All roads led to Delhi-NCR as automakers, component suppliers and allied ecosystem players showcased their mettle and contributed to the success of the world’s second-largest automotive show – Bharat Mobility Global Expo 2025.

The six-day megaevent beginning 17 January 2025, spread across three venues had focus on nine key aspects of mobility. This included The Auto Expo Motor Show 2025, India International Tyre Show 2025, India Cycle Show 2025, Bharat Battery Show, Steel Pavillion and Mobility Tech Pavillion at Bharat Mandapam, new Delhi. The Auto Components Show 2025 at Yashobhoomi, Dwarka, New Delhi; Bharat Construction Equipment Expo and Urban Mobility & Infrastructure Show at India Expo Centre & Mart, Greater Nodia, respectively. The Bharat Mobility Global Expo 2025 had plenty of insights and updates for everyone.

In its second year, the Bharat Mobility Show 2025 was on the theme of ‘Beyond Boundaries: Co-creating Future Automotive Value Chain’. The idea was to foster collaboration and innovation across the automotive and mobility sector. For long, the Indian automotive market has been seen as a global trend follower, but now with the focus on manufacturing, technology and software-era, the country is becoming a globally major driving force.

The event spread across 100,000 square metres is said to have attracted around 983,522 visitors in the course of six days. It also hosted over 800 exhibitors, more than 500 delegates and conducted 20-plus conference with over 2,500 delegates in the span of six days. Interestingly, exhibitors had a total of 239 launches across all the concurrent shows, which is amongst the highest-ever recorded in India or probably the world.

What’s interesting to note is that, unlike most automotive global shows, the focus on different mobility ecosystem meant that exhibitors and visitors alike could have much more fruitful interactions, discussions thus leading to significant business opportunities.

Prime Minister Narendra Modi, who inaugurated the Expo on 17 January 2025, had said, “The entire mobility industry, the whole government and the whole nation have come together for this expo. Driven by the aspirations of the people and energy of the youth, India’s automobile sector is witnessing an unprecedented transformation.”

One of the key industries that has been working exhaustively behind the scenes to support the future of mobility is the tyre segment, as their products are the only point of contact between a vehicle and the road. And with the focus on sustainability at the forefront, tyre makers and allied players are increasingly stepping up their game to support the future of mobility.

INTERNATIONAL TYRE SHOW 2025

The Indian tyre industry is pegged at more than USD 11 billion (2022-23) with exports of around USD 2.9 billion (2022-23). The country is home to more than 28 tyre makers operating 62 plants, showcasing the robust domestic demand and also the manufacturing prowess.

It was no surprise that a dedicated event was planned, where more than 30 companies across tyre makers and suppliers presented their solutions and services to showcase their latest offerings. Some of the companies present at the event include Amazon Web Services India, Apollo Tyres, Automotive Tyre Manufacturers’ Association, Bansal Wire Industries, Bridgestone India, Ceat, Eco Crumbs & Reclaim, Emerald Tyre Manufacturers, Epsilon Carbon, Fabhind, Fornnax Technology, GoGreen Enterprises, Goodyear, GRP, Himadri Speciality Chemical, INDAG Rubber, Indo Green Enviro, IRMI, JK Tyre & Industries, L&T Rubber Processing Machinerv, Madura Industrial Textiles, Michelin India, MRF, Neo Wheels, Parker Lord, Rajratan Global Wire, Ralson (India), Rubber Board, Rubber King Pvt Tyres, Sai Commodities, Sanathana Analytics and Recruitment Services, SRF, Tata Chemicals, Test Industry, Triton Valves and Tyreloop Intermesh.

For tyre makers, besides displaying their popular products, a key focus was seen on showcasing their innovation to support the electrification trend in the country. In addition to using sustainable materials, electric vehicle (EV) tyres with foam-in tyre technology, which absorbs noise, was a key highlight at the event. On the other hand, the focus was on introduction of premium tyres; for instance, Apollo Tyres showcased the Vredestein tyre, which was being localised and supplied to a premium car maker in India.

Bridgestone India on its part showcased the ENLITEN technology-based tyres, which the company claims offer the ‘ultimate customisation’ that provides enhanced ride comfort, lower noise, superior wear life and improved fuel efficiency. The tyres are designed for both IC-vehicles, EVs and can support a variety of formfactors such as SUVs, CUVs, sedans and hatchbacks. The ENLITEN technology is claimed to reduce raw material consumption and lower carbon emissions at both production and usage.

RPG Group-owned Ceat showcased its all-terrain tyres, the CrossDrive range, EnergyRide built for electric scooters, Winload Series – premium tyres for truck and tyres for the farm, mining and off-road segment. JK Tyre & Industries launched two new tubeless truck & bus tyres, JDL XM & JUM XM, in the truck category.

