India Ratings Revises Outlook On CEAT's NCDs And Term Loan To Positive, Affirms 'IND AA'

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CEAT, one of India’s leading tyre manufacturers, today announced that India Ratings and Research (Ind-Ra) has affirmed the ‘IND AA’ rating and changed the outlook to ‘Positive’ from ‘Stable’ for the company's term loan and non-convertible debentures (NCDs). Additionally, the agency has affirmed 'IND A1+' rating on the company's commercial paper programme.

The revised outlook reflects Ind-Ra's estimate that volume growth from ongoing and completed capex would continue to fuel an increase in CEAT's scale of operations. The agency also praised CEAT's sound operating cash flow and effective working capital cycle.

CEAT has shown impressive revenue growth, with consolidated revenue rising to INR 119.4 billion over FY21–FY24 at a compound annual growth rate (CAGR) of 16 percent. The company's net adjusted leverage dropped to 1.3x in FY24, and its EBITDA margins increased significantly to 13.8 percent in FY24 from 8.6 percent in FY22.

The company has lessened the volatility in cash flow generation by concentrating on the two-wheeler, three-wheeler, passenger car radial tyres and off-road segments, which account for around 60 percent of revenue. In FY25, CEAT intends to invest about INR 10 billion in capital expenditures, mostly for off-highway tyre capacity in Ambernath and radial truck and bus tyre capacity in Chennai.

Commenting on the positive outlook revision, Arnab Banerjee, MD & CEO, CEAT, said, "The positive outlook revision from India Ratings is a testament to our strategic focus on growth segments, operational efficiencies and prudent financial management. We remain committed to strengthening our market position while maintaining a healthy financial profile."

Kumho Tire Streamlines SUV And Truck Tyre Selection With Expanded Road Venture Lineup

Kumho Tire Streamlines SUV And Truck Tyre Selection With Expanded Road Venture Lineup

Kumho Tire U.S.A. is addressing the evolving demands of the American automotive market, where light trucks, including pickups, SUVs and crossovers, now represent 80 percent of new vehicle sales. As this segment continues to expand, the complexity of selecting the appropriate tyre has increased for owners. In response, Kumho is promoting its Road Venture family, which utilises a straightforward nomenclature and clear performance tiers to guide consumers towards the optimal choice for their specific lifestyle and driving requirements.

The Road Venture series is comprised of four specialised models, each engineered for a distinct driving environment. These include the highway-focused HT, the versatile AT52 for all-terrain use, the RT for enhanced off-road capability and the MT71, which is designed for maximum traction in mud-terrain conditions. This structured approach allows drivers to easily navigate the selection process based on their primary usage patterns.

Engineered predominantly for paved surfaces, the new Road Venture HT is an all-season highway-terrain tyre that prioritises a quiet, comfortable ride and dependable performance in diverse weather conditions. It holds the Three-Peak Mountain Snowflake certification for severe winter service and is backed by a limited treadwear warranty of 75,000 miles for P-metric sizes and 50,000 miles for LT-metric sizes, aligning its durability with higher-priced competitors.

For those requiring a compromise between on-road civility and off-road exploration, the Road Venture AT52 offers an all-terrain solution that manages dirt and gravel while maintaining low noise levels. It also carries the 3PMSF rating and comes with a 55,000-mile warranty for P-metric and 50,000 for LT-metric sizes. Bridging the gap between all-terrain and mud-terrain tyres, the new Road Venture RT provides rugged-terrain traction without forfeiting on-road refinement, supported by a 50,000-mile warranty. The lineup culminates with the MT71, featuring aggressive tread blocks and stone ejectors for superior grip in mud and rocky environments, catering to serious off-road enthusiasts.

Carolina Wagner, Vice President – Marketing, Kumho Tire U.S.A., said. "Tyres are one of the most important safety components on any vehicle, yet many consumers find the tyre shopping process overwhelming because of the sheer number of options available. Our Road Venture lineup was designed with a simple naming structure and clear performance distinctions to help drivers confidently choose the tyre that best fits their lifestyle and driving needs, whether they spend most of their time on the highway, explore trails on weekends or tackle demanding off-road terrain."

Yokohama Rubber And RAOT Host 11th Natural Rubber Farmer Seminar In Thailand

Yokohama Rubber And RAOT Host 11th Natural Rubber Farmer Seminar In Thailand

The Yokohama Rubber Co., Ltd., in collaboration with the Surat Thani branch of the Rubber Authority of Thailand (RAOT), hosted an educational seminar for natural rubber farmers in June 2026. The event took place in Surat Thani province, where the company’s local processing subsidiary, Y.T. Rubber Co., Ltd., (YTRC) is based. Fifty farm households participated in the session, which represented the 11th such gathering since the programme began in 2020. Following the lectures, Yokohama Rubber distributed fertiliser, developed with RAOT’s technical input, to all attendees at no cost.

This initiative stems from a Memorandum of Understanding signed between Yokohama Rubber and the RAOT in January 2020, aimed at providing economic assistance to Thai growers and improving supply chain traceability. The seminar forms a core component of the company’s farmer-support activities under that agreement, organised regularly through the local YTRC office to ensure alignment with Yokohama Rubber’s sustainable procurement policy.

The curriculum covered soil nutrition, proper fertilisation methods, contamination prevention, workplace safety, health management and farm operations. Guest representatives from local government agencies, the police and a regional hospital delivered presentations on legal employment practices, human rights protections for foreign and ethnic minority workers, transportation safety and occupational health measures to prevent tapping-related injuries.

