However, as is evident now, we were caught unawares. Mutated strain of the virus took India in its stride as we were yet to work out a robust vaccination strategy. To curb the spread and manage the health emergency getting out of control in view of paucity of beds, oxygen and ventilators, a large number of states-imposed lockdowns and other restrictions which continue till date. 

As is normal under such circumstances, the economy bears the brunt and that is what seems to have happened. The fragile economic recovery seen in the second half of FY21 seems to have gone derailed. Consumer confidence has hit a new low as shown in a recent survey. Different rating agencies and multilateral organizations have downwardly revised the growth projections for the current fiscal year. From a bullish 11-13% growth (in view of base effect), the projections are now for growths in single digits only.

Needless to say, the pitch for economic revival is queered.  But, curiously, as Covid infections come off from the peak levels and the recovery rates go up, a new kind of confidence is building up. The infection rates are coming down with as much alacrity as they had peaked.

Certainly, there is no room for any complacency as premonitions of a third wave have already been made. However, the vaccination strategy to inoculate a large number of Indians by the end of the year holds much hope. It has been observed that those countries that have already inoculated over 50% of their population have witnessed much less morbidity and mortality rates.

What also holds out hope are a range of high frequency indicators which show the resilience of the Indian economy and the entrepreneurship that shines through whenever an opportunity is provided. The economic growth in the fourth quarter of last fiscal has been better than expected. From a contraction of 24.4% and 7.4% in the first and second quarters, the economy turned around in the third one with 0.5% growth and ended the year with 1.6% growth in Q4.

There are a range of other indicators too. Industrial performance measured by IIP grew by 22.3 percent in March. Merchandise exports grew by 197 percent in April. The output of eight core infrastructure sectors grew by robust 7% in March. Manufacturing PMI has remained at a high of over 55 in March and April. GST revenue collection set a new record of Rs. 1.4 lakh crore in April.

If the tyre  production data for FY21, as released recently, is anything to go by, Tyre Industry will continue to put the wheels of economy in motion against all odds. No doubt, Tyre Industry's overall numbers are down in FY21. However when looked closely, there is ample evidence that points to the resilience  in the sector. Truck & Bus (T&B) tyre production, the bellwether of economy has turned in better performance in FY21 over FY20. And this despite the fact that April’20 was a washout in view of nationwide lockdown. Both T&B and Passenger Car tyre production touched significantly higher figures in March this year with T&B tyre production crossing 20 lakh numbers, a historic high.

FY21 will also go down as a landmark year when Radial Truck & Bus tyre production equalled that of Bias tyre production. Tyre exports from India have charted an upward trajectory in the second half of previous fiscal as the stability was achieved in the exports markets.

Forecast of a normal monsoon (third in a row) and the upcoming festive season can provide much-needed impetus to the economy if vaccination drive accelerates and Covid appropriate measures are followed strictly.

No doubt, the situation is still in a flux, and it is too nascent to gauge the true impact of the second wave on economic growth.  But ramping up the vaccination drive and inoculating the entire adult population as early as possible will help.

And there is a major shift again in the vaccination policy. As this column gets on the editor’s desk, the federal government has decided to provide free coronavirus vaccines to states for inoculation of all above the age of 18.

FY 21 could not live up to the expectations that most Indians had. Hope the next year will. (TT)

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Hankook Tire marked a significant design milestone on 15 October at the Capitol Theatre in Singapore, where the company was honoured during the Red Dot Award 2026 ceremony for Design Concept. The tyre manufacturer celebrated two Best of the Best accolades, with design team members present to represent the winning projects.

The recognition stemmed from the competition’s Design Concept category, where Hankook secured two top honours and four Winner awards. The winning entries, announced in August, included the i-Flex Gen 2, an airless concept tyre, and Medi Buddy, a futuristic medical mobility design. The i-Flex Gen 2 represents an evolution of the company’s airless tire research since 2015, introducing an industry-first circumferential spoke structure that improves low-noise performance and driving stability while enhancing visual appeal for future electric and autonomous vehicles.

Medi Buddy emerged from an industry-academic partnership with Korea Design Membership Plus, a student talent programme managed by the Korea Institute of Design Promotion. Operating under the Mobile AI 2030 theme, the concept combines autonomous driving and artificial intelligence into an interactive smart IV system aimed at engaging hospitalised children, reducing their fear of hospitals and offering emotional comfort.

The award-winning concepts will be displayed in a special exhibition at the Red Dot Design Museum Singapore. The Red Dot Design Award ranks among the world’s three major design honours, alongside Germany’s iF Design Award and the US-based International Design Excellence Awards. Hankook previously became the first Korean company to earn the Red Dot Luminary honour in 2015, followed by the tyre industry’s first iF Gold Award in 2016 and an IDEA Bronze Award in 2017, completing a sweep of the top three global design awards.

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The German Rubber Industry Association (wdk) reported in Frankfurt am Main that used tyre disposal and recycling firms continue to face substantial shortages of used tyres, undermining a secure supply of secondary raw materials essential to a resilient and sustainable circular economy.

According to wdk Technical Director Stephan Rau, roughly 84,000 tonnes of used tyres were unaccounted for last year. These, and potentially far larger volumes, are suspected to have been exported outside the EU for incineration or pyrolysis under dire health and environmental conditions, removing them from German recyclers and the circular economy.

