Recording one of the highest growths across sectors, tyre exports from India jumped 50 per cent to reach a historically high figure of INR 21,178 crore in FY 2021-22, according to the data from the Ministry of Commerce, Government of India. In the previous year, tyre exports stood at just over INR 14,000 crore. 

In the last two financial years when international trade was disrupted due to the Covid pandemic, tyre exports from India have gone up by 70 per cent. 

Satish Sharma, Chairman, Automotive Tyre Manufacturers Association (ATMA), said, “The export performance bears testament to the ability of the Indian tyre industry to meet the rising expectations from India in the new geo-political scenario despite the odds of challenging times.” 

While farm/ agri and OTR/ industrial tyres have traditionally been the largest exported tyre categories from the country, truck & bus radial (TBR) tyre exports have been fast rising up the charts and have grown nearly 2.5 times in the last three years from INR 1,263 crore in FY19 to INR 3,095 crore in FY22. 

The new radial facilities set up by Indian tyre manufacturers vie with the best in the world in terms of technology helping the country notch up an impressive performance in exports, the release said, adding that India’s global standing as a reliable supplier of products has also been a
big positive. 

Sharma added, “The industry is vastly helped by the Atma Nirbhar policy of the government aimed at creating an enabling environment for growth of the industry. The curb on indiscriminate import of tyres has helped the industry increase size and scale of production and align with global supply chains.” 

Currently, Indian manufactured tyres are being exported to over 170 countries in the world including some of the most discerning markets in North America and Europe. The US continues to be the largest market for Indian tyres accounting for 19 per cent of total tyres exported from the country during the year. The top five export markets for Indian manufactured tyres in FY22 were US, Germany, Brazil, UK and France. 

The Tyre Industry has the potential of further doubling exports from India in the next 3-4 years. While supply chain disruption is a global concern affecting industries and will get streamlined in due course of time, certain roadblocks faced by the tyre industry domestically need to be addressed on priority to provide a fillip to the exports. These concerns pertain to accessing Natural Rubber (NR) the key raw material in which India is vastly deficient. For instance, tyre industry needs to adhere to pre-import conditions for NR import against (tyre) export obligation. This makes the operations very constrictive and affects export performance, the release pointed out. 

Growth in exports will benefit the entire Rubber value chain including a million tyre growers who are largely dependent on the growth of tyre industry, it added. (TT)  

Apollo Tyres Ltd has secured a one-season shirt-sleeve sponsorship agreement with AS Monaco, one of French football's most successful clubs, to increase awareness for its premium Vredestein brand.

This partnership will leverage Ligue 1's ranking as the fifth most watched football league in the world to raise awareness of Vredestein's award-winning products among a large audience in France and abroad. On November 22, AS Monaco's home league game against Brest will have the new sleeve branding for the first time. The Vredestein brand will be heavily promoted at Stade Louis-II for the 2024–2025 season, including on player sleeves and LED screens around the field. Exclusive social media initiatives will further help make the brand prominent, reaching a large and interested audience.

Yves Pouliquen, Vice President – Commercial, Europe, Apollo Tyres, said, “This partnership is an exciting opportunity to strengthen Vredestein’s presence in one of our key markets. AS Monaco’s rich history and commitment to excellence mirror our focus on performance and innovation. We look forward to building a successful relationship with the club and celebrating its achievements this season.”

Thibaut Chatelard, Marketing and Revenue Director, AS Monaco, said: “We are delighted to welcome Apollo Tyres and its Vredestein brand to the family of AS Monaco partners. This collaboration makes sense in view of the values we share, such as the constant pursuit of performance and excellence. There’s no doubt that this new support will be precious for the rest of our season, which promises to be thrilling.”

Nexen Tire, a leading global tyre manufacturer, has launched the Nexen N´Blue S tyre, adding to its range of summer tyres and providing drivers with advanced safety, energy efficiency and superior driving stability in wet and dry conditions.

Developed using highly dispersed silica and equipped with an optimised structural design, the Nexen N´Blue S tyre provides reduced road noise and improved driving stability. The tyre features an innovative tread compound, formulated with hydrophilic fillers and microstructure-controlled polymers, and provides lower rolling resistance and exceptional dry and wet grip. The tyre also excelled in test results by demonstrating an 11 percent improvement in wet braking distance compared to its predecessor.

Apart from providing excellent performance, the Nexen  N´Blue S also scores high on the sustainability index. The tyre provides an eco-friendly solution for environmentally conscious drivers by minimising fuel consumption and CO2 emissions. The Nexen N´Blue S summer tyre is available in 58 sizes, which makes it compatible with different types of vehicles.

Kumho Tire Vietnam Co., Ltd. is all set to expand its investment project in Binh Duong province of Vietnam, with the phase 3 of expansion commencing in early 2025. This was discussed at a recent meeting between Vo Van Minh, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee (PPC), and Kim Hyun Ho, General Director of Kumho Tire Vietnam Co., Ltd.

The meeting was held on 13 November at the Administrative Centre of Binh Duong province, as per an official statement. Apart from the company’s investment till date and the planned investment for phase 3, the two also discussed about the challenges and obstacles regarding procedures and processes to have more land funds to expand the manufacturing plant, along with taking measures to tackle the obstacles. Kim Hyun Ho also conveyed to the PPC Chairman that Kumho Tire Vietnam Co., Ltd. belongs to South Korea's Kumho Tire Group and is currently ranked 10th in the car tyre manufacturing industry.

The company had invested in a tyre manufacturing plant in My Phuoc 3 Industrial Park in 2007 with a total initial investment of USD 308 million, which was supplemented by another USD 300 million in 2021. This extended the factory scale to six hectares and increased the production capacity to 12.5 million tyres annually. With the expansion in early 2025, the company will raise its total investment to USD 908 million and increase the factory's production capacity to 17 million tyres annually. The expanded capacity is expected to be operational by early 2026.

Yokohama-ATG, a leading manufacturer of all-terrain and off-the-road tyres, has expanded its Galaxy MFS 101 SDS range of forklift tyres with the launch of white, non-marking tyres.

The Galaxy MFS 101 SDS range consists of puncture-proof SDS tyres with extended wear limits designed for high-intensity working shifts and long durability. These are premium, solid rubber tyres developed for tough demands, a long service life and high driving comfort. The addition of white, non-marking tyres is specifically aimed at clean working environments.

Marked by a 3-stage construction process, the forklift tyres feature reduced heat build-up, effective shock absorption and minimised vibrations. The pattern design guarantees a smooth ride and good steerability thanks to its continuous centre lug and circumferential grooves. Furthermore, the flat walls and wide flat profile offer excellent stability when using a forklift for vertical stacking. The tyres are also equipped with anti-slip steel beads for improved rim fitment

In a case study on a CAT 2.5-tonne forklift that was used for handling heavy pallets on asphalt, the Galaxy MFS 101 SDS outshone the competitors with impressive performance. The tyre delivered an approximate 900 working hours before replacement against competitors’ 500 working hours.