The Automotive Tyre Manufacturers’ Association (ATMA) has entered its Golden Jubilee year, celebrating five decades of fostering growth in India’s tyre sector and its pivotal role in the nation’s economic progress.

Established in 1975, ATMA has grown into the premier industry body representing over 90 percent of the country’s tyre production, solidifying its position as a cornerstone of India’s industrial landscape.

Over the past 50 years, the Indian tyre industry has achieved remarkable milestones in production, exports, research and development (R&D) and innovation, setting benchmarks for emerging sectors globally. Today, India ranks among the world’s largest tyre manufacturers, producing more than 200 million tyres annually.

The industry’s self-sufficiency is a standout achievement. India boasts indigenous capabilities to manufacture a wide range of tyres, from moped tyres to massive off-the-road (OTR) tyres – a feat few countries can match. This self-reliance has not only strengthened the domestic market but also positioned India as a major global exporter. Indian-made tyres are now shipped to over 170 countries, including stringent markets like US and Europe. Annual tyre exports are valued at approximately INR 250 billion, accounting for nearly 25 percent of the industry’s revenue.

The tyre industry’s impact on job creation is substantial, supporting a vast value chain that spans rubber planters, tyre mechanics, manufacturers and dealerships. It sustains over one million natural rubber (NR) planters, as 75 percent of India’s NR production is consumed by tyre manufacturing. An additional million workers are engaged in tyre production, retreading, dealerships and repair services nationwide.

A groundbreaking initiative, the INROAD project, exemplifies the industry’s commitment to self-reliance. In collaboration with the Rubber Board, the tyre industry is funding large-scale NR plantations in Northeast India. This partnership marks the first global instance of a natural rubber-consuming industry (the tyre sector) partnering with government agencies to fund NR cultivation, potentially transforming India’s journey towards NR self-sufficiency.

India’s tyre industry is increasingly aligning with global standards in practices, product quality and R&D. The country now houses some of the world’s most advanced radial tyre manufacturing facilities. International vehicle manufacturers (OEMs) are launching leading brands in India equipped with Indian-made tyres, underscoring the industry’s quality and competitiveness. Five Indian tyre companies are now ranked among the world’s top 30, reflecting the sector’s growing influence in the global manufacturing ecosystem.

India’s strengths in tyre manufacturing are undeniable. A combination of seasoned entrepreneurship, skilled manpower and robust NR plantations positions the country as a potential global hub for tyre production.

The recently concluded Bharat Mobility Global Expo highlighted the industry’s 50-year growth journey, showcasing its evolution into the ‘wheels of the nation’ through a series of banners arranged as a walkthrough.

Rajiv Budhraja, Director General ATMA, said, “I had the privilege of joining ATMA at a young age and have witnessed the growth of the industry from close quarters, especially after the economic liberalisation. It is gratifying to see the industry growing from a size of about INR 50 billion to INR 1,000 billion in the last three decades.”

“At this moment, I am full of gratitude to the industry leaders who have provided vision and direction to the industry and the association over all these years and to the untiring efforts of all those involved in the industry who have turned that vision into reality. Thanks are also due to publications like Tyre Trends (and its previous avatar of Tyre Asia) for chronicling this remarkable journey of the industry. Here’s to the unstoppable movement of wheels of the economy,” added Budhraja.

GREEN OFFICE, CLEANER FUTURE: HOW ATMA IS REIMAGINING WORKPLACE SUSTAINABILITY

In the heart of New Delhi’s bustling PHD House, ATMA is proving that office spaces can be more than just functional – they can be transformative environmental statements.

Under the leadership of Budhraja, ATMA has turned its headquarters into a verdant oasis that’s part workspace, part ecological experiment. The organisation has embraced a holistic approach to sustainability that goes beyond mere corporate rhetoric.

Not only do plants improve air quality by absorbing carbon dioxide and releasing oxygen, but they also have been shown to reduce stress and increase focus. “Thus was born the idea to have a green workspace so as to boost productivity, creativity and overall well-being”, said Budhraja.

The office is now a living, breathing ecosystem where every square foot serves a purpose. Lush greenery isn’t just decorative – it’s a strategic tool for improving air quality, reducing stress and boosting employee productivity.

