US Tariff Hike Threatens Growth of Indian Tyre Exports, Warns ICRA

US Tariff Hike Threatens Growth of Indian Tyre Exports, Warns ICRA

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.

Giti Tire Outlines Comprehensive Winter Safety Strategy

Giti Tire Outlines Comprehensive Winter Safety Strategy

As temperatures drop and road conditions become increasingly unpredictable, ensuring vehicle safety demands more than cautious driving. Giti Tire, drawing on over seven decades of global expertise, offers both advanced tyre technology and practical guidance to help drivers navigate winter’s challenges with confidence. Their latest winter offerings, the Giti Winter Comfort WT26 and the Giti Winter Control WT80, cater to a wide range of vehicles with sizes spanning R15 to R22. These tyres, developed under the AdvanZtech platform with Ice Surface Adhesion Technology 3.0, demonstrate how innovation can directly enhance grip and stability in icy and snowy conditions.

However, even the most sophisticated tyres require proper maintenance to perform effectively. Giti highlights that drivers frequently overlook how colder weather affects their tyres. A significant drop of 10°C can cause tyre pressure to decrease, which in turn impacts braking and handling. Checking pressure monthly when the tyres are cold helps maintain optimal performance. Tread depth is another critical factor; once it nears the wear indicators, replacement is essential. Additionally, the condition of the rubber itself matters – prolonged exposure to moisture, harsh sunlight or road chemicals can accelerate aging. Simple habits like parking carefully and clearing debris from the tread grooves can prevent damage and extend tyre life.

When temperatures consistently hover below 7°C, or when frost and snow coat the roads, switching to dedicated winter tyres becomes a necessity rather than an option. Unlike all-season alternatives, winter tyres retain their flexibility in extreme cold, offering superior traction on slippery surfaces. This translates to more controlled acceleration, braking and cornering. The WT26, for instance, is engineered for comfort and quiet operation. Its specialised rubber compound works to absorb the thin water layer on ice, while interlocking tread blocks and dense sipes provide secure footing without compromising cabin serenity. For those who prioritise dynamic handling, the WT80 employs a bionic tread pattern and tightly packed sipes that act like brushes on ice, sharpening steering response and braking precision. Advanced groove designs also boost snow traction, while noise optimisation technology ensures a refined ride even at higher speeds.

Beyond tyres, a holistic approach to winter preparation is vital. Drivers should verify that lighting, brakes and steering systems are in peak condition before the season sets in. Choosing the right windshield washer fluid, one rated for local low temperatures, prevents freezing and maintains visibility. On the road, managing fogged windows, using lights appropriately and keeping a steady rhythm on slick surfaces are key defensive driving techniques. Electric vehicle owners face unique considerations; preserving battery health means avoiding extended parking in extreme cold with a low state of charge. Even routine car washing matters – opting for warmer parts of the day and using warm water reduces stress on paint and glass caused by rapid temperature changes.

These combined efforts, from high-tech tyre selection to mindful daily habits, form a comprehensive safety net. By attending to both the obvious and easily missed details, drivers can significantly reduce risk and maintain control throughout the winter months.

Dunlop Makes 18-Month Tyre Insurance Standard Across Entire Range

Dunlop Makes 18-Month Tyre Insurance Standard Across Entire Range

Dunlop Tyres South Africa has announced that from 1 February 2026, its 18-month Dunlop Sure Tyre Insurance has become a standard feature included with every tyre purchase across its entire range. This decision follows an overwhelmingly positive response from South African motorists to a previous limited-time promotion that extended the cover period.

The original promotion, which added an extra six months of protection to the standard 12-month policy, was introduced as a temporary measure. However, it quickly became evident that South African drivers highly valued the extended security and long-term peace of mind it provided against unforeseen tyre damage.

Lubin Ozoux, the CEO of Dunlop Tyres South Africa, explained that the feedback from their dealer network, who interact with customers daily, highlighted a clear demand for a robust safety net. Motorists are seeking reassurance that they are protected should a tyre suffer irreparable damage from common road hazards. Responding to this consumer need, the company has taken the significant step of embedding the 18-month cover as a permanent, no-cost feature. This move underscores the brand's confidence in its product quality and its commitment to delivering genuine added value.

By standardising this extended protection, Dunlop aims to reinforce its market leadership, offering a comprehensive package that goes beyond premium performance and safety. The proposition now provides continuous support and value for drivers long after their initial purchase. To activate the cover, customers simply need to buy their Dunlop tyres from a Dunlop-branded store and register them on the official Dunlop website within seven days. This free insurance provides crucial financial protection against the cost of replacing tyres damaged beyond repair by hazards on the road.

