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)

Comments (0)

ADD COMMENT

Link Copied!

TyreSafe has issued an urgent appeal to UK’s equine and equestrian community following new national data that reveals a sharp rise in preventable tyre-related breakdowns involving horseboxes and trailers. The warning is based on a four-year analysis of Strategic Road Network data from 2022 to 2025, which exposes a growing maintenance gap across the towing sector. According to the findings, this neglect endangers not only road users but also the welfare of horses during transit.

The analysis shows that towing-related breakdowns have reached 4,830 incidents per year, with tyre failures accounting for 25 to 28 percent of all cases, meaning roughly one in four such breakdowns is avoidable. Since 2022, tyre failures in horseboxes have increased by 21.5 percent, while trailers now represent nearly half of all tyre-related incidents nationally. Alarmingly, there are almost as many trailer tyre failures as caravan and horsebox incidents combined, a trend linked to vehicles standing idle for long periods, which accelerates tyre degradation even when tread depth appears legal.

TyreSafe stresses that horses are often transported infrequently but carry heavy, live loads, making tyre age, condition and pressure critical. Tyres naturally deteriorate due to sunlight, weathering and prolonged static loads, leading to cracking and structural weakening. UK law already bans tyres over 10 years old on front steering axles of goods vehicles above 3.5 tonnes, including many horseboxes. TyreSafe urges road users to embrace the simple ACT protocol: regular checks of air pressure, condition and tread depth. Owners must also ensure correct load and speed ratings, avoid mixing tyre types on the same axle, check cold pressures before every journey and distribute weight evenly.

Failure to meet legal standards can result in fines and penalty points, but the greater risk is tyre failure during transit, causing dangerous roadside stops and increased stress or injury for horses. TyreSafe continues to offer free guidance and dedicated resources for the equine community, reinforcing that proper tyre maintenance directly improves animal welfare, vehicle stability and overall journey safety.

Stuart Lovatt, Chair of TyreSafe, said, “When transporting horses, a tyre failure is not just an inconvenience – it’s a serious animal welfare issue. Horses are particularly vulnerable during breakdown situations, especially on high-speed roads. The fact that one in four incidents is tyre-related shows how much of this risk is preventable. We want tyre checks to become as routine as checking tack or loading equipment. It’s a simple step that protects not just the vehicle but the horse inside it. Safer tyres mean safer journeys – for everyone.”

Comments (0)

ADD COMMENT

Link Copied!

The Alliance for the Future of Tires (AZuR) has closed the application phase for its startup competition, LOOP THE TYRE 2026, as of 15th May. Innovative project teams and startups from Germany, Austria and the Netherlands submitted a range of forward-looking concepts focused on advancing the sustainable tyre circular economy. The entries collectively highlight a strong innovation potential within the industry.

The submitted projects cover a wide technical spectrum, including advanced devulcanisation and recycling processes, functionalised recyclates for new tyre production and artificial intelligence solutions for quality control and tyre sorting. Other notable concepts feature chemical-free rubber waste recycling methods and novel applications for used tyres in flood control, infrastructure management and disaster relief. This diversity underlines the growing role of new technologies and business models in fostering a climate-friendly circular economy.

An independent expert jury, comprising Dr Danka Katrakova-Krüger from TH Cologne, AZuR network coordinator Anna-Maria Guth, Dr Ulrich Giese of the German Institute for Rubber Technology and Stephan Rau from the German Rubber Industry Association (wdk), is reviewing all submissions. The winners are scheduled to be determined by 1 June 2026.

Regardless of the outcome, AZuR has invited all participants to the awards ceremony at THE TIRE COLOGNE 2026 on 11 June at 2 pm. The winning startups will receive a total prize money of EUR 6,000 and a free two-year AZuR partnership, granting access to the Europe-wide network and increased industry visibility. Through LOOP THE TYRE, AZuR continues to promote business ideas and technologies that extend tyre material life cycles, conserve resources and reduce carbon emissions.

Comments (0)

ADD COMMENT

Link Copied!

Tegeta Holding and Tegeta Green Planet have joined a large-scale greening campaign to restore the Rustavi riparian forest along the Mtkvari River. The initiative, implemented in partnership with Rustavi City Hall and Georgia’s Ministry of Environmental Protection and Agriculture, aims to rehabilitate one of the city’s most vital ecological zones.

During the latest phase of the project, employees of Tegeta Holding took part in tree planting alongside volunteers, while representatives of Tegeta Green Planet engaged participants in discussions on circular economy principles and environmental responsibility. The first stage of the restoration plan includes planting 10,000 endemic trees and plants, funded by the Environmental Protection Fund.