ATMA has implemented energy-efficient lighting systems that dramatically reduce power consumption across their office space. The organisation’s architectural design features strategically placed open areas that maximise natural sunlight, reducing the need for artificial lighting during daytime hours.

By adopting a circular economy approach to waste management, ATMA transforms leftover food into nutrient-rich compost, which is then used to support the office’s green spaces, creating a closed-loop sustainability system.

The entire ATMA team is now actively engaged in maintaining this green space, turning sustainability from a corporate mandate into a shared cultural value.

It’s a small but significant step in an industry not typically associated with environmental innovation. By reimagining their workspace, ATMA is sending a powerful message: sustainability starts at home – or in this case, the office.

Titan International, a major global manufacturer of wheels and tyres for off-highway equipment, has secured expanded production rights for the Goodyear brand across multiple segments while renewing its existing farm tyre licensing agreement.

The deal extends Titan’s Goodyear brand manufacturing rights to include light construction, industrial, all-terrain vehicle (ATV), lawn and garden and golf tyre categories, significantly broadening the company's market reach.

The Illinois-based firm will continue to produce agricultural tyres under the Goodyear Farm Tyres brand, maintaining its presence in a sector where it manufactures products ranging from small implement tyres to the massive Goodyear Optitrac LSW1400/30R46, which features the company's proprietary Low Sidewall Technology.

"We are excited to expand our rights into new segments, as this positions us to serve our customers better and seize emerging market opportunities. Our research and product development teams are already working on new tyre designs incorporating innovative tyre technologies for the lawn and garden segment," said Paul Reitz, President & CEO of Titan International, Inc. "In addition to our newly acquired rights, we are reaffirming our commitment to the farm tyres segment, a vital part of our business."

Industry analysts note the expansion comes as demand for specialised off-highway tyres remains robust across construction, agriculture and recreational sectors despite broader economic headwinds.

Strategic growth initiative

The licensing expansion aligns with Titan's strategy to offer comprehensive wheel and tyre solutions across forestry, powersports, outdoor power equipment, agricultural, earthmoving, and light construction markets throughout the Americas, Europe, Africa and Oceania.

The company did not disclose the financial terms of the licensing agreement with Goodyear.

Titan International has manufactured Goodyear-branded farm tyres since 2005, when it acquired Goodyear's North American farm tyre business. It has gradually expanded these rights to other regions, including Latin America, Europe, the Middle East, Africa, Russia, and Australia.

Targets International Expansion With Robust Fy25 Performance

CEAT Ltd, the RPG Group’s flagship tyre company, reported a capital outlay of INR 9–10 billion  for FY2025–26, keeping with its capacity expansion strategy and global integration. This follows a strong FY25 performance of record revenues and double-digit growth across segments despite headwinds in overseas markets.

The business ended FY25 with consolidated revenue of INR 132.18 billion, up 10.6 percent year on year, and Q4 revenue at INR34.21 billion, up 14.3 percent compared to the corresponding quarter previous year. The standalone full-year EBITDA was INR 15 billion, and the Q4 operating margins improved by more than 100 basis points sequentially at 11.5 percent.

"We incurred capex of INR 9.46 billion in FY25 and expect a similar investment of INR 9–1.0 billion in FY26," said Kumar Subbiah, Chief Financial Officer of CEAT. “Our focus will remain on expanding capacities, particularly at the Ambarnath and Chennai facilities, and funding the integration of the recently acquired Camso compact construction business.”

In FY25, CEAT depreciated assets amounting to INR11.40 billion. Much of its FY26 capex will also fund equipment modernisation and normal maintenance at its Sri Lankan operations under Camso, putting a cost estimate of INR1-1.25 billion a year over the next two years.

The Camso acquisition, which is effective from Q2 FY26, is likely to significantly enhance CEAT's global presence. "Integration work has started in full acceleration," said Arnab Banerjee, Managing Director and CEO. “Initial focus will be on customer retention and business continuity, with consolidation expected to double Camso’s current capacity utilisation over the medium term.”

Despite international uncertainties, CEAT renewed its medium-term global growth forecast. Exports are expected to form 25–26 percent of the revenue post-Camso integration. Turbulence still exists in Latin America and North America due to tariff policies and exchange rate weakness. CEAT, however, has reported consistent performance in Europe, the Middle East, and Southeast Asia.

