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.”
JK Tyre Celebrates Global Manufacturing Excellence On World Manufacturing Day
- By TT News
- October 03, 2025

In observance of World Manufacturing Day, JK Tyre & Industries Ltd. has reaffirmed its position as a benchmark-setter in the global manufacturing sector, distinguished by its unwavering commitment to safety, sustainability and process innovation. The company’s foundational ‘Safety First’ principle has been validated through the attainment of the highest Five-Star Safety Rating from the British Safety Council for its entire manufacturing footprint across India and Mexico. This consistent performance led to every one of its manufacturing plants receiving the esteemed Sword of Honour, a testament to its world-class health and safety standards and profound dedication to employee welfare.
Environmental leadership is another cornerstone of JK Tyre’s operations. Its Chennai and Mysuru facilities have been honoured with the Globe of Honour, underscoring exceptional environmental management and a culture of continuous improvement in sustainable practices. Pioneering transparency in the industry, JK Tyre became the first Indian tyre manufacturer to publish Environmental Product Declarations for key products. These independently verified reports provide clear data on environmental impact throughout the product lifecycle, empowering customers with the information needed for sustainable purchasing decisions.
Guiding its long-term ecological strategy, JK Tyre, driven by its validated Science-Based Targets Initiative (SBTi), has committed to halve its carbon intensity by 2030 and achieve carbon neutrality by 2050. The company’s Chennai plant further exemplifies this commitment through its ISCC Plus certification, which verifies the use of traceable, renewable and recycled materials, thereby advancing circular economy principles.
Underpinning all these achievements is JK Tyre’s integrated ‘5P Strategy’, which harmonises People, Product, Process, Planet and Profit. This holistic framework ensures that the company continues to drive technological advancement and operational excellence. On World Manufacturing Day, JK Tyre stands as a trusted leader, seamlessly integrating responsible manufacturing with the future of mobility.
Dr Raghupati Singhania, Chairman & Managing Director, JK Tyre & Industries Ltd, said, “Our founding values of safety, sustainability and care drive every decision we make. The recognition by the British Safety Council and our global certifications stands as testament of our dedication to excellence and our responsibility to people, our planet and progress. As JK Tyre grows globally, we set benchmarks for the entire manufacturing sector.”
Vredestein Quatrac Crowned Best All-Season Tyre In Auto Bild Allrad Test
- By TT News
- October 02, 2025

The Vredestein Quatrac tyre has been named the top-performing all-season tyre by Germany's leading automotive publication Auto Bild Allrad. The tyre received the highest possible rating of ‘Exemplary’ after a rigorous group test against ten major competitors.
The assessment, conducted on a Volkswagen T-Roc fitted with tyres in the common 215/55 R17 size, evaluated performance across dry, wet and snowy terrains. Testing took place at specialised facilities in Germany and New Zealand, the latter chosen to replicate demanding European winter conditions. The Vredestein Quatrac demonstrated exceptional all-round capability, being praised for its balanced and secure handling on every surface.
Its performance was notably dominant in critical safety areas. The tyre achieved first place in both wet braking and snow grip and braking tests. Reviewers also highlighted its resistance to aquaplaning, confirming its reliability in heavy rain. Beyond traction, the Quatrac proved to be a quiet tyre, recording low noise levels that underscore its suitability for electric vehicles, where cabin quietness is paramount.
This latest victory continues a winning streak for the Vredestein brand, which also secured first place in the same publication's test the previous year. As part of Apollo Tyres Ltd, Vredestein has a long history in the all-season segment, dating back to the 1990s, and now offers the most extensive range of all-season products on the market. The Quatrac line includes both standard and high-performance variants, such as the Quatrac Pro+, and is engineered to provide safe braking and stability in all conditions. All tyres in the portfolio are designed to be compatible with modern hybrid and all-electric vehicles.
Daniele Lorenzetti, Chief Technology Officer, Apollo Tyres Ltd, said, “The Quatrac has shown once again that it is the leader in the all-season segment, thanks to superior dynamic capabilities and technical features that make for a safe and enjoyable drive, year-round. As a pioneer of the all-season category, we are continuing to invest in research and development to maintain our leadership position, and we are already looking ahead to the launch of a significant new Vredestein product in this space next year.”
Apollo Tyres Unveils Brand Logo On Indian Men’s Cricket Team Jersey
- By TT News
- October 02, 2025