The Rustavi riparian forest, stretching approximately 300 hectares between the old and new bridges, serves as a natural air filtration zone for the city’s industrial area and hosts around 140 bird species. Beyond restoring native flora, the project also envisions developing picnic and tourist infrastructure, with active involvement from local youth, athletes, actor, and private sector members as part of corporate social responsibility efforts.

Parallel to the greening campaign, Tegeta Holding launched an internal Green Challenge for its employees, organising a paper collection point at its headquarters and across its branches. Nearly one tonne of waste paper was collected and sent to a recycling partner, saving an estimated 15 trees. The holding also recognised the most eco-friendly branch and department as part of the initiative.

Dedicated to Earth Day and its 2025 slogan ‘Our Power, Our Planet’, Tegeta has now participated in the riparian forest restoration for three consecutive years. Volunteers previously planted 3,000 saplings, and this year’s efforts have expanded significantly. The Green Challenge has also become an annual tradition, with over three tonnes of waste paper collected to date. In exchange, the company receives books donated to rural libraries for children.

Environmental protection remains a strategic pillar of Tegeta Holding’s corporate social responsibility. Together with Tegeta Green Planet, the company collects thousands of tonnes of automotive waste annually, including tyres, batteries and oils, for compliant recycling. It is also expanding its electric vehicle charging network, using hybrid and electric vehicles in its fleet, installing solar panels and running customer engagement campaigns such as ‘Don’t Throw It Away – Recycle It’, alongside cleaning, greening and youth education initiatives.

Mariam Japaridze, Corporate Social Responsibility Coordinator, Tegeta Holding, said, “Environmental protection and raising public awareness are among the strategic pillars of Tegeta’s corporate sustainability efforts. We are pleased that tree planting has become part of a project that aims to bring new life to the Rustavi riparian forest. Tegeta has extensive experience supporting similar initiatives. It is especially important for us that Tegeta employees themselves participated in the project. We are proud to contribute both to the greening of Rustavi and the improvement of its ecosystem, as well as to strengthening an internal organisational culture focused on collecting and recycling paper waste.”

Shalva Akhvlediani, Director, Tegeta Green Planet, said, “The activities of ‘Tegeta Green Planet’ are directly connected to environmental protection. The company’s mission is the management of specific waste streams, including recycling, recovery and processing. Alongside recycling environmentally harmful waste, we actively support initiatives focused on greening, forest restoration and ecosystem improvement. The Rustavi riparian forest once played a vital role in the life of the city, but the situation changed in the 1990s: the forest was cut down, biodiversity deteriorated and the ecosystem was damaged. At ‘Tegeta Green Planet,’ we fully understand our responsibility in helping restore this area to its original condition. We hope that such an important and large-scale project will continue in the future.”

Comments (0)

ADD COMMENT

Link Copied!

Zeon Corporation has announced a strategic investment to expand production capacity for dicyclopentadiene (DCPD) at its GPI plant, located within the Mizushima Plant in Kurashiki City, Okayama Prefecture. The initiative will raise DCPD output by roughly 20 percent from current levels. DCPD serves as the primary raw material for Cyclo-Olefin Polymers and COP optical film, which are central to the company’s C5 business and its growth trajectory. The new facility will secure a stable DCPD supply without boosting production of piperylene or other commodity chemical materials while also utilising previously unused components to help reduce carbon dioxide emissions. Construction is set to begin in the second half of fiscal 2026, with completion scheduled for September 2028.

The Mizushima Plant, Zeon’s flagship facility, commenced operations in 1969 and is known for the GPI process (Geon Process of Isoprene), the company’s proprietary extractive distillation technology that isolates high-purity active components from C5 fractions in naphtha. Products from this process include isoprene, DCPD, piperylene and 2-butyne, which are used in synthetic rubbers, COP, petroleum resin and synthetic aroma chemicals.

Under the company’s STAGE30 medium-term business plan, Zeon has positioned COP and COP optical film as key growth drivers, anticipating steadily expanding demand. DCPD is also a raw material for other high-profit products such as RIM compounds. To meet rising demand without procuring additional C5 fractions, Zeon developed a technology that enables the use of previously unused feedstock components. This new process is expected to cut CO2 emissions more effectively than conventional extraction methods, supporting carbon neutrality goals.

Through STAGE30, Zeon is restructuring its portfolio via selection and concentration, and this latest investment aims to boost competitiveness while further expanding the C5 business. The company continues to address market needs and societal expectations, striving to contribute to more comfortable living standards worldwide.

Comments (0)

ADD COMMENT

Link Copied!