to drive continuous innovation. The company is dedicated to advancing agricultural tyre technology, creating sophisticated solutions that directly address the evolving demands of modern farming. This focus encompasses critical areas such as enhanced sustainability, improved cost-efficiency and superior field performance.

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Radar Tires has expanded its US distribution network with the opening of two new domestic distribution centres in Knoxville, Tennessee, and Parkesburg, Pennsylvania, as part of efforts to strengthen product accessibility and service reliability for its growing customer base.

The expansion increases the brand’s domestic distribution centres from one to three. It aims to improve delivery efficiency and inventory availability across key regions, particularly in the Southeast and Northeast of the United States.

“Stocking domestic tyre inventory is a key part of the Radar strategy going forward,” said Rob Montasser, Vice President of Sales for Radar Tires, USA. “It ensures our distributors and retailers have easy access to the products that their customers need, without the long lead times or supply chain uncertainty. These new locations allow us to be faster, more flexible, and more dependable.”

The company said the additional facilities will reduce delivery times and ensure that its core product range remains readily available to meet rising market demand.

With existing operations in Texas, the addition of centres in Tennessee and Pennsylvania underscores Radar Tires’ long-term strategy to enhance supply chain responsiveness and reinforce its position as one of the most customer-focused distribution networks in the tyre industry.

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Cabot Corporation reported lower quarterly earnings, as weaker demand in its Reinforcement Materials segment and softer volumes in Performance Chemicals weighed on results. However, the company ended fiscal 2025 with solid cash flow and continued shareholder returns.

For the fourth quarter ended 30 September, Cabot posted net income of USD 43 million, or USD 0.79 per share, compared with USD 137 million, or USD 2.43 per share, in the same period a year earlier.

Full-year diluted earnings per share were USD 6.02, while adjusted earnings per share rose 3 percent year-on-year to USD 7.25.

“I am very pleased with another strong year of Adjusted EPS growth where we achieved USD 7.25, up 3 percent year over year, in a year with a challenging macroeconomic backdrop,” said Sean Keohane, Cabot’s President and Chief Executive Officer. “This performance was driven by higher EBIT in our Performance Chemicals segment, which increased 18 percent year over year, partially offset by EBIT in our Reinforcement Materials segment, which declined 5 percent.”

Cabot’s revenue for the quarter fell to USD 899 million from USD 1.0 billion a year earlier, while full-year sales declined to USD 3.7 billion from USD 4.0 billion.

The Boston-based speciality chemicals manufacturer said fourth-quarter cash flow from operations totalled USD 219 million, enabling USD 64 million in shareholder returns through dividends and share buybacks. For the full fiscal year, Cabot generated USD 665 million in operating cash flow, funding USD 274 million in capital investments, USD 96 million in dividend payments and USD 168 million in share repurchases.

Keohane said the company’s balance sheet remained strong, with a net debt-to-EBITDA ratio of 1.2 times, providing flexibility to invest in growth while continuing to return capital to shareholders.

The company’s Reinforcement Materials segment reported a USD 4 million decline in EBIT from the prior-year quarter, reflecting lower volumes in the Americas and Asia Pacific, partly offset by cost efficiencies. Global volumes fell 5 percent, including a 7 percent drop in the Americas, where lower tyre production by customers was attributed to increased Asian tyre imports.

Performance Chemicals EBIT decreased USD 2 million year-over-year, mainly due to a 5 percent drop in volumes led by weaker demand in Europe, particularly from construction-related applications.

Cabot ended the quarter with  percent 258 million in cash and spent percent 64 million on capital expenditures. The company recorded a 55 percent effective tax rate in the fourth quarter and an operating tax rate of 27 percent for fiscal 2025.

Looking ahead, Keohane cautioned that market conditions remain challenging, particularly in the Reinforcement Materials sector. “We do not yet see signs of improvement in the external environment, particularly as it relates to regional demand trends in Reinforcement Materials due to the impact of elevated Asian tire imports into western regions,” he said.

The company anticipates improvement in Performance Chemicals, led by growth in battery materials and infrastructure-related applications, while maintaining strong cash flow to support investment and shareholder returns.

“While market conditions remain challenging, we continue to execute on our foundation of commercial and operational excellence, and we remain focused on managing costs, strengthening operations, and positioning the company for long-term growth,” Keohane said.

In fiscal 2025, Cabot also announced an agreement to acquire Bridgestone Corporation’s reinforcing carbons plant in Mexico and released its 2024 Sustainability Report, noting it had achieved 11 of its 15 sustainability goals ahead of schedule and established new 2030 targets.

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