Ralson Tyres took the opportunity to announce its entry in the Indian commercial vehicle segment with the introduction of its globally proven technology. It was in 2023 that the company inaugurated its Indore facility to mark its foray in the commercial vehicle tyre segment. The 60,000 MTPA plant is almost running at full capacity and serves the North America, Europe, Latin America, Africa and the Middle East market.

The event provided an opportunity not only for tyre manufacturers to introduce new products but also for key suppliers and partners to showcase their latest technologies. Michelin displayed its wide range of tyres from Lunar tyres and concept tyres to tyres made of recycled materials and high-performance commercial tyres.

Indag Rubber, a leading supplier of pre-cured tread rubber (PTR) solutions, introduced Win Master, which it claims is a revolutionary PTR brand that enables one of the highest 100,000-km mileage on radial tyres. This high on sustainability solution, it believes, will reduce operational costs and provide exceptional value to fleet owners.

Epsilon Carbon, a leading supplier of carbon black, launched Terrablack, its new product line, which is said to support tyre makers drive towards sustainability.

The company shared that Terrablack used recovered Carbon Black (rCB) and Tyre Derived Oil (TDO), which offers high-performance, eco-friendly solutions to meet the needs of both the tyre and non-tyre industries. It is said to have been extensively tested for 24 months. The Terrablack portfolio includes Terrablack 3310, engineered for heavy-duty applications like tyre treads, which provides superior wear resistance and durability, whereas Terrablack 6615 was designed for flexibility and resilience, ideal for tyre sidewalls, hoses, belts and sealing systems.

The company also announced its plans to establish a fully integrated tyre recycling plant in Karnataka, which is expected to go live by FY2026. This facility will recycle 30,000 tonnes of tyres annually and generate 9,500 tonnes of recovered carbon black and 12,000 tonnes of tyre-derived oil.

AUTO SHOW 2025

One of the most prominent highlights of the Bharat Mobility Auto Show 2025 was the Auto Expo, where legacy and new-age automakers wanted to showcase not only their newest offerings but also their global range and their imagination of what the future vehicles would look like.

It is interesting to note that a total of 90 vehicles were launched at The Auto Expo Motor Show 2025. A vast majority of them being electric and in some cases flex fuel and other alternative powertrains.

In the passenger vehicle segment, Maruti Suzuki India, the country’s largest carmaker, formally marked its entry in the EV segment with the e Vitara – a pure electric SUV with a claimed range of up to 500 km. Hyundai Motor India too introduced the Creta Electric SUV, its first EV offering on its most popular product in the country. VinFast, the Vietnam-headquartered auto maker, showcased its global product offerings across passenger vehicle and two-wheeler segment, which are expected to be introduced soon in the country.

The luxury segment saw the introduction of the BMW X1 Long Wheelbase All Electric; Mercedes EQS Maybach SUV 680 ‘Night Series’ and Maybach GLS 600; JSW MG Motor India unveiled its premium affordable brand ‘MG Select’ and the first of its two offerings, the MG Cyberster and MG M9. Porsche India unveiled two groundbreaking EVs, the all-new Macan SUV and the updated Taycan sports saloon.

Tata Motors launched the new Tata Sierra, while Kia brought the new EV6. Skoda Auto India showcased its global portfolio along with concept vehicles. Other key highlights included the Suzuki Motor India’s Access electric scooter, Gixxer SF 250 Flex Fuel; Hero MotoCorp’s Xtreme 250R & Xpulse 210 motorcycles and Xoom 125, Xoom 160 scooters and Vida V2 e-scooter; Honda Motorcycle & Scooter India revealed the prices of the Activa e: and the QC1 e-scooters and Vayve Mobility showcased Eva, a solar panel integrated micro car for urban commute.

In the commercial vehicle space, Tata Motors, VE Commercial Vehicles, Eka Mobility, Ashok Leyland, Switch Mobility, Cummins India, SML Isuzu, JBM Auto, TI Clean Mobility, Omega Seiki Mobility and Olectra Greentech showcased their product offerings across ICE and EV offerings.

COMPONENTS SHOW 2025

Right over at the recently opened Yashobhoomi, the Auto Components Show 2025 was home to over 1,000 exhibitors showcasing their products and solutions for supporting the automakers in their quest for sustainability.

Spread across 70,000 square metres, it attracted almost 100,000 visitors with 60 new product launches, interactive forums and engaging activities. Component makers across tier-1, tier-2, tier-3 and ancillary industries took the opportunity to not only showcase products for IC-vehicles and EVs but also presented live demonstrations for manufacturing and shopfloor activities.

