Towards Greater Security And Sustainability

Towards Greater Security And Sustainability

 Just concluded 2021 will stand out as a defining year for the tyre industry in India as it embarked upon an ambitious initiative – Charting a path to greater raw material security by attaining self-reliance in natural rubber (NR) availability.

The journey to become self-reliant is not new for the Indian tyre industry. The industry was amongst the first ones to become self-sufficient much before the slogan of being Atma Nirbhar was coined. For years, India has been producing practically all the tyres it requires making it one of the few countries that are self-dependent in tyre manufacturing. Much before a vehicle is rolled out, the tyre Industry is ready with the fitments having worked out specifications and standards to the minutest details.

While India has developed globally competitive tyre manufacturing capabilities, realising the vision of being Atma Nirbhar necessitates achieving self-sufficiency of the entire value chain in view of strong backward and forward linkages.

In this context, the ATMA NR project, launched during the year, attains all the more importance. Natural rubber is a key raw material for the Indian tyre industry. Unlike the global scenario where the ratio is skewed in favour of synthetic rubber, Indian industry stands out for its unique preference for NR.

However, NR demand has been outstripping domestic supply and the gap is widening. Going forward, the situation may become more challenging for the NR Consuming interests. Imports may not be sustainable considering the strategic importance of NR as raw material and also in view of large outflows of foreign exchange that the Government has been trying to discourage.

As one of its kind initiatives that could hold a template for several other raw material intensive sectors, the NR Project is designed to implement the scheme for developing a substantial 200,000 hectares of rubber plantations in the North Eastern states financially supported by major tyre companies, represented by ATMA with technical support and coordination by the Rubber Board.

This collaborative project in PPP mode involving tyre majors, Rubber Board and financing institutions is a landmark initiative where the consuming industry would be contributing directly to the development of plantation.

The project took off early in the year with a visit to the North East (Tripura, Meghalaya & Assam) by top leadership from ATMA Member companies along with Dr KN Raghavan, Executive Director of Rubber Board in February 2021 to get a first-hand understanding of ground level situation and connect with state leadership and policy makers.

Minister for Commerce & Industry (CIM), Government of India Piyush Goyal has been the prime motivating force, mentoring the project at every step right from the inception. A meeting convened by the Minister in the month of June 2021 discussed threadbare the launch of the project and the road ahead. The CIM proposed a meeting with the chief ministers of North-Eastern states to take them on board, seek their full support and fast track the project. The CIM even offered to speak to the CMs to inform them about the wider benefits of the NR Project for their respective states.

Since availability of planting material locally in North East states was a challenge, plans were made to transport the saplings from Kerala to the North East by rail. Few thousand saplings were initially sent as a pilot which reached Guwahati in good condition.

 It was an emotional moment for all the stakeholders in natural rubber sector, when the first full consignment was sent by a special train 'Bharathappuzha - Brahmaputra Rubber Express', to Azara, Guwahati, from Thiruvalla Railway Station on 10th July 21. It carried 1.33 lakh rubber saplings packed in specially designed cartons. These saplings were distributed in the NE states for planting in the identified areas.

Eventually, Biplab Kumar Deb, Chief Minister of Tripura formally launched the NR Project under Chief Minister's Rubber Mission on 14th August 21 at Pathaliaghat in Sepahijala district of Tripura and the project is shaping up well ever since.

 India has emerged as a front runner as the world pursues alternatives to China in the field of manufacturing. Given the spirit of entrepreneurship backed by the policy reforms, the country is poised to play its due role in the global supply chains.

At the same time, the need for raw material security cannot be over emphasised as India looks to become the manufacturing hub of the world. It goes to the credit of the Government that it has shown keen interest in enabling policies to encourage domestic manufacturing, including tyre and allied sectors.

The fact that the ATMA NR Project could see the light of the day under the shadow of ongoing pandemic says a lot about the commitment of all the stakeholders to fight against odds. That surely augurs well for raw material security and sustainability as we welcome the New Year.

Indian Tyre Industry Poised To Grow 12-Fold By 2047, Says New ATMA-PwC Report

Indian Tyre Industry Poised To Grow 12-Fold By 2047, Says New ATMA-PwC Report

Fuelled by robust domestic vehicle production, aftermarket demand and a surge in automotive exports, India's tyre industry is poised for transformative growth. A joint vision from the Automotive Tyre Manufacturers’ Association (ATMA) and PwC India projects that by 2047, production volumes could quadruple, while revenue is expected to multiply 12-fold to an estimated INR 13 trillion. This exponential financial expansion will be driven by a shift in the industry's revenue mix towards more premium products, rising raw material costs, a growing export share, the transition to electric vehicles and the emergence of servitisation models.