Participant feedback from post-event questionnaires indicated heightened awareness of systematic cultivation techniques and quality assurance. Farmers acknowledged previously haphazard fertilisation practices and gained a clearer understanding of contamination risks through direct engagement with the processing subsidiary. Several attendees expressed intentions to share their newfound knowledge with tappers, while others voiced appreciation for a tire manufacturer’s grassroots involvement, thereby deepening mutual trust. As a founding member of the Global Platform for Sustainable Natural Rubber (GPSNR), Yokohama Rubber continues to implement its revised procurement policy supporting small-scale suppliers. The company remains committed to publishing further initiatives under its sustainability motto, ‘Caring for the Future’, addressing social challenges through business operations.

Tegeta Green Planet And Shine Energy Host Sustainability Workshop At Gergeti School

Tegeta Green Planet And Shine Energy Host Sustainability Workshop At Gergeti School

Tegeta Green Planet, in collaboration with Shine Energy, recently conducted an educational initiative at Gergeti School for students in grades 8 through 10. The session was designed to foster awareness about sustainable development among the younger generation.

The programme, titled ‘A Sustainable Future: Environment, Transport and Energy’, centred on the impact of daily human activities on the planet. Discussions emphasised the critical need for proper waste segregation, resource conservation and the adoption of renewable energy sources to mitigate environmental degradation.

A significant portion of the event focused on the hazardous nature of waste tyres, used oils and batteries. Students were informed about the severe consequences of improper disposal, including contamination of natural resources, and were shown how recycling can recover valuable materials. The concept of Extended Producer Responsibility was also introduced, highlighting the legal and ethical duties of manufacturers and importers to manage their products' lifecycle. Tegeta Green Planet’s role in assisting companies with these obligations was a key point of the presentation.

The interactive session encouraged active participation through group discussions and practical exercises. Students collaborated to solve environmental challenges, reinforcing their learning through real-world applications. All attendees received certificates and gifts at the conclusion of the event. This visit is part of a broader, ongoing effort by both organisations to promote responsible consumption and environmental stewardship in educational settings, aiming to empower students to make informed, sustainable choices in their everyday lives.

Sri Trang Agro-Industry Strengthens Resilience Through New Palm Oil Venture

Sri Trang Agro-Industry Strengthens Resilience Through New Palm Oil Venture

Sri Trang Agro-Industry Public Company Limited (STA), the world's largest fully integrated natural rubber enterprise and a leading Thai rubber glove manufacturer, has announced a significant strategic diversification through its subsidiary, Sri Trang Rubber and Plantation Company Limited. The new initiative, named the ‘Sri Trang Palm Growing a Sustainable Future’ project, represents a major step in bolstering the group's long-term business resilience and expanding its operational portfolio.

The project entails a substantial investment exceeding THB 60 million (approximately USD 1.80 million) to pilot oil palm cultivation across a total of 1,461 rai of land, which will accommodate approximately 28,072 trees. These planting areas are strategically located across five key provinces, including Chonburi, Rayong, Sa Kaeo, Surat Thani and Songkhla. The group is implementing its Asset Optimisation strategy, integrating modern agricultural technologies and adhering to its core ESG principles to guide the project's development, with the first harvest anticipated to commence by 2029.

This foray into the palm oil sector is designed to strengthen the Sri Trang Group’s overall business capabilities and enhance portfolio resilience, laying a robust foundation for sustainable long-term expansion. The initiative seeks to maximise the use of existing resources and operational networks while capitalising on new business opportunities, all while maintaining a strong commitment to community, social and environmental responsibility.

A formal kick-off event was held on 19 June 2026, in Sadao District, Songkhla Province, to mark the project's official commencement. The ceremony saw the active participation of company executives and employees, who together planted the first palm tree, symbolising the group's dedication to building a sustainable new venture and generating lasting value for both society and the environment.

Veerasith Sinchareonkul, Chief Executive Officer, Sri Trang Agro-Industry Public Company Limited, said, “The ‘Sri Trang Palm Growing a Sustainable Future’ project reflects the Group’s commitment to leveraging organisational potential and optimising the use of the Group’s resources, based on the Asset Optimisation concept. This involves developing the Group’s land to create long-term added value while growing responsibly alongside our communities and creating lasting value for society and the environment. For Sri Trang, this project is not just about expanding into a new cash crop but a significant step in creating shared value for all sectors. It promotes employment, creates jobs, supports the local economy and lays the foundation for stable and sustainable growth in the future. The palm trees planted through this initiative symbolise the Group’s intention to grow alongside the community and pass on a sustainable future to society in the long term.”

Udom Pruksanusak, Chief Executive Officer (Plantation), Sri Trang Rubber & Plantation Company Limited, said, “Sri Trang prioritises a systematic approach to developing its palm oil business, from site selection and the use of quality seedlings to plantation planning and modern agricultural management. In the first phase of planting, the largest proportion of the initial investment has been allocated to Songkhla Province, accounting for 43 percent of the total planting area, as it is suitable in terms of climate conditions, rainfall patterns, infrastructure readiness and connection to the Group's operational and logistics network, which will help maximise the efficiency of plantation management.

“In addition, the project operates under the ESG principles, focusing on sustainable land management, soil and water conservation and the application of technology and innovation, such as geographic information system (GIS), drone technology for agricultural operations, digital field monitoring systems and data-driven decision-making, to maximise operational efficiency, reduce environmental impact and support the sustainable development of surrounding communities. The Group expects to begin commercial harvesting within approximately three years, or around 2029, and will closely monitor the growth trends of the palm trees, the productivity of the selected palm varieties and the overall performance in order to consider development guidelines and opportunities for further expansion of planting areas.”