US Tariff Hike Threatens Growth of Indian Tyre Exports, Warns ICRA
- By TT News
- August 04, 2025
India’s tyre exporters are bracing for headwinds after the United States imposed a 25 percent tariff on Indian goods, a move analysts warn could erode the industry’s cost advantage and slow growth in a key overseas market.
Tyre exports account for about a quarter of Indian tyre makers’ revenues, with around 17 percent of outbound shipments headed to the United States in FY2025, according to ratings agency ICRA.
The hike, effective 7 August, puts India at a disadvantage to rivals such as Vietnam, Indonesia, Thailand, and the Philippines, which face lower tariffs of 19–20 percent.
“The current increase in tariff will increase the cost of tyres imported into the US significantly,” ICRA said, adding that pass-through of the duties would depend on a supplier’s criticality and share of business.
While Chinese tyres face a higher 30 percent duty, offering some cushion, analysts note that US replacement demand—a major segment for Indian off-highway, truck, and bus tyres—is already weakening amid economic uncertainty and slower auto sales.
ICRA noted that Indian tyre exports grew over nine percent by value in FY2025, driven by strong volumes in off-highway and commercial vehicle tyres. However, it cautioned that “a lower tariff rate for countries like Vietnam, Indonesia, Thailand and the Philippines will be key setbacks for the tyre exports”.
Domestic players will likely scale up exports to Europe and Africa but may face pricing pressure if the US business falters. A 20 basis point cut has reduced India’s FY2026 GDP growth forecast to six per cent over concerns the tariffs could hurt exports, including tyres.
The US move is part of a broader reciprocal tariff regime aimed at narrowing trade gaps. India’s trade surplus with the United States rose to USD 41 billion in FY2025 from USD 21 billion a decade earlier.
Zeon’s Q1 Profit Surges 115 percent In Elastomer Segment Despite Sales Drag From Yen Gains, Lower Raw Material Prices
Zeon reported a 115 percent jump in operating profit from its elastomer business in the first quarter of fiscal 2025, even as net sales across the segment stagnated, squeezed by a stronger yen and lower selling prices reflecting declining raw material costs.
Operating profit in the elastomer unit—including synthetic rubbers used in tyres—rose to ¥4.2 billion from ¥2.0 billion last quarter, as post-maintenance sales volumes improved and fixed costs dropped.
Segment revenue stood flat at ¥58.1 billion, down 4 percent year-on-year, with synthetic rubber sales slipping 2 percent to ¥44.5 billion. Chemicals revenue dropped 12 percent to ¥9.0 billion, while latexes rose 3 percent to ¥3.5 billion.
“Despite the impact of lower selling prices due to falling raw material prices and yen appreciation, both net sales and OP income were up due to higher shipments following the completion of regular maintenance and a reduction in headquarters expense allocation,” the company said in its earnings presentation.
For the full year, Zeon held its net sales forecast at ¥415.0 billion, up 4 percent year-on-year, but cut its operating income outlook to ¥30.5 billion, down 9 percent. The company also reaffirmed its ¥72 per share dividend for FY2025 and continued its 10 million share or ¥10 billion buyback programme.
While sales of general-purpose rubbers declined year-on-year due to export sluggishness and plant shutdowns, Zeon said shipments had rebounded quarter-on-quarter after completing maintenance at its Tokuyama and Singapore plants. Speciality rubbers also posted sequential growth, despite weak overseas demand.
Net profit for the quarter rose to ¥7.5 billion, up 24 percent from the previous quarter, supported by higher gains from investment securities and reduced impairment losses.
Zeon remains cautious for the year’s second half, citing US tariffs, volatile raw materials, and yen fluctuations. The company flagged potential shipment declines for optical films and synthetic rubbers in H2 but expects a recovery in FY2026.
Japan’s ispace, Bridgestone Sign Agreement To Develop Tyres For Lunar Rovers By 2029
Japanese start-up ispace inc. and tyre maker Bridgestone have agreed to jointly develop tyres for small and midsize lunar rovers, targeting Moon use by 2029.
The partnership equips Bridgestone’s elastic wheel technology—designed to adapt to harsh lunar terrain—on ispace's rover prototypes. The companies will conduct Earth-based performance tests before Moon deployment.
