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GRP Reports 20% Revenue Growth, Plans Major Expansion into Tyre Recycling
February 07, 2025
Indian rubber recycling company GRP Limited reported 20% YoY revenue growth for Q3 and the first nine months of FY25, despite margin pressures from rising raw material costs. The company achieved INR 1,327 million revenue in Q3 with 9.8% EBITDA margins an
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MRF's Profit Drops 38% Despite Revenue Growth on Rising Input Costs
February 07, 2025
MRF, India’s leading tyre manufacturer, posted a 38% decline in Q3 profit to INR 3.15 billion, despite a 13.76% rise in revenue to INR 70.99 billion. Higher raw material costs, including natural rubber and crude-based inputs, along with currency fluctua
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TyreSafe Collaborates With RED Driver Training To Promote Road Safety Among New Drivers
February 07, 2025
TyreSafe has entered into a partnership with RED Driver Training, one of the UK’s leading driving schools, officially making it as its first dedicated driving school supporter.
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Apollo Tyres Net Profit Drops as Raw Material Costs Weigh on Margins
February 06, 2025
Apollo Tyres Ltd. reported a 5% year-over-year increase in Q3 FY25 revenue, reaching ₹69.28 billion, but net profit fell 32% to ₹3.37 billion due to rising raw material costs. For the nine-month period, revenue grew 3% to ₹197 billion, while net pro
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Eurogrip Showcases Flagship Two-Wheeler Tyre Range At AIMExpo 2025
February 06, 2025
Eurogrip Tyres, India’s leading two- and three-wheeler tyre brand, is displaying its flagship two-wheeler tyre range at the ongoing American International Motorcycle Expo (AIMExpo) 2025, North America’s largest motorcycle and powersports tradeshow. Th
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Nokian Tyres Reports 12.8% Sales Growth, New CEO Takes Helm
February 06, 2025
Nokian Tyres reported a 12.8% rise in Q4 sales to $447.3M, though operating profit dropped to $16.6M due to disruptions. For 2024, net sales grew 9.9% to $1.39B, while annual profit fell sharply to $1.94M. New CEO Paolo Pompei emphasized growth via capaci
