- Hankook Tire
- Optimo
- Summer Tyres
- All-Season Tyres
- Winter Tyres
Hankook Tire’s New Optimo Sub-Brand Launched In Europe
- by TT News
- January 21, 2025
Hankook Tire is introducing its new Optimo sub-brand in Europe. With a more varied brand portfolio, Hankook will be able to better serve consumer demands and grow its market share in Europe.
One of Hankook's incredibly popular heritage all-season tyres served as the inspiration for the Optimo brand name. It stands for Optimo's dependability and capacity to satisfy strong demand with a condensed product line that accommodates a variety of client needs in all seasons. Hankook's current premium and related passenger vehicle tyre brands are enhanced by Optimo. In a market category where demand is rising, the lineup is made to provide enough market coverage with key items.
By giving customers a dependable and trustworthy choice, the portfolio addition seeks to promote Hankook's expansion. As competition heats up, Optimo will help protect market share by providing fresh chances in unexplored markets and channels. With an emphasis on performance and dependability, the brand will provide a distinct and targeted product line that includes summer, all-season and winter tyres. In order to increase brand recognition and loyalty, Hankook will support Optimo with sales support resources that will be accessible both online and offline.
Hankook Tire will support Optimo, guaranteeing that consumers will identify it as a brand made by a reliable and respectable company. All marketing and sales collateral will clearly display this endorsement, highlighting Optimo's dependability and integrity. In the second quarter of 2025, the brand will be expanded to further areas outside of Europe.
Jongho Park, COO, Hankook Tire Europe, said, “In recent years, Hankook has seen tremendous growth in the European market. With the introduction of Optimo, we are now setting course to continue this success story in the future.”
- International Finance Corporation
- Sustainability-Linked Loan
- JK Tyre
- Cavendish Industries Limited
IFC Sanctions USD 100 Million Sustainability-Linked Loan to JK Tyre
- by TT News
- January 21, 2025
International Finance Corporation (IFC) has sanctioned a USD 100 million sustainability-linked loan (SLL) to JK Tyre. The funding includes USD 30 million to JK Tyre and Industries Limited and up to USD 70 million for Cavendish Industries Limited (CIL), a subsidiary of JK Tyre.
The funding will support the expansion of tyre manufacturing capacity, focusing on passenger car radial (PCR) tyres at JK Tyre's Banmore plant in Madhya Pradesh and truck and bus radial (TBR) tyres at CIL’s Laksar plant in Uttarakhand. The initiative aims to promote energy-efficient tyre production, strengthen local supply chains and create jobs.
Commenting on the development, JK Tyre and Industries Chairman Dr Raghupati Singhania said, “We are delighted to strengthen our relationship with IFC, securing a $100 million Sustainability-Linked Loan (SLL) to fund our growth plans. By aligning financing to sustainability goals, we aim to drive positive environmental and social impact while achieving our growth objectives. This reaffirms our commitment to sustainable development, while embracing a holistic approach to bolster our presence in key product segments.”
IFC’s Regional Vice President for Asia and the Pacific Riccardo Puliti said, “Sustainable manufacturing is key to realizing India’s green ambitions. The enduring partnership between IFC and JK Group demonstrates our shared commitment to this vision. Our latest investment will drive climate-smart manufacturing, enhance supply-chain integration, create quality jobs, and propel India towards self-reliance in domestic production. The SLL, a first in India’s tyre industry, aims to set a benchmark and catalyze widespread adoption across the manufacturing sector.”
- CEAT
- World Economic Forum
- RPG Group
CEAT’s Chennai Plant Joins WEF Global Lighthouse Network
- by TT News
- January 21, 2025
CEAT has reached a significant milestone with its Chennai plant being recognised as part of the World Economic Forum’s (WEF) Global Lighthouse Network. This makes CEAT the first tyre brand globally to receive such an honour. The inclusion of the Chennai plant further builds on the success of CEAT’s Halol facility, which was the first tyre plant in the world to be inducted into the network. This recognition highlights the company’s commitment to embedding advanced Fourth Industrial Revolution (4IR) technologies at scale to drive innovation and operational excellence.
The Global Lighthouse Network identifies and celebrates manufacturing facilities that have achieved transformative outcomes through the use of 4IR technologies such as artificial intelligence (AI), the industrial Internet of Things (IIoT), robotics and advanced analytics. CEAT’s Chennai plant exemplifies this approach, showcasing measurable improvements across various key areas.
The deployment of advanced analytics and real-time monitoring systems has led to an 18 percent reduction in cycle times, while operation costs have been reduced by 31 percent. In terms of sustainability, the plant has made significant strides with eco-efficiency initiatives in energy and water usage, resulting in a 47 percent reduction in scope 1 and 2 emissions. These achievements align with CEAT’s ongoing commitment to sustainable manufacturing practices.
Additionally, the plant has prioritised workforce digital enablement with over 80 percent of its workforce now equipped with digital tools, enabling data-driven decision-making and enhanced automation workflows. This further underscores CEAT's leadership in adopting digital transformation strategies to enhance both productivity and sustainability.
