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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THE TIRE COLOGNE 2026 commences tomorrow, marking the premier gathering for the global tyre and wheel sector. The opening day promises a dense schedule of industry-shaping events, from political discussions to technical innovations, as the trade fair becomes the central hub for professionals seeking solutions to contemporary market challenges.

A total of 388 exhibitors representing 34 countries will showcase products and services across the entire value chain. The first day alone features three press conferences addressing current and future industry hurdles. Attendees can expect a mix of political impulses, international conferences, practical demonstrations and extensive networking opportunities designed to foster collaboration.

Key highlights begin with a morning session on North Rhine-Westphalia’s role as a leader in tyre circular economy, where Environment and Transport Minister Oliver Krischer will present the ‘Roadmap Tyre Circular Economy North Rhine-Westphalia 2030’ alongside real-world research examples. Later, the Global OTR Conference will focus on safety and efficiency for off-the-road tyres, while the ‘Runderneuert’ initiative at the AZuR Netzwerk pavilion demonstrates how modern retreading combines economic benefits with sustainable cycles.

Additional first-day attractions include the debut of Vipal V SUPER HYBRID remoulding technology on the SERVICE STAGE, engineered for varied usage conditions to improve mileage and reduce operating costs. Visitors can also participate in the WALK OF SERVICES, exploring workshop concepts throughout the fair area for chances to win daily prizes from sponsors including Bartec, Corghi, ALCAR and ALZURA based on station visits.

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World Environment Day should not only remind us about the environmental challenges we face today but also make us realise how urgently we need to change the way we produce, consume and manage waste across industries and communities. For decades, waste has continued to accumulate faster than our ability to process it responsibly, which has directly impacted our ecosystems, natural resources, public health and the future of coming generations. The reality is that environmental sustainability can no longer remain limited to discussions, annual reports or long-term commitments because the planet needs immediate and measurable action.

One of the biggest changes we need today is a shift in mindset where waste is no longer viewed as something to discard but as a resource that holds economic and environmental value when managed through the right systems and technologies. Countries across the world are moving towards circular economy models because they understand that sustainable growth will only be possible when industries reduce landfill dependency, recover value from waste and invest in cleaner processes that protect the environment while supporting economic progress.

India has made significant progress in building awareness around sustainability, recycling and environmental responsibility over the last decade, and government is leaving no stone unturned to formalise this sector in terms of infrastructure, technology adoption, policy implementation and collective participation.

To support the government’s initiative, we all must work together with greater accountability to strengthen recycling ecosystems, encourage responsible waste management practices and create long-term environmental impact through real execution rather than temporary solutions.

As someone who has spent years working closely with the recycling industry, I strongly believe that technology will play one of the most critical roles in solving future environmental challenges because efficient recycling systems can help recover valuable resources, reduce pollution, lower landfill burden and conserve energy for a more sustainable future. This belief is also deeply connected to our motto, ‘Committed to Create a Green Future’, which reflects the responsibility we all share towards protecting the environment through meaningful and long-term action. However, technology alone cannot create change unless it is supported by intent, awareness and collective responsibility.

On this World Environment Day, let us move beyond conversations and take meaningful steps towards building a cleaner, greener and more sustainable planet where environmental progress is driven by action, innovation and responsibility for future generations.

Jignesh Kundaria
Director and CEO, Fornnax

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TyreSafe has issued an urgent appeal for motorcyclists to prioritise tyre maintenance as new government data shows a worrying rise in rider deaths. The safety organisation is backing the National Police Chiefs’ Council’s Operation Apex, a road safety initiative running from 1 to 14 June.

According to provisional casualty figures from the Department for Transport, motorcycle users recorded the largest percentage increase in fatalities among all major road user groups across Great Britain. An estimated 384 riders lost their lives in 2025, representing a 13 percent rise compared to the previous year and marking the second consecutive annual increase.

Although motorcyclists make up a small fraction of overall traffic, they remain heavily overrepresented in serious and fatal collision statistics. In response, TyreSafe is using Operation Apex to promote a simple pre-ride tyre check known as ACT, which covers air pressure, condition and tread depth.

Riders are advised to check air pressure when tyres are cold using an accurate gauge and to follow manufacturer recommendations, adjusting for luggage or passengers. Visual inspections before every ride should look for cuts, bulges, embedded objects, uneven wear or signs of ageing. For tread depth, motorcycles over 50 cc require a minimum of one millimetre across the central three quarters of the tyre, while smaller mopeds need all original grooves clearly visible.

TyreSafe recommends performing these checks before each journey, especially after storage, bad weather or long trips. The organisation has released free resources including a guide, leaflet, poster, videos and social media assets to support Operation Apex and encourage safer riding habits.

These materials are available for riders, instructors and safety groups to download from the TyreSafe website throughout June. The initiative aims to reduce preventable incidents by helping motorcyclists recognise warning signs and maintain their tyres properly.

Stuart Lovatt, Chair of TyreSafe, said, “The latest casualty figures are a stark reminder that riders remain among the most vulnerable people on our roads. For many riders, motorcycles and scooters provide freedom, independence and essential transport – but that freedom depends on machines being safe, sustainable and roadworthy. Tyres are too often overlooked, yet they play a critical role in how a motorcycle brakes, corners and responds in an emergency.

“Our message during Operation Apex is simple: ACT before every ride by checking Air pressure, Condition and Tread. A few moments spent checking tyres can make a significant difference to safety. Tyre safety should become part of every rider’s routine, just like checking fuel or putting on protective equipment. ACT is easy to remember and empowers riders to take control of their own safety before setting off. Tyre safety is not about fear – it is about preparation. You cannot control every hazard on the road, but you can control whether your motorcycle is ready to respond safely when the unexpected happens.”

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The Goodyear Blimp has redefined its century-long legacy of hovering over major pop culture moments by hosting a first-of-its-kind music festival inside an airship hangar. Dubbed BANGR at the HANGR, the event marked the brand’s second annual birthday celebration, transforming the massive space into a high-energy bash.

Festivalgoers experienced a series of exclusive attractions, including a ride aboard the Wingfoot One blimp itself. A headlining DJ set from Noizu was delivered from a stage built with Goodyear tyres, while guests also browsed signature merchandise and attended an after-party in a uniquely blimp-worthy atmosphere.

The event featured an eclectic roster of attendees, from nostalgic mascots to local sports icons. Participants included the Care Bears, puppies from Kind Paw Rescue wearing Fi GPS wearables, the Oscar Mayer Wienermobile, an inflatable Flo from Progressive, Rainforest Cafe’s Cha! Cha! The Tree Frog, Geoffrey from Toys“R”Us and Vita Coco’s Coco Man.

Swensons Drive-In also made an appearance, alongside Ohio-based sports mascots such as Chomps from the Cleveland Browns, Flash from Kent State University and Zippy from the University of Akron. From chaotic dance floor moments to oversized photo opportunities, the birthday celebration was a blend of fun and charm as intended by the high-flying guest of honour.

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