Although the loss rate has edged downward, the association argues that systematically recording waste tyres and their recycling pathways remains the most effective countermeasure. The wdk and allied organisations have urged this approach for years, describing it as easy to implement and capable of significantly strengthening the circular economy, provided political will emerges to support a functioning recycling system.

Rau also cited newly published statistics showing Germany generated 522,000 tonnes of waste tyres in 2025. Of that total, 210,000 tonnes became granules and rubber powder, now nearly triple the amount thermally recycled in the cement industry – a development the wdk called strongly positive, while noting that comprehensive quantity recording could enable substantially more tyres to be recycled.

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Goodyear is presenting a collection of forward-looking concept and production vehicles at the Mondial de l’Auto Paris 2026 (Paris Motor Show 2026), taking place from 12 to 18 October at Paris Expo Porte de Versailles, highlighting how tyres shape automotive design. For over a century, the company has influenced vehicle appearance, performance and driver connection, with its Advanced Design Studio partnering with manufacturers to create tyres that complement design, reinforce brand identity and support future mobility.

Sebastien Fontaine, Lead Designer at Goodyear’s Advanced Design Studio in Luxembourg, has explained that concept vehicles require customised tyres forming part of a vehicle’s visual identity and supporting the car designer’s vision. Close collaboration with OEM design teams lets Goodyear create unique solutions from early development through public reveal, using laser-carving technologies, customised sidewall treatments and premium production platforms.

Opel’s Sports Tourer eXperimental Concept, displayed on the Opel stand, represents the next stage of the brand’s design philosophy and a bold vision for the electric estate of tomorrow. Its prominent ‘Opel Vizor’ face is accented by strong lighting signatures front and rear, while the side features fluid, technical surfacing, extendable diffuser elements and three-zone alloy wheels. The customised tyres, based on the Goodyear Eagle F1 Asymmetric and sized 285/35R22, were tailored to complement the concept’s athletic stance, with visual cues extending from rim to sidewall.

Peugeot’s RCZ Vision concept debuts as the latest expression of the ‘Feline Future’ design language, inspired by the RCZ Coupé produced between 2009 and 2015. It embodies a feline stance leaning forward, with defined shoulders and a light signature of three horizontal claws front and rear. Its electric architecture includes a solid-state battery and ‘X-by-Wire’ technologies, with 500 horsepower delivered through 21-inch front and 22-inch rear forged-aluminium wheels. Tyres based on the Goodyear Eagle F1 SuperSport, sized 255/35R21 and 295/30R22, feature a bespoke sidewall treatment connecting tyre to wheel and displaying the Goodyear and Eagle names.

Across the show, a wide range of production vehicles carry Goodyear tyres, spanning utility, sports, off-road, electric and petrol-powered models. These tyres are developed for efficiency, grip and durability, enhancing each vehicle’s capabilities. Highlights from Audi, Mercedes-Benz, Jeep, DS, Volkswagen, Lancia, Fiat, Renault and others can be followed on Goodyear’s social channels.

Goodyear’s concept vehicle presence extends beyond the current show. For decades, it has collaborated with manufacturers on visionary concepts through innovative tire designs and custom OE partnerships. Milestones include the 2013 Wingfoot Concept and the 2015 BH-03 Concept, which introduced ideas around energy generation and intelligent mobility. The 2016 Eagle-360 Concept, featuring a spherical tire design, challenged conventional thinking about autonomous mobility, was named one of TIME Magazine’s ‘Best Inventions of 2016’ and earned several design awards.

Later concepts including IntelliGrip, Eagle-360 Urban, Oxygene, Aero and reCharge explored artificial intelligence, autonomous transportation, sustainable materials, flying mobility and renewable tyre technologies, with several earning international design and innovation awards. More recent collaborations include the Citroën Skate Concept, Citroën Oli, Toyota Aygo X Prologue, Lancia PU+RA HPE, Opel Experimental and Peugeot Polygon.

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The Alliance for the Future of Tires (AZuR) is organising the NRW Tire Recycling Forum on 10 November 2026 at the Lohrheide Sports Park in Bochum, running from 10:00 a.m. to 2:00 p.m. Held under the umbrella of the North Rhine-Westphalia Roundtable on Circular Value Creation, the free event targets municipal officials responsible for building, sports, green spaces, road and civil engineering, along with sustainability and climate protection managers.

Discarded tyres can be transformed into an array of construction materials, including impact-absorbing sports surfaces, sound and vibration insulation and protective layers for green roofs and photovoltaic installations. The gathering will examine how municipalities can integrate such recycled goods into their infrastructure and building projects.

Expert presentations, real-world case studies and details on funding programmes for urban development and sports initiatives across North Rhine-Westphalia form the core of the agenda. Public procurement will receive particular attention, with discussion centring on how technology-neutral, quality-focused tendering can encourage greater adoption of suitable recycled products in municipal work.

A guided tour of the Lohrheide sports park's newly installed running track, which contains tyre rubber granulate, serves as a principal attraction. Attendees will learn about the material's characteristics, the construction process and lessons drawn from planning, tendering and execution, offering concrete evidence of mechanical tyre recycling within a functioning circular economy. The event also connects to North Rhine-Westphalia's new circular economy strategy, which treats used tyres as a distinct field of action.

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