The old mindset was that tyre consumers weren’t able to make their own purchase decisions, so the repair shop salesperson usually had the power to decide which products to offer, and the only issue would be what they sold, not if they sold. And the whole package or fitting and balancing the tyres sold was already money in the bank. Now, they are lucky if they get the latter, as an enormous amount of consumers have found that there is a lot of money to be saved by purchasing the tyres online and then shopping around for the cheapest place to have them fitted and balanced. People in the industry know that this often results in consumers buying the wrong products, as there are many factors apart from the size of the tyres that are equally important, and it can end up being a lot more expensive for consumers if they are not careful. But this still doesn’t defer the wide masses of consumers to take this route. Some companies have figured this out, and I have even seen an example of a really clever online platform, offering consumers the option to first find the best price for a given set of tyres and then choose the most convenient shop where they will be delivered directly and fitted after booking a time through the portal. That is a brilliant solution for consumers – but yes, the platform takes most of the profits from both the party selling the tyres and the shop selling the fitting service, no doubt about that.

Regardless, it shows that intelligent solutions making things easier and cheaper for consumers are those that create market shares. The ability to let the consumer choose between tyre offers from all over the country instead of just the local shop is already a great benefit, but to also be able to book a time and place to have them fitted without having to contact another party for that is truly brilliant. Furthermore, in these Covid times it’s perfect, as everything except dropping the car off for the service can be done in a flash in front of the screen at home. The next thing might be shops also offering home services using mobile tyre fitting stations, and the client would just need to unlock the car using the remote key from behind the window in case it needs to roll a bit. But it does sound a bit paranoid, doesn’t it? I mean, I hope we’ll get a bit back to real human interaction after Covid, and this last service step might just be a bit too much.

That being said, it would make sense to offer the service at the office parking lot to save the employee/consumer the time to drop off and pick up the car at the shop. Lately, we have seen windshield repair companies offering this exact type of service, even for whole windshield replacement jobs, and I hear it’s fabulous – as long as it’s not raining. These sort of intelligent, out-of-the-box solutions where companies move their products and services to where it’s convenient for the consumers are definitely creating great value, and growing in scale. The key trend which Covid has spawned here is moving the focus to value and benefits instead of unit pricing; after all, it’s easier to make profits from a transaction when having more than just the product itself in the basket, and it becomes harder for consumers to distinguish offers when only looking at the price.

In these days, where the costs of freight and transportation have skyrocketed as an after-effect of the first Covid-19 outbreak in China, and later strengthened by compound effects related to shipping disruptions, accordion-style capacity fluctuations, congestion and semi-conductor chip shortages, one can only thrive and prosper in the tyre business if one is successful in letting consumers see the value of a proposal, and not only the price. Intelligent algorithms, traffic analysis and consumer behaviour projections will be the most important factors going forward. (TT)

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The Yokohama Rubber Co., Ltd. has been selected as the official tyre supplier for the groundbreaking FIA Extreme H World Cup, the world's first hydrogen-powered motorsport series. The company will supply its GEOLANDAR brand of tyres for the championship, which is scheduled to commence next month in Saudi Arabia. The company will also continue to supply GEOLANDAR