Speaking on the achievement, RPG Group Vice Chairman Anant Goenka said, “The recognition of our Chennai plant as a WEF Lighthouse is a remarkable milestone for CEAT, marking our second facility to join this prestigious network. The deployment of advanced digital solutions has improved dispatch turn around by 54 percent and labour productivity by 25 percent. This underscores our continued commitment to leveraging digital transformation to drive operational excellence, sustainability, and innovation across our manufacturing units.”
Senior Vice President of Manufacturing at CEAT, Jayasankar Kuruppal, stated “This recognition underscores our vision of establishing intelligent factories that not only deliver business value but also contribute meaningfully to environmental sustainability. The Chennai plant has redefined benchmarks in productivity through the seamless integration of advanced technologies while maintaining a strong focus on resource efficiency. This accomplishment reaffirms CEAT’s role as a global leader in manufacturing excellence, setting a benchmark for future readiness and innovation.”
Speaking about the announcement, Head of Centre for Advanced Manufacturing and Supply Chains, World Economic Forum, Kiva Allgood, said, "Across our Global Lighthouse Network, digital technologies are revolutionizing production ecosystems. From AI-driven control towers to zero-code workflows, Lighthouses exemplify sustainable innovation, setting benchmarks millions can follow to drive transformational change across the entire ecosystem."
- Indag Rubber
- Win Master
- Bharat Mobility Global Expo 2025
Indag Rubber Unveils Win Master at Bharat Mobility Expo 2025
- by TT News
- January 21, 2025
Indag Rubber launched its latest innovation called the Win Master at the Bharat Mobility Global Expo 2025. This pre-cured tread rubber brand promises an unmatched mileage of over 1 lakh kilometres on radial tyres. With its advanced engineering and rigorous testing, Win Master brings a significant opportunity for fleet operators to lower operational costs while maintaining durability and superior performance.
Backed by extensive tests on radial tyres, Win Master ensures longevity on India’s challenging road conditions. It offers dramatic reduction in cost-per-kilometre , translating into substantial savings for fleet operators.
Commenting on the occassion, Chief Executive Officer Vijay Shrinivas said, “The launch of Win Master at Bharat Mobility Expo reflects our unwavering commitment to innovation and value creation for our customers. By providing unparalleled mileage and reducing operational costs, Win Master is a game-changer for fleet owners across India.”
- Ralson Tyres
- commercial tyre market
- Bharat Mobility Global Expo
Ralson Tyres Forays Into Commercial Tyre Market
- by TT News
- January 20, 2025
Ralson Tyres has marked a pivotal milestone with its entry into the Indian commercial tyre market, unveiling a premium range at the Bharat Mobility Global Expo. This strategic expansion elevates Ralson from its leadership in bicycle tyres to an emerging force in both automotive and commercial tyre segments.
“We are thrilled to introduce our premium range of commercial tyres to the Indian market,” said Mr. Manjul Pahwa, Managing Director of Ralson Tyres. “Our global success in markets like North America, Europe, Latin America, Africa, and the Middle East has provided us with valuable insights into the evolving needs of the trucking industry. We are excited to bring these high-performance tyres to India, ensuring that the local transportation sector benefits from superior quality, enhanced fuel efficiency, and durability.”
Ralson’s commercial tyres are designed to excel in performance, durability and fuel efficiency. The range offers superior traction, extended tread life and reduced rolling resistance, delivering lower operating costs while minimizing environmental impact. Advanced features enhance safety and handling, making them ideal for demanding commercial applications across a variety of sectors.
Leveraging its extensive network of 43 sales and service offices across India, Ralson Tyres is fully equipped to provide exceptional customer support across india. The company is dedicated to building long-term relationships with its customers by offering personalised service and addressing the specific needs of the Indian commercial sector.
Ralson Tyres inaugurated its state-of-the-art manufacturing facility in Indore in 2023, and, is set to cater to the rising demand for high-performance commercial tyres in India. The 60,000 MTPA-capacity plant, which is currently nearing its full productivity, has already been catering to global markets including North America, Europe, Latin America, Africa, and the Middle East. Following global success, Ralson Tyres launched the superior quality, premium, commercial tyres for sale in the fast-growing Indian market.
The Indian commercial tyre market is poised for significant growth, driven by factors such as increasing freight volumes, the development of world-class expressways, robust economic growth, and a shift towards high-quality radial tyres. Industry analysts predict the market will grow at a CAGR of 10% in the coming years, presenting a tremendous opportunity for companies like Ralson to tap into this expanding demand.
“We are thrilled to introduce our premium range of commercial tyres to the Indian market. Our global success in markets like North America, Europe, Latin America, Africa, and the Middle East has provided us with valuable insights into the evolving needs of the trucking industry. We are excited to bring these high-performance tyres to India, ensuring that the local transportation sector benefits from superior quality, enhanced fuel efficiency and durability,” said Managing Director Manjul Pahwa.
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