CEAT also indicated a likely raw material cost stabilisation in Q1 FY26, potentially softening by Q2, to support its margin growth initiatives. The gross margin was 37.5 percent in Q4 FY25, and the target was above 40 percent in the near term.

Banerjee signaled ongoing activity in electrification, premiumisation, and digitalisation. "With our technology outlays and new product introductions, we are hopeful of sustaining 20–25 percent market share in electric vehicle segments," he asserted.

The debt levels of the company are under control. The gross debt as of 31 March 2025 was INR 19.28 billion with a debt-to-EBITDA ratio of 1.3x and debt-to-equity ratio of 0.44x. Subbiah added that CEAT's strong cash generation will allow it to finance both organic and inorganic growth without materially diluting leverage metrics.

Black Swan Graphene Inc. (Black Swan) has appointed Jobin George as Technical Sales Manager for the Europe, Middle East and Africa (EMEA) region with immediate effect. This significant move, which supports Black Swan's worldwide commercial team as it promotes adoption of its graphene-enhanced products, follows Dan Roadcap’s appointment as Head of Technical Sales and Business Development.

George has an MBA from ICFAI University in India, a Post Graduate Diploma from the Central Institute of Petrochemical Engineering and Technology in India and a Bachelor of Science in Chemistry from Mahatma Gandhi University, India. He brings with him more than 20 years of global expertise in project management, business development and technical sales. George has had positions at Sands International Plastics and Sojitz Corporation in the United Arab Emirates, as well as Aquapak Polymers and H-Pack Global Ltd.

Simon Marcotte, President and Chief Executive Officer, Black Swan Graphene, said, “The addition of Jobin to our commercial team marks another important milestone in our global expansion strategy. His international experience, particularly in the EMEA region, and his proven ability to translate technical capability into commercial success make him an ideal fit as we continue scaling our graphene business.”

George said, “Black Swan is positioned at the forefront of advanced materials innovation. The opportunity to contribute to the adoption of such a transformative technology across the EMEA region is tremendously exciting. I look forward to engaging with our existing customers and partners, along with exploring opportunities for new clients as well, to showcase the performance and value of Black Swan’s graphene solutions.”

The Tire Recycling Foundation (TRF), a joint initiative led by the U.S. Tire Manufacturers Association (USTMA) and the Tire Industry Association (TIA), has appointed Stephanie Mull as its Executive Director.

Mull will spearhead the organisation's initiatives to promote innovation and invest in the circular tyre economy, expand the market for end-of-life tyres and support studies to fill in the gaps in the sustainability and tyre recycling supply chain in her new role at TRF. Mull brings a wealth of experience in the sustainability field and a broad understanding of fleet management and decarbonisation, including converting fleets to electric and alternative fuel vehicles. In her role as PepsiCo's Sustainability Senior Manager, she oversaw major electrification projects, obtained grant money and spearheaded efforts to lower Scope 1 and Scope 2 emissions throughout Pepsi and Frito-Lay's North American fleets. Mull oversaw the local government's efforts to upgrade municipal vehicles to greener technology and volunteered to help the Red Cross electrify its fleet.

Anne Forristall Luke, TRF Board President, said, “Stephanie Mull brings the passion, in-depth expertise and history of excellence that will drive TRF and its partners to achieve critical tyre recycling and reclamation milestones. We are thrilled to have her join the Foundation as we advance tyre sustainability while tackling the challenges and opportunities ahead.”

Mull said, “I’m honoured to join the Tire Recycling Foundation and support its sustainability mission to achieve 100 percent end-of-life tyre circularity. TRF is a vital nexus of expertise and leadership, and I look forward to working with all stakeholders in developing tyre recycling solutions that pave the way for a more sustainable future.” 

The Tire Recycling Foundation is dedicated to achieving 100 percent circularity for end-of-life tires by advancing innovation, building partnerships and supporting scalable recycling and reclamation solutions. Consisting of 15 global industry leaders with expertise in the manufacturing, recycling and transportation industries, TRF’s Board primarily focuses on the acceleration and adoption of emerging end-of-life tyre market technologies like rubber-modified asphalt (RMA).