Ozoux said, “By making 18 months of Dunlop Sure standard, we’re reinforcing our confidence in our products and raising expectations of what tyre ownership should deliver – safety, value and reassurance.”

Maxion Wheels Activates New Solar Installation At San Luis Potosí Plant

Maxion Wheels Activates New Solar Installation At San Luis Potosí Plant

Maxion Wheels, a division of Iochpe-Maxion and a global leader in wheel manufacturing, has taken a significant step forward in its environmental strategy by activating a new on-site solar energy system at its facility in San Luis Potosí, Mexico. This installation, developed in partnership with Iberdrola México, is part of a broader commitment to reducing the company's carbon footprint through the adoption of renewable energy sources. It marks the ninth solar project completed by Maxion Wheels worldwide.

The newly commissioned photovoltaic system boasts a capacity of 499 kilowatts, enabled by the installation of 1,073 solar modules. It is projected to generate around 919 megawatt-hours of clean electricity on an annual basis. This initiative is expected to eliminate approximately 617 tonnes of CO2 emissions each year, an environmental benefit comparable to the carbon sequestered by more than 10,200 trees over a decade. The clean energy produced will directly support the decarbonisation of the plant’s manufacturing processes.

This project in San Luis Potosí is one element of a three-part solar collaboration between Iochpe-Maxion and Iberdrola within Mexico. It follows the activation of a similar system at the company’s Chihuahua plant in 2024 and precedes another photovoltaic project at the Castaños, Coahuila facility, which is anticipated to come online soon. These investments are integral to Maxion’s global sustainability framework, known as Roadmap Zero, which sets the ambitious target of achieving net-zero emissions across all company operations by 2040.

The Maxion Wheels plant, which began operations in 1996, is situated in the capital city of San Luis Potosí state. The expansive facility covers roughly 70,000 square metres and specialises in producing steel wheels for both light and commercial vehicles, supplying a diverse portfolio of leading international automotive manufacturers. The recent inauguration of the solar project was marked by the presence of company leaders Alexandre Becker and Alfonso Campos, alongside local dignitaries including Sonia Mendoza Díaz, the Secretary of Ecology and Environmental Management for the state, and César Lara from the CROM labour confederation, as well as the plant’s manager, Hugo Soriano.

Alfonso Campos, Commercial Director, Iberdrola México, said, “Through this partnership, we are supporting Maxion Wheels in its transition towards cleaner and more environmentally responsible processes. On-site photovoltaic energy enables lower emissions, greater cost stability and direct positive impact across the entire value chain. It is a tangible benefit for both industry and the planet, and it motivates us to continue growing together.”

Alexandre Becker, Business Unit President Americas, Maxion Wheels, said, “The inauguration of the photovoltaic solar panel system at our San Luis Potosí plant marks a decisive step in our ongoing commitment to sustainability, innovation and environmental responsibility. This project is the result of a collective effort across multiple teams, united by a shared purpose and a common vision.”

Yokohama Rubber Reports Record Sales And Profit For Fifth Consecutive Year

Yokohama Rubber Reports Record Sales And Profit For Fifth Consecutive Year

Yokohama Rubber reported record sales and profit for fiscal 2025, marking a fifth consecutive year of growth, as higher tyre volumes and a stronger product mix offset one-off costs linked to an acquisition.

Sales revenue rose 12.8 percent year on year to USD 8.2 billion. Business profit increased 24.0 percent to USD 1.11 billion, while operating profit advanced 28.3 percent to USD 1.02 billion. Profit attributable to owners of parent climbed 40.7 percent to USD 0.70 billion. The business profit margin reached a record 13.5 percent.

The company said the increase in consolidated business profit reflected strong performance in existing operations, which absorbed one-time costs related to the acquisition and consolidation of Goodyear’s OTR business. In tyres, profit rose on higher unit sales of consumer tyres and continued growth in high-value-added ADVAN, GEOLANDAR and winter tyres, alongside larger-diameter products. In the MB segment, cost reductions and structural reforms supported profitability.

For fiscal 2026, management targets sales revenue of USD 8.7 billion, business profit of USD 1.25 billion, operating profit of USD 1.15 billion and profit attributable to owners of parent of USD 0.60 billion, aiming for a sixth consecutive year of sales and profit growth.