This state-of-the-art exhibit featured transformative solutions shaping the future of transportation, from contributors like Bosch, HCLTech, Tata Elxsi, KPIT, QuestGlobal, and Capgemini, alongside other startups and mobility service providers.

The component makers proved their mettle by showcasing not just made-in-India but also designed-in-India products. Some of the key exhibition included DGMS-compliant safety technologies by Novus Hi-Tech to revolutionary Paint Protection Films by ALP Group, advanced EV solutions by BorgWarner and ParaSafe’s Jacket and Jeans designed specifically for motorcyclists, delivery personnel and high-risk users, representing a transformative leap in personal safety and mobility.

To conclude, the Bharat Mobility Global Expo 2025 offered a comprehensive glimpse into the future of mobility, from software-driven innovations to sustainable manufacturing practices. With its broad focus on passenger vehicles, commercial vehicles, tyres and components, the event underscored India’s emergence as a global leader in the automotive sector.

As India continues to champion sustainability, technology and localisation, Bharat Mobility Global Expo is slated to play a pivotal role in shaping the global automotive landscape.

Tire Rack is celebrating the induction of its co-founder and longtime CEO, Mike Joines, into the Tire Industry Hall of Fame. The company credits Joines' automotive passion as the foundational spark for its mission to transform the tyre industry. Under his leadership, Tire Rack pioneered one of the first e-commerce platforms for tyre retailing, fundamentally changing how consumers research and purchase tyres.

The company’s philosophy, established by Joines, centred on empowering customers through comprehensive information rather than just completing a sale. This customer-first approach was built upon providing detailed product reviews, performance testing data, side-by-side comparisons and expert guidance.

Tire Rack also acknowledges that Joines understood the critical role of its team, noting that the ingenuity and integrity of its employees have been the true driving force behind decades of innovation and sustained customer trust. The company honours Joines as an enthusiast, innovator and leader whose devotion remains a source of inspiration.

Goodyear Tire & Rubber reported a net loss of USD 2.2 billion for the third quarter of 2025, weighed down by significant non-cash charges, even as its “Goodyear Forward” transformation programme continued to deliver strong operational benefits and major divestitures were completed.

The tyre maker said segment operating income rose to USD 287 million in the quarter, reflecting USD 185 million in cost-saving benefits from Goodyear Forward, which helped offset inflationary pressures, lower volumes and the absence of prior-year insurance recoveries.

“We delivered a meaningful increase in segment operating income relative to the second quarter in an industry environment that continued to be marked by global trade disruption,” said Mark Stewart, Chief Executive Officer and President. “This growth underscores our strong product portfolio and the consistency of our execution under the Goodyear Forward plan, both of which we expect to support further acceleration in our earnings during the fourth quarter.”

Goodyear’s quarterly net sales were USD 4.6 billion, with tyre unit volumes at 40 million. The company recorded a USD 1.4 billion non-cash deferred tax asset valuation allowance and a USD 674 million goodwill impairment charge during the quarter. Adjusted net income was USD 82 million, compared with USD 102 million a year earlier.

The company stated that all planned asset sales under its Goodyear Forward plan had now been completed, generating total gross proceeds of approximately USD 2.2 billion, which will be used to reduce debt and reinvest in growth.

On 31 October, Goodyear finalised the sale of the majority of its Goodyear Chemical business to an affiliate of Gemspring Capital Management, LLC, for USD 650 million, subject to adjustments. At closing, Goodyear received approximately USD 580 million in cash, which reflected working capital adjustments, including those for intercompany receivables.

“With the sale of our Chemical business, we have completed all of the planned asset sales included in our Goodyear Forward transformation program,” said Stewart. “Additionally, we surpassed initial expectations, with total gross proceeds from the divestitures of approximately USD 2.2 billion. As a result, we have a more focused, streamlined portfolio that will allow us to grow our core products and services and achieve our vision of being #1 in Tires and Service.”

The sale included Goodyear Chemical facilities in Houston and Beaumont, Texas, as well as a research office in Akron, Ohio. The company retains its chemical plants in Niagara Falls, New York, and Bayport, Texas, as well as the rights to the products produced there.

By region, the Americas segment reported third-quarter sales of USD 2.7 billion, a 4.2 percent year-over-year decline, as replacement tyre volumes decreased due to high inventories of imported products in the US market. Segment operating income fell to USD 206 million from USD 251 million.

In Europe, the Middle East and Africa (EMEA), sales rose 4.4 percent to USD 1.4 billion, supported by favourable currency movements and stronger price/mix. Operating income increased to USD 30 million from USD 23 million a year earlier.

