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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ZC Rubber presented its comprehensive tyre portfolio at the China International Tire Expo (CITEXPO) 2026 in Shanghai, featuring an integrated display of its five core brands: WESTLAKE, GOODRIDE, TRAZANO, CHAOYANG and TIANLI. The exhibition booth was organised to cover a wide range of applications, including passenger car, commercial vehicle, agricultural and off-highway segments. Prominently featured were large-format TIANLI agricultural tyres alongside commercial vehicle offerings, effectively illustrating the extensive scope of the manufacturer’s production capabilities.

Beyond product displays, the company utilised the event to emphasise its expanding global footprint. Attendees were given insights into ZC Rubber’s international business network, strategic brand partnerships and ongoing initiatives in sustainable manufacturing practices. Throughout the expo, the company engaged in extensive dialogues with customers and industry stakeholders from diverse markets, addressing specific product inquiries, regional market demands and potential avenues for future collaboration.

The expo participation underscored ZC Rubber’s commitment to strengthening its worldwide presence across multiple dimensions, from manufacturing and branding to market development. Moving forward, the company reaffirmed its dedication to collaborating with international partners to adapt to changing global market requirements and to pursue emerging business opportunities.

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Hankook Tire has secured a three-year agreement to serve as the official tyre supplier for the RC2, RC3 and RC4 classes of the Kroon-Oil Belgian Rally Championship. Already the exclusive tyre provider for the FIA World Rally Championship and numerous other international series, the company continues to leverage motorsport to validate its high-performance competition tyres.

This new Belgian commitment expands Hankook’s rally portfolio following its Global Partner status with the FIA, while distribution will remain with Kronos Tires to ensure operational continuity. Celebrating its 85th anniversary, the South Korean manufacturer operates across 160 countries with eight production facilities. Its global motorsport footprint now exceeds 70 events, where it supplies tyres or provides team support, reinforcing its technological credentials.

Xavier Schene, Director General of RACB Sport, said, “Throughout 2027, 2028 and 2029, tyres for the RC2, RC3 and RC4 classes in the Kroon-Oil Belgian Rally Championship will be supplied exclusively by Hankook. For competitors, these tyres offer an attractive solution from a competitive perspective as the Korean manufacturer has been the exclusive tyre partner of the FIA World Rally Championship since 2025. From next season onwards, this will also give WRC drivers the opportunity to use Belgian Rally Championship events as test rallies in preparation for WRC events. Hankook tyres are also used in the Junior ERC.”

Manfred Sandbichler, Senior Director, Hankook Motorsport, said, “Naturally, we are very pleased and proud that Hankook will become the exclusive tyre partner of the Kroon-Oil Belgian Rally Championship for the next three seasons in RC2, RC3 and RC4 classes. The BRC is one of the strongest national rally championships in Europe and will provide an excellent showcase for the performance and quality of our asphalt competition tyres.”

 “As BRC Promoter, we are delighted that a global tyre brand such as Hankook has committed to becoming the exclusive tyre supplier of the Kroon-Oil BRC. The competitive package of the tyres is an important asset in this respect and will help us keep costs manageable for our teams,” said Stevy Courteyn on behalf of BRC Promotion.

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Doublestar Tire emerged as a standout exhibitor at the 21st China (Shanghai) International Tire & Wheel Expo (CITEXPO), which commenced on 2 September at the Shanghai World Expo Exhibition & Convention Center. The event, recognised as a premier professional gathering in the Asia-Pacific region, attracted over 400 international exhibitors displaying the latest industry innovations. Among them, Doublestar distinguished itself with a portfolio focused on high differentiation and added value, capturing significant attention from attendees.

In response to varied overseas requirements, the tyre manufacturer presented a comprehensive product range addressing commercial and passenger vehicle applications. For the commercial sector, the flagship TBR tyre D902 was engineered with an abrasion-resistant compound and an advanced tread design. This configuration ensures stability and longevity under high-temperature, long-haul conditions, offering fleet operators a balance of dependable performance and economic efficiency.

The passenger vehicle lineup featured the EV95 SAFORT tyre, a specialised product for new energy vehicles incorporating the company’s proprietary ‘Safort’ support technology. This innovation addresses critical new energy vehicle demands, including reduced rolling resistance and minimal noise levels. The exhibition also included additional differentiated products, underscoring Doublestar’s commitment to understanding and fulfilling evolving consumer preferences through targeted engineering.

Throughout the expo, the company’s booth drew sustained interest from domestic and international buyers, with the overseas sales team outlining technical benefits and application-specific advantages. These interactions led to substantive discussions and positive indications for prospective partnerships. Looking ahead, Doublestar intends to persist in developing safer, more energy-efficient tire solutions, reinforcing the competitive standing of Chinese tire manufacturers in the global marketplace.

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BendPak has announced that all current models within its Ranger line of wheel balancers and tyre changers now feature ETL certification as a standard offering. This independent validation, conducted by Intertek Testing Services, confirms that the equipment complies with applicable UL and CSA safety standards for both the United States and Canadian markets. The certification rigorously covers electrical, pneumatic and mechanical safety requirements, ensuring robust operator protection and adherence to workplace compliance regulations.

The achievement of this certification was the result of an extensive 18-month internal project focused on comprehensively redesigning critical components. The initiative mandated sweeping upgrades across the equipment's electrical architecture, structural framework and both mechanical and pneumatic systems to meet the stringent criteria. Every aspect of the machines was scrutinised to ensure they could withstand the demands of the certification process.

Throughout the development cycle, a primary emphasis was placed on mitigating operator risks inherent in daily tire service tasks. Engineers systematically assessed potential hazards, including pinch-point dangers, moving parts, electrical and fire risks and high-pressure systems. When existing configurations fell short of the required benchmarks, teams implemented complete redesigns, replaced substandard parts and integrated new protective safeguards to address these vulnerabilities.

Following these extensive modifications, each piece of equipment underwent a battery of rigorous tests to verify its safety and performance prior to final approval. The certified lineup includes models such as the DST30PX, LS45DS, RB30T, DST2420X, R745, R980XR, R76ATR, R980DP, R80EX and R26FLT. These certified units are now clearly identifiable by the ETL mark displayed on their product labels.

Jeff Kritzer, President and CEO, BendPak, said, “The end result is not just a certification mark. Certification represents a fundamentally higher level of product engineering, component quality, mechanical and electrical safety, durability and overall North American compliance, giving customers confidence that their Ranger equipment is built to the highest standards.”

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