In a significant development for its brand visibility, Apollo Tyres has launched its logo on the jerseys of the Indian men’s cricket team. This unveiling occurred in Ahmedabad just before the start of the opening Test match against the West Indies, formally activating a major three-year strategic partnership with the Board of Control for Cricket in India (BCCI).
This prominent placement on the men's jersey follows the logo's recent debut on the sleeves of the women's national team during their encounter with Sri Lanka in Guwahati. Together, these events mark a pivotal corporate milestone, integrating the Apollo Tyres brand directly with the country's most beloved sport.
Cricket is widely regarded as the nation's passion, and Apollo Tyres frames its involvement as a profound commitment to celebrating this shared cultural fervour. The company characterises the partnership as more than a commercial strategy; it is an expression of national pride and a dedicated effort to bolster the sport's vibrant ecosystem. By aligning with both the men's and women's national teams, Apollo Tyres aims to support athletic talent and contribute to India's dynamic cricketing culture. The brand now looks ahead to a collaborative journey, anticipating a future filled with shared triumphs and inspirational performances on the global stage.
Neeraj Kanwar, Vice Chairman and Managing Director, Apollo Tyres Ltd, said, “Our logo appearing on the Indian cricket teams’ jersey is a moment of great honour for us. Cricket unites the nation like no other sport, and through this association, we aim to go the distance with the teams and their supporters, embodying the spirit of determination, resilience and excellence.”
Pirelli To Provide Two soft Rear Options For Lombok Moto2
- By TT News
- October 02, 2025

Pirelli has confirmed its tyre allocations for the Moto2 and Moto3 classes at the Indonesian Grand Prix, held from 3 to 5 October 2025 at the Pertamina Mandalika International Circuit in Lombok. This event marks the championship's second consecutive Asian round, moving from Japan to the Indonesian island.
Pirelli’s focus for the Moto2 category is on soft compound rear tyres, a choice driven by the circuit's characteristics and historical data. Riders will have two options: the standard SC0 compound and a development tyre, the E0125. This development tyre uses the same soft compound as the SC0 but features an innovative carcass designed for 2025. Having already been used in eight previous Grands Prix, the E0125 has received positive feedback and is familiar to the competitors. For the front axle, riders can pair these rears with either the SC1 or SC2 compound.
The Moto3 class allocation remains unchanged, with riders having access to both the SC1 and SC2 compounds for the front and rear of their machines. Furthermore, anticipating the region's high risk of sudden, heavy rainfall, Pirelli has proactively increased the wet-tyre allocation for both classes. An additional SCR1 wet tyre has been added for each, bringing the total to five front and six rear wets per rider. This adjustment is a direct response to the challenging local conditions, where a hot and humid climate can see track temperatures soar to 60°C, yet be quickly interrupted by intense downpours.
Giorgio Barbier, Motorcycle Racing Director, Pirelli, said, "Lombok is not a particularly demanding track in terms of abrasiveness, but it presents critical issues related to high temperatures and variable weather conditions. At this time of year, the climate is hot and humid, with the asphalt reaching up to 60 °C, while episodes of intense and sudden rain are not uncommon. To cope with the latter scenario, we have increased the allocation of SCR1 wet tyres by one unit, so as to ensure the necessary coverage in the event of persistent rainfall. As for slicks, the history of this championship and WorldSBK confirms a clear preference for soft compound rear solutions.
"For this reason, in Moto2 we have planned the standard SC0 and its development E0125 evolution, already widely appreciated in previous rounds. We expect that the riders will also be able to quickly find the positive feeling already experienced elsewhere at Mandalika. It's still a track that puts more stress on the front axle than the rear, but both the SC1 and SC2 have already shown great versatility over a wide range of conditions, which is why we're confident they'll offer excellent support in this context too. In Moto3, as usual, the SC1 is the softest option available and will probably be the most chosen in the event of dry asphalt."
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