Goodyear India Reports 57% Drop in Q3 Profit Amid Higher Cost
- February 17, 2025
Goodyear India Ltd. faced a steep 57% drop in net profit for Q3 FY24, with earnings falling to INR 948 million from INR 2,186 million a year ago. Despite a 6.4% rise in revenue to INR 63,172 million, escalating material costs and increased inventory pushe
Tirupati Tyres Plans Major Capital Expansion, Names New Management
- February 17, 2025
Tirupati Tyres Ltd., a Mumbai-based tyre manufacturer, announced plans to increase its authorized share capital from INR 3 billion to INR 9.9 billion. The expansion, subject to shareholder approval, will raise the number of authorized shares to 99 million
Hankook’s GEN3 Evo iON Race Tyre Shines At 2025 Jeddah E-Prix
- February 17, 2025
As the exclusive tyre supplier and official technical partner for the ABB FIA Formula E World Championship, the world-renowned tyre manufacturer Hankook Tire & Technology (Hankook Tire) celebrated the successful end of the 2025 Jeddah E-Prix.
Team MRF Tyres Enters The British Rally Championship
- February 17, 2025
MRF, India's No 1 tyre manufacturer, has announced that it would be an official tyre supplier for the 2025 season and will compete in the renowned and fiercely contested British Rally Championship (BRC) 2025. Drivers James Williams and Max Mcrae will be l
TVS Srichakra Posts Quarterly Loss on One-Time Charges; Revenue Drops
- February 15, 2025
TVS Srichakra Ltd., an Indian tyre manufacturer, reported a net loss of INR 30.8 million in Q3 due to lower sales and a one-time provident fund charge of INR 61 million. Revenue declined 4.8% to INR 7.47 billion, while operating profit before exceptional
JK Tyre President (India) Anuj Kathuria Resigns, Citing Personal Reasons
- February 15, 2025
Anuj Kathuria, President (India) of JK Tyre & Industries Ltd., has resigned from his position with immediate effect, as disclosed in a regulatory filing to the Bombay Stock Exchange (BSE) on February 14, 2025. The company cited "personal reasons" for his