Asia Pacific sales fell 18.9 percent to USD 501 million, reflecting the sale of the Off-the-Road (OTR) tyre business and softer demand in Japan, Australia and China. Segment operating income dropped to USD 51 million from USD 72 million.

Goodyear said it expects to achieve about USD 1.5 billion in annualised run-rate benefits from the Goodyear Forward programme by the end of 2025.

Tomoshige “Tomo” Mizutani, advisor and former Chairman and Chief Executive of Nitto Tire USA Inc., has been inducted into the Tire Industry Hall of Fame, one of the sector’s most prestigious honours.

The induction, hosted by the Tire Industry Association (TIA), will take place in Las Vegas alongside the 2025 SEMA Show, running from November 4 to 7.

With more than four decades in the tyre industry, Mizutani is widely credited with transforming Nitto Tire USA from a struggling operation in the early 1990s into a billion-dollar brand recognised for its innovation, performance, and strong connection with car enthusiasts.

“Our 2025 inductees embody the spirit of innovation and service that defines the tyre industry,” said Dick Gust, CEO of the Tire Industry Association. “Their contributions have improved safety, expanded opportunity, and shaped the way we do business worldwide.”

Mizutani’s approach combined deep market insight with bold risk-taking. By engaging with emerging communities of young car enthusiasts and later expanding into the off-road segment, he helped reposition Nitto as a brand built around passion and creativity.

Known for embracing innovation, Mizutani was among the first to champion enthusiast-driven product development and leverage digital and social media marketing to build brand loyalty. Under his leadership, Nitto cultivated a social media community exceeding 13 million followers, making it one of the most engaged automotive brands online.

“When new game-changing innovations would arise,” Mizutani said, “we viewed them as huge opportunities instead of risks.”

A frequent speaker at leading universities and industry events, Mizutani has shared his philosophy of creativity, resilience and perseverance with aspiring business leaders, often reminding audiences to “never ever give up.”

“This honour is beyond my dreams,” Mizutani said. “I’ve been privileged to meet and learn from industry legends who inspired me since my first day in America. I am deeply grateful for the incredible people who have guided, challenged, and supported me throughout my journey.”

Finnish tyremaker’s third-quarter operating profit surges 427 percent to 21.8 million euros. Romanian factory ramp-up progressing as planned, now operating 24/7. Heavy investment phase nearing its end as the company targets a cash flow turnaround.

Finnish tiremaker Nokian Tyres reported a more than fivefold increase in third-quarter operating profit, as aggressive pricing increases in passenger car tyres and improved manufacturing efficiency offset challenging market conditions and years of operational upheaval.

The company, known for its winter tyres, said operating profit jumped 427 per cent to 21.8 million euros ($23.7 million) in the July-September period from 4.1 million euros a year earlier, when results were dragged down by 13.3 million euros in inventory write-downs related to contract-manufactured products.

Net sales grew 10.8 percent to 344.1 million euros at constant exchange rates, with the company achieving growth across all regions despite what it characterised as stable replacement tyre markets in Europe and declining conditions in North America.

“I have to say that I’m very pleased to tell you that we are really moving in the right direction,” President and Chief Executive Paolo Pompei told analysts on a conference call. “Our operating profit increased significantly. Obviously, this is very encouraging for the future journey that we have ahead.”

Pricing Strategy Delivers Results

The improvement was driven primarily by price increases implemented from late in the first quarter onward to offset rising raw material costs and to reposition products in Central Europe and North America, Pompei said.

In the passenger car tyre segment, which accounts for the bulk of Nokian’s business, net sales rose 13.2 percent to 234 million euros, whilst segment operating profit climbed to 38.9 million euros from 34.4 million euros. The segment’s operating margin rose to 16.6 percent, up from 16.4 percent a year earlier.

Interim Chief Financial Officer Jari Huuhtanen said price and mix effects contributed a positive 35 million euros to operating profit in the passenger car tyre segment in the quarter. However, this was partially offset by 25 million euros in supply chain costs, related mainly to non-recurring items from the previous year.

“Our average sales price with comparable currencies improved, and the sales of higher than 18-inch tyres increased significantly,” Huuhtanen said. “Segment operating profit improved due to price increases and a favourable product mix.”

Pompei acknowledged that volume declined 3.3 percent in the quarter but said this was “well justified by the comparability with the previous year, due to the action we made in order to release the slow-moving stock that we have accumulated due to the crisis in the Red Sea channel.”