“Bridgestone’s lunar rover tyre has a structure of thin metal spokes, enabling flexible deformation while maintaining durability,” said Masaki Ota, Director of OE Business Strategy & Planning/New Mobility Business Division at Bridgestone. “This design delivers superior ability to traverse and shock absorption, allowing the rover to traverse the lunar surface and overcome obstacles such as lunar rocks.”
Bridgestone started developing lunar rover tyres in 2019 and unveiled concept models in April 2025 with lower weight to suit smaller rover platforms.
ispace, known for micro-sized lunar rovers, sees the partnership as key to its long-term lunar economy mission.
“ispace's goal of establishing a new economy on the Moon requires the participation of players from a wide range of industries,” said Takeshi Hakamada, Founder & CEO of ispace. “Bridgestone… is now developing lunar rover tyres for the extreme environments found on the Moon. These tyres will undoubtedly contribute to future human advancement on the Moon.”
The companies said they are also exploring collaboration opportunities through the Space Strategy Fund at Japan’s national space agency, JAXA.
Bridgestone Launches First Aircraft Tyre Tracking System With Cebu Pacific
Bridgestone has officially rolled out its proprietary aircraft tyre management system “easytrack” in collaboration with Cebu Pacific Air, marking the first deployment of the solution by a commercial airline.
The system, launched in April 2025, uses QR codes and a smartphone app to track aircraft tyres across the supply chain—replacing Cebu Pacific’s manual, paper-based process.
“As Cebu Pacific continues to expand its operations, it's essential that we invest in smart solutions that enhance efficiency and reduce manual workload,” said Shevantha Weerasekera, Vice President, Engineering & Fleet Management at Cebu Pacific. “Partnering with Bridgestone to implement the ‘easytrack’ system has enabled us to significantly improve our tyre management processes significantly, ensuring greater accuracy, safety, and productivity across our operations.”
Bridgestone said the system has halved labour time for inventory management and achieved full tyre tracking accuracy after verification trials at Cebu Pacific’s warehouses, MROs, and maintenance bases.
“As a value co-creation partner, we have proposed solutions tailored to on-site operations based on learnings and insights gained from Cebu Pacific Air’s frontline operations,” said Arata Tomita, Director, Global Aviation Tire Solutions Business Division at Bridgestone. “We are very pleased that the official implementation of ‘easytrack’ has contributed to the improvement of operational accuracy, safety, and productivity.”
Bridgestone said the move aligns with its “Bridgestone E8 Commitment,” with a focus on enhancing efficiency and ecology by supporting sustainable tyre practices and operational productivity.
Giti Tire Unveils Prototype With 93 Percent Sustainable Materials, Targets 2030 Mass Production
Giti Tire has developed a concept tyre made with 93 percent sustainable materials as the Singapore-headquartered manufacturer accelerates efforts to commercialise greener products by the end of the decade.
The prototype combines 53 percent renewable ingredients such as deforestation-free natural rubber, pine-based resin and silica derived from rice husks with 40 percent recycled materials including rubber, carbon black, steel and polyester fibres from plastic bottles.
“For Giti, this stands as both a milestone and a promise—a testament to the possibilities when scientific ingenuity encompasses environmental stewardship,” said Mr. Gao Qiang Sheng, R&D General Manager at Giti Tire. “The Giti team will continue pioneering sustainable ways to improve products while maintaining our signature balance of performance and safety in order to deliver driving enjoyment for all drivers.”
Giti said the tyre achieved a technical readiness score of 9 out of 10, underscoring the viability of its eco-friendly compounds in high-performance applications. Bio-based polymers, next-generation manufacturing techniques and advanced recycling processes all contributed to the breakthrough prototype.
The company is aiming to begin mass production of the material platform by 2030 as part of a broader push to reduce reliance on petrochemicals and lower carbon emissions across its supply chain.
Bekaert Warns Of Weakening Demand As Tariffs And Fx Weigh On Outlook
Belgian steel wire maker Bekaert reported resilient first-half 2025 earnings as strong cash generation and cost control offset softer sales, but warned that tariffs and currency pressures are weighing on demand.
The company posted consolidated sales of €1.9 billion, down 5.2 percent year-on-year, with volumes declining 2.6 percent and price/mix effects stripping out a further 2.2 percent. Underlying EBIT slipped 16.2 percent to €171 million, delivering a margin of 8.8 percent compared with 9.9 percent a year earlier.