To achieve this ambitious vision, a strategic framework termed CHARGE has been proposed. This approach focuses on six critical levers: enhancing Customer relevance, upholding high-quality standards, fostering adaptability, building resilience through resource efficiency, driving growth via innovation and empowering strategic alliances. The framework is designed to help tyre manufacturers become more agile, customer-centric and technologically advanced to improve operational efficiency and global competitiveness.

Domestic growth will be primarily driven by strong original equipment and replacement markets. Rising incomes are boosting passenger and two-wheeler sales, while significant infrastructure investment is increasing commercial vehicle demand, in turn supporting aftermarket tyre sales. However, challenges such as domestic natural rubber availability and new mobility technologies could impact growth.

Concurrently, tyre exports are positioned for substantial expansion. Key strategies to accelerate international growth include innovation for specific use cases, securing new free trade agreements and enhancing cost competitiveness and brand perception. Nevertheless, exporters must navigate obstacles like volatile regulations and non-tariff barriers.

A significant trend will be the rise of servitisation, where fleet operators increasingly adopt professional tyre management services. Demand for these solutions, including tyre health monitoring and advisory services, will be driven by a focus on operational efficiency and customer requirements. For this market to reach its full potential, tyre companies must develop scalable, economically viable models while addressing data security and regulatory concerns.

Kavan Mukhtyar, Partner and Leader – Automotive, PwC India, said, "India’s journey towards Viksit Bharat 2047 presents a huge opportunity for the tyre industry, not only to meet the aspirations of its domestic customer base but also to exponentially scale up tyre exports, especially in the commercial vehicle and passenger vehicle segments across key markets like US and EU. Emerging consumer trends and mobility shifts, a dynamic global business environment and sustainability imperatives present a unique opportunity for the Indian tyre industry to transform itself and drive sustainable growth through 2047. Innovating at speed for global markets through advanced material engineering, finding sustainable alternatives for natural rubber and addressing sustainability imperatives throughout the value chain will be key to unlocking growth potential for the industry. Additionally, brand strengthening in export markets and investing in digital technologies across the value chain will be essential to drive productivity and a sustained global competitive advantage.”

Arun Mammen, Chairman, Automotive Tyre Manufacturers’ Association (ATMA), said, "The Indian tyre industry stands at the cusp of a transformational journey, driven by rapid economic growth, evolving mobility trends and an expanding global footprint. The findings of the ATMA-PwC report underscore the industry’s immense growth potential, with revenue projected to grow 12-fold by 2047. This growth will be fuelled by a shift towards premiumisation, sustainability-led innovation and a strong focus on technology and exports. As we move towards ‘Viksit Bharat 2047’, the tyre industry is poised to play a pivotal role in enabling India’s automotive ambitions to build a resilient and future-ready sector."

Sanjay Dawar, Partner and Leader – One Consulting, PwC India, said, “The Indian tyre industry is at an inflection point, with the potential to create significant economic value and strengthen India’s global competitiveness. Achieving this 12-fold revenue growth will require a holistic approach – one that brings together innovation, sustainability, digital transformation and strong partnerships across the ecosystem. At PwC, we are committed to working alongside industry stakeholders to co-create strategies that can accelerate momentum, build resilience and help realise the Viksit Bharat 2047 vision."

Triangle Tyre Recognised In 2025 China Brand Evaluation

Triangle Tyre Recognised In 2025 China Brand Evaluation

Triangle Tyre has earned a distinguished position in the recently unveiled ‘2025 China Brand Evaluation Information’, a highly regarded assessment administered by the China Council for Brand Development. This annual evaluation, widely recognised as a benchmark for brand value in China due to its rigorous and scientific methodology, awarded Triangle Tyre a notable brand valuation of CNY 6.61 billion (approximately USD 928.50 million) and a strength index of 917 within the energy and chemical sector.

The announcement, which took place in May, highlights the collective strength of 779 leading Chinese brands with a combined value exceeding CNY 12.78 trillion (approximately USD 1.80 trillion). The event was organised by a coalition of authoritative bodies, including the China Council for Brand Development and the China Appraisal Society, and drew over 600 attendees from government agencies, regulatory institutions and industry associations.