Asked about the sustainability of price increases, given that larger competitors have recently lowered their price-mix assumptions, Pompei said: “We cannot keep increasing pricing. It was extremely important for us, again, to compensate for the increase in rising raw material costs and, at the same time, to gradually reposition in Central Europe and in North America.”

He added that the company was “not expecting the price increase to affect volume at this stage” beyond the comparison effects from last year’s inventory clearance.

Romanian Factory Hits Milestone

The company’s new factory in Oradea, Romania - described as the world’s first full-scale zero-CO2-emissions tyre factory - is progressing according to plan and is now operating four shifts to enable round-the-clock production.

Nokian said it would deliver approximately one million tyres from the Romanian plant this year, up from zero in 2024. The factory began customer deliveries in the second quarter.

“One million is the production, but the capacity already by the end of the year will be up to three million pieces and up to the end of next year, up to six million pieces,” Pompei explained. “We need to distinguish between production and capacity.”

He said the remaining capacity expansion would focus on mixing and semi-finished product lines rather than curing and building machinery, meaning capital expenditure requirements would be “really limited” for the next three years.

The Romanian facility has launched two new product lines for Central and Southern European markets, most recently the Powerproof 2, a premium ultra-high-performance summer tyre unveiled at an event in Spain attended by 160 guests from across the region.

Pompei said that in future, “more than 80 percent of what we sell in the European market will be supported by our Romanian factories for Central Europe as well as South Europe.”

North America Shines, Heavy Tyres Struggle

North America emerged as a standout performer, with sales surging 27 percent despite a declining market, driven by favourable tariff developments.

“We are finally doing extremely well in North America, and we are very pleased with the journey that we have done so far,” Pompei said.

Canada removed 25 percent counter-tariffs on U.S.-produced tyres on 1 August, whilst the United States reduced tariffs on EU tyre imports from 25 percent to 15 percent on 1 September. Nokian produces approximately 85 per cent of its U.S. volume at its Dayton, Tennessee, facility.

“Obviously, today we are in the ideal situation to deliver tyres from the US to Canada without duties,” Pompei said.

The company also disclosed a new partnership with American Tire Distributors (ATD), the largest national distributor in the United States. However, Pompei noted exposure was “relatively low” as the relationship was beginning.

However, the heavy tyres division struggled, with net sales falling 4.4 per cent to 55.4 million euros at constant exchange rates, as weakness in truck and agricultural tyre markets persisted. Segment operating profit dropped to 5 million euros from 7.5 million euros, impacted by lower volumes and inventory revaluation effects.

Asked when the agricultural market might recover, Pompei said: “I believe the agri business in particular is subject to cycles, and cycles can be long or short, but in general, obviously, we are now landing at the end of the second, I would say almost the second year of a downturn.”

He added: “I’m expecting the agri business at the level in particular to recover pretty soon in the next six to 12 months.”

Winter Season Outlook, Efficiency Drive

Looking ahead to the crucial winter tyre selling season, Pompei said the weather in September had been “a little bit too warm” but conditions were improving.

“Now it is getting colder, both in the Nordics as well as in North America,” he said. “We are expecting the winter tyre season to basically start, as I speak in this moment in November.”

The company’s flagship winter products continued to receive strong reviews, with the Hakkapeliitta 10 studded tyre and Hakkapeliitta R5 non-studded tyre taking top positions in multiple European tyre tests.

Nokian also announced it had begun personnel negotiations in Finland regarding efficiency improvements, which have resulted in eight permanent white-collar job cuts.

“This is part of our journey when we want to improve efficiency and productivity,” Pompei said. “This is necessary to support the company in this journey.”

The company’s Vianor retail chain reported improved performance, with net sales rising 7 per cent at constant exchange rates to 74.9 million euros, whilst the segment’s operating loss narrowed to 6.4 million euros from 6.6 million euros.

Nokian maintained its 2025 guidance unchanged, expecting net sales to grow and segment operating profit as a percentage of net sales to improve compared with the previous year.

The company said tyre demand in its markets is expected to remain at 2024 levels. However, it cautioned that “development of the global economy as well as geopolitical, trade and tariff uncertainties may cause volatility to the company’s business environment.”

For the first nine months, net sales grew 9.4 percent to 957.3 million euros, whilst segment operating profit rose to 40.2 million euros from 35.4 million euros. Segment EBITDA margin improved to 14.1 percent from 13.5 percent.

Asked about margin volatility in the passenger car segment, which has swung sharply on a quarterly basis over the past two years, Pompei said stability should improve.

“Of course, you will see more stability in the development of the margins moving forward, because now, finally, we can leverage our increased capacity, we can leverage an efficient manufacturing footprint,” he said.