Free cash flow surged to €123 million from €43 million in the prior-year period, driven by a €135 million reduction in working capital and €21 million in cost savings as the company continued to streamline operations and rein in capex. Net debt fell to €327 million from €399 million despite a continuing €200 million share buyback programme, €74 million of which has been completed.
“We have continued to focus on what we can control best – cash flow and costs - and have significantly reduced overheads and working capital in H1 2025,” chief executive Yves Kerstens said. “Equally, I am very pleased with the hard work of our teams fighting for volumes in the current challenging markets.”
He added: “We are also taking further steps to make our business units more autonomous and agile. Therefore, I am very confident that we will come out of the current business environment stronger and more cost competitive than ever before.”
Bekaert said volumes were particularly strong in its Steel Wire Solutions and Rubber Reinforcement divisions in the United States and China, while European and Latin American demand lagged. Its Brazilian joint ventures delivered €24 million in net profit share, up from €20 million a year ago.
However, the group cautioned that growing trade tensions – including a rise in US steel tariffs from 25 percent to 50 percent – and the weakening of the US dollar and Chinese yuan against the euro were eroding pricing power and softening orders.
“Following a period of resilience in Q2, the tariff uncertainty and weakening economic outlook has started to have an impact on demand,” Bekaert said.
The company now expects slightly lower full-year 2025 sales on a like-for-like basis, with an underlying EBIT margin of between 8.0 percent and 8.5 percent, down from 8.8 percent in the first half.
- Yokohama Industries Americas de Mexico
- S. de R.L. de C.V
- Yokohama Rubber Co
- Yokohama Transformation 2026
- YX2026
Yokohama Rubber To Double Automotive Hose Manufacturing Capacity In Mexico Plant
- By TT News
- October 27, 2025
Yokohama Rubber Co has announced that its Mexican subsidiary, Yokohama Industries Americas de Mexico, S. de R.L. de C.V. (YIA Mexico), will expand its production capacity. YIA Mexico manufactures air conditioning and transmission oil cooling hose assemblies for the North American market.
The expansion involves constructing a new building on approximately 32,000 square metres of land adjacent to the existing plant, more than doubling the current site area. Construction is scheduled to begin in the fourth quarter of 2025, with operations expected to start in the fourth quarter of 2026.
The expansion aims to strengthen YIA Mexico’s profitability and support the continued growth of Yokohama Rubber’s hose and couplings business.
The move is part of the growth strategy within Yokohama Transformation 2026 (YX2026), the company’s medium-term management plan, which positions the hose and couplings business as a driver. Expanding capacity at YIA Mexico is an effort to restructure the MB Segment’s value chain and North American production network.
Prior to construction, a groundbreaking ceremony was held on 14 October, attended by local government officials, including the governor of the state of Aguascalientes and the mayor of the city of San Francisco de los Romo.
ZC Rubber Hosts WESTLAKE UK Distributor International Tyres At Its Headquarters
- By TT News
- October 25, 2025
In a significant move to reinforce their strategic partnership, ZC Rubber recently hosted a delegation from International Tyres, the exclusive UK distributor for its WESTLAKE tyre brand, at its Hangzhou headquarters. The visit, which included Managing Director Andy Jackson and Commercial Director Richard Allen, was centred on a mutual dedication to providing superior product quality, reliable supply chains and excellent service for commercial vehicle operators in the United Kingdom. The itinerary provided a comprehensive look into ZC Rubber's operations, beginning with a corporate showroom that detailed the company's brand history, global presence and future innovation strategies, including its sustainability efforts.
The tour then progressed to two key manufacturing facilities. The first was the Future Factory for passenger car tyres, where the delegation observed highly automated production lines. This facility demonstrated a commitment to smart manufacturing through real-time quality monitoring, end-to-end traceability and automated logistics, all designed to ensure consistent product quality while improving environmental efficiency. The second site visited was the Zhongce Qingquan TBR plant, which specialises in all-steel truck and bus radial tyres. Here, the guests witnessed the entire production process, from initial material mixing to final inspection.
The tour emphasised robust construction techniques, precise engineering and stringent quality checks that contribute to the tyre's durability and potential for retreading. This collaborative visit has set a strong foundation for the two companies to continue aligning on product availability and responsive support, ensuring that UK fleets receive dependable performance and value from WESTLAKE tyres across various demanding applications.