This accolade serves as a strong testament to Triangle Tyre's comprehensive capabilities, reflecting its sustained excellence in areas such as technological innovation, stringent quality management and significant market influence. The evaluation itself is a key national initiative designed to establish a credible and transparent brand valuation system, promote positive brand development and support the global expansion of Chinese enterprises.

For Triangle Tyre, this recognition is both an authoritative endorsement of its brand power and a reflection of its leading competitiveness within the domestic tyre industry. Looking ahead, the company plans to intensify its focus on innovation and quality enhancement. This strategy is central to its mission of delivering superior products and services to a global customer base and accelerating its growth as an internationally recognised brand.

Hankook Dynapro R213 Tyre Powers WRC Rally Chile Bio Bío 2025

Hankook Dynapro R213 Tyre Powers WRC Rally Chile Bio Bío 2025

The Hankook-equipped 2025 FIA World Rally Championship season continued with its 11th round, Rally Chile Bio Bío, which concluded on 14th September. The four-day event, based in the coastal city of Concepción, presented a formidable challenge for crews and tyres alike. Competitors tackled 16 special stages totalling over 300 kilometres of competitive running on gravel roads in the southern hemisphere spring weather with a volatile mix of conditions.

Throughout these variable conditions, Hankook Tire, the exclusive tyre supplier to the championship, provided its Dynapro R213 gravel tyre to all teams. The Chilean stages, while generally smooth, feature a relentless series of high-speed corners that demand exceptional durability, grip and precise steering response. The reinforced construction and advanced tread design of the Hankook tyre provided the necessary stability and impact absorption across diverse surfaces, allowing drivers to maintain their rhythm and control despite the constantly changing grip levels.

The event was won by Sébastien Ogier of the Toyota GAZOO Racing team, marking his second consecutive victory following his success in Paraguay. This result propelled him into the lead of the drivers' championship standings, now holding a two-point advantage over his teammate Elfyn Evans.

The championship now prepares for a significant shift in terrain as it heads to Europe for Round 12, the Central European Rally, scheduled for mid-October. This unique event will be based in Passau, Germany, and will run on narrow asphalt roads that cross international borders into the Czech Republic and Austria. The transition from gravel to tarmac will place a fresh strategic emphasis on tyre selection and performance. With only three rounds remaining in the season, the outcome is critical to the championship battle.

UK Drivers Lack EU Tyre Label Knowledge, Finds New eBay Research

UK Drivers Lack EU Tyre Label Knowledge, Finds New eBay Research

New research commissioned by eBay and conducted by OnePoll has exposed a significant knowledge gap among UK drivers regarding EU Tyre Labels. The study, which surveyed 2,000 motorists in accordance with Market Research Society guidelines, found that nearly half of all respondents were entirely unfamiliar with this critical safety information. Despite being introduced in 2012, two-thirds of drivers remain unaware of the labels' purpose.

The data shows that nearly half (47 percent) of the respondents possess no understanding of the safety information on the labels whatsoever, with a full two-thirds (66 percent) unaware of their purpose a full decade after their introduction. This ignorance translates directly into consumer behaviour, as 61 percent of motorists admit to not checking the labels before purchasing new tyres. Consequently, they miss out on essential data regarding a tyre's fuel efficiency, wet grip classification, external noise level and its performance in snowy and icy conditions.

The research further quantified this knowledge gap, demonstrating that drivers incorrectly identified the symbols on the labels two-thirds (67 percent) of the time. The icon denoting performance on ice was the most frequently misunderstood, being misinterpreted in a remarkable 92 percent of responses. This lack of independent research means three-quarters (74 percent) of UK motorists primarily rely on garage recommendations when choosing tyres. Over half of all consumers – 55 percent – do very little (30 percent) or no research at all (25 percent), a trend most prevalent among drivers over 65.

This deficiency in tyre knowledge is not merely academic; it has serious real-world consequences. The Driver and Vehicle Standards Agency (DVSA) reported that over two million MOT test failures in the 2023-24 period were directly attributed to illegal tyre defects. In response to these consumer challenges, eBay promotes its tyre fitment service, which allows buyers to research and order specific tyres for their vehicle online before selecting a local garage for installation, aiming to bridge this information gap.

Abir Tewari, UK Director of Commercial Operations, Parts & Accessories at eBay, said, "Despite existing in the UK for more than a decade, knowledge around EU tyre labels among UK motorists is still sparse. It is worrying that proper knowledge could make maintaining vital vehicle parts safer and cheaper. Using eBay’s tyre fitment service, customers can see EU tyre labels clearly indicated in listings before deciding on a purchase, helping to identify exactly what they need and safely preparing them for any season.”