TyrePlex, a leading B2B tyre marketplace in the country, has raised INR 200 million in funding led by PeerCapital, with participation from Titan Capital Winners Fund, Sattva Family Office and existing investors, including 100 Unicorns.

Incepted in 2020, TyrePlex offers tools to improve sales, margins, streamline procurement, manage inventory and set up online stores for retail tyre dealers. The company claims to already have over 20,000 registered tyre dealers on its platform. Through its app it allows customers to simplify operation, generate demand and enable easy procurement of tyres (in under 4 hours).

The new funding is said to be used to expand the company’s footprint in the top 25 cities across India. It will also deploy funds towards strengthening its technology platform, enhance dealer-centric tools and improve operational efficiency. Furthermore, TyrePlex is set to start pilot tyre recycling and reverse logistics initiatives.

Hankook Tire has secured a three-year exclusive agreement to supply tyres for all classes of the FIA World Rally Championship (WRC) starting in 2025. The deal, finalised at Hankook's Technoplex headquarters in South Korea in November 2024, marks a significant expansion of the company's motorsport presence.

The WRC, ranking alongside Formula 1 as one of motorsport's most prestigious competitions, presents unique challenges that push vehicles and equipment to the limits. Unlike circuit racing, WRC competitors battle across diverse terrains at speeds reaching 124 mph (200 km/h), demanding exceptional tyre performance across unpaved, snowy and muddy conditions. The 2025 season will see Hyundai, Toyota and Ford competing across four continents.

To meet these demanding conditions, Hankook will supply a comprehensive range of specialised tyres. The line-up includes the Ventus Z215 for optimal cornering and handling in both dry and wet conditions, the Ventus Z210 engineered for superior wet-weather grip and the Dynapro R213, an all-weather rally tyre designed for unpaved surfaces. For winter conditions, Hankook offers the Winter i*cept SR20 for snowy terrain and the Winter i*Pike SR10W, featuring specialized stud pins for icy conditions.

This partnership elevates Hankook into an elite group of manufacturers supporting multiple FIA world championships as it already supplies tyres for the ABB FIA Formula E World Championship. The company's selection builds on its extensive motorsport experience, including its initial role as a WRC tyre supplier in 2014 and successful partnerships with the FIA European Rally Championship (ERC) and FIA Junior ERC.

WRC Promoter GmbH Managing Director Jona Siebel expressed enthusiasm about the partnership stating, “Our successful collaboration with Hankook through the ERC has paved the way for this expanded relationship. Its dedication to developing WRC-specific tyres has been impressive and we're eager to see their performance at the Monte Carlo Rally.”

The 2025 WRC season kicks off with the iconic Rallye Monte-Carlo in Monaco, January 23-26, marking the first of 14 rounds across four continents. Through this partnership, Hankook not only demonstrates its technical prowess but also strengthens its position in the premium tyre market while delivering cutting-edge technology to rally enthusiasts worldwide.

Chinese tyre maker Wanli Tire Co. is investing USD 500 million to build Cambodia's sixth tyre manufacturing facility, marking the latest Chinese investment in Southeast Asian nations' growing special economic zones programme.

The plant, set to employ 1,000 workers across 32 hectares in Svay Rieng province's Sihanoukville Special Economic Zone, will be developed in two phases, Deputy Prime Minister Sun Chanthol said at the ceremony on Sunday. The investment follows discussions between Chanthol and Guangzhou Industrial Investment Holding Group Chairman Jing Guangjun in China last October.

The project represents Cambodia's sixth tyre manufacturing facility and the second within the Sihanoukville zone, highlighting its push to diversify its manufacturing base under Prime Minister Hun Manet's administration.

"This investment reflects growing confidence in Cambodia's stable political and macroeconomic environment," Chanthol said at the event, which Chinese Ambassador Wang Wenbin and Wanli Tire Chairman Cao Xiandong attended.

According to government data, Cambodia's special economic zones have attracted USD 11.7 billion in investments across 835 projects, creating more than 195,000 jobs. Svay Rieng province alone hosts 12 such zones with 280 projects valued at approximately USD three billion.

Peugeot Sport has entered into a partnership with Point S, a global leader in independent tyre and car maintenance services, for the Team Peugeot TotalEnergies Hypercar programme in the FIA World Endurance Championship (WEC).

The PEUGEOT 9X8 Hypercar and its surroundings will have the Point S emblem for the 2025 FIA WEC season as part of this new collaboration. This partnership demonstrates Peugeot Sport and Point S's shared dedication to driving innovation and producing outstanding results on and off the track.

The Qatar 1,812-km race kicks off the 2025 WEC season on 28 February at the Lusail International Circuit. The PEUGEOT 9X8 Hypercar will participate in the 6 Hours of Imola and the 24 Hours of Le Mans, two of the most renowned endurance events. Paul Di Resta, Loïc Duval, Malthe Jakobsen, Mikkel Jensen, Stoffel Vandoorne and Jean-Éric Vergne are among the team's seasoned drivers, who will represent Peugeot Sport's quest for greatness on the international scene.

Jean-Marc Finot, Senior Vice President of Stellantis Motorsport, said, “We are thrilled to welcome Point S as a key partner for Team Peugeot TotalEnergies. This partnership reflects a shared dedication to innovation, performance, sustainability and customer care both in Stellantis and Point S DNA. By joining forces, we will not only meet the challenges of modern motorsport but also create a lasting impact for our fans and customers alike.”

Fabien Bouquet, CEO, Point S International, said, “Our partnership with Team Peugeot TotalEnergies marks an exciting new chapter for Point S. By stepping into the world of endurance racing, we aim to align our expertise in automotive excellence with Peugeot Sport’s legendary status in motorsport. Together, we will demonstrate shared values of precision, innovation and performance, and we are excited to support Peugeot Sport as they push the limits of what’s possible on the track.”

The valedictory function of Platinum Jubilee celebrations of the Rubber Act 1947 and the Rubber Grower’s Conference at Mammen Mappillai Hall, Kottayam will be inaugurated by George Kurian, honourable Minister of State for Fisheries, Animal Husbandry, Dairying and Minority Affairs, on 16 January 2025. Members and officials of the Rubber Board, farmers, representatives of rubber stakeholders, labourers, technical experts, legislators and others will all be attending the event.

The occasion will be presided over by Member of Parliament Advocate K Francis George. Member of the Legislative Assembly Thiruvanchur Radhakrishnan will be a special guest at the gathering. N Hari, a member of the Rubber Board; G. Anil Kumar, Vice Chairman of the Rubber Board and Bincy Sebastian, Chairman of the Kottayam Municipality, will offer congratulations at the meeting. Dr Jessy M D, Director of Research I/C; Dr T Siju, Rubber Production Commissioner and M Vasanthagesan, Executive Director of the Rubber Board, will also be present at the event.

In his presentation, Vasanthagesan will discuss the important subject of creating a digital platform that links growers and organisations interested in harvesting rubber plants in an unexplored region. A matter of great relevance, the preparedness of the EUDR process for Indian NR exporters, will be explained by Manoj Vembu, Director of TRST01, the Rubber Board's technology partner to implement EUDR in the nation. Additionally, panel discussions on ‘Handholding stakeholders through schemes & policies’ and ‘Sustainable farming practices’ will be held, which will be moderated by Sheela Thomas (Chairperson of Kerala Rubber Limited and former Chairman of the Rubber Board) and James Jacob (Managing Director, Plantation Corporation of Kerala), respectively.