Leo Liao, European Sales Director of ZC Rubber International Business, said, “International Tyres is a trusted partner, and visits like this ensure we stay closely aligned with the expectations of UK customers.”
Andy Jackson, Managing Director, International Tyres, said, “We appreciated the open access to ZC Rubber’s teams and facilities. Seeing the manufacturing and quality processes behind WESTLAKE strengthens our confidence in the product and our ability to support fleets across the UK.”
Vredestein Wintrac Pro+ Shines In Auto Bild Allrad High-Performance Winter Tyre Test
- By TT News
- October 25, 2025
The Vredestein Wintrac Pro+ has earned a notable third-place ranking with an 'Exemplary' rating in a major test of high-performance winter tyres conducted by Auto Bild Allrad. The German magazine’s rigorous assessment involved 12 different tyre models in size 215/55 R 17, putting them through a demanding series of tests on specialised tracks in Finland and Germany. These trials – performed with a Volkswagen T-Roc as the primary test vehicle – were designed to evaluate safety and performance across the most challenging winter conditions, from icy and snow-covered roads to wet surfaces.
Testers praised the tyre for its exemplary balance and specifically highlighted its outstanding wet grip and traction. They described its performance as confident and well-rounded, noting its ability to deliver consistent grip and precise steering control even in highly demanding scenarios. This performance profile confirms the tyre's design and engineering purpose as an ideal choice for modern high-performance vehicles.
The Wintrac Pro+ is the latest flagship winter tyre from Vredestein, a brand with a heritage of winter innovation spanning more than half a century. Its advanced technology includes a high-silica tread compound and an optimised directional pattern. This combination is engineered to provide exceptional braking and handling on snow, slush and ice while also contributing to reduced rolling resistance for improved fuel efficiency.
To accommodate a wide array of vehicles, the tyre is available in over 120 different sizes fitting rims from 17 to 22 inches. The majority of these variants carry a ‘Y’ speed rating, meaning they are certified for speeds up to 300 kmph. Furthermore, every tyre in the range carries the Three Peak Mountain Snowflake symbol, certifying that it meets strict European regulatory standards for severe snow service.
Daniele Lorenzetti, Chief Technology Officer, Apollo Tyres Ltd, said, “The Vredestein Pro+ is a premium winter tyre designed specifically for high-performance cars and SUVs, including the latest generation of performance-oriented electric vehicles. With this segment continuing to grow rapidly, it’s significant that Auto Bild Allrad has once again endorsed the competitiveness of our products. The Wintrac Pro+ combines exceptional winter capability with the refinement and confidence expected by today’s drivers.”
Bridgestone Unveils RACING BATTLAX V03 Slick Motorcycle Tyre
- By TT News
- October 25, 2025
Bridgestone is set to redefine high-performance motorcycling with the 2026 introduction of its track-exclusive RACING BATTLAX V03 tyre in Europe and North America. This premium offering is engineered for a broad spectrum of riders, from dedicated amateurs to professional competitors, who demand exceptional speed and the ultimate in grip from their equipment.
The V03’s development is deeply rooted in Bridgestone’s proven success in elite global racing, such as a five-year winning streak in the FIM Endurance World Championship. This racing heritage directly informs the tyre's advanced technology, including a completely new front and rear profile that enlarges the contact patch with the track. This redesign, combined with novel compounds and sophisticated production methods, results in what Bridgestone describes as the most significant grip in the history of its BATTLAX line. When benchmarked against its predecessor, the V02, the V03's SOFT compound demonstrates a measurable 1.3 percent reduction in lap times, all while maintaining consistent performance over multiple laps.
A landmark innovation for this model is the introduction of a dedicated rear SPRINT spec. This variant is specifically formulated to deliver the absolute peak grip for shorter race formats. By concentrating its compound technology on immediate, maximum performance, the SPRINT spec achieves an even more substantial lap time improvement of 1.9 percent over the previous generation. This provides riders with a strategic choice, allowing them to select a tyre optimised for either endurance or all-out sprint racing conditions.
As the new flagship of Bridgestone's motorcycle racing portfolio, the RACING BATTLAX V03 embodies the company's philosophy of using motorsports as a dynamic laboratory. The technologies perfected in this track-focused tyre are intended to ultimately influence the development of future commercial products, marking a new era where cutting-edge racing innovation directly fuels advancements for all riders.

Comments (0)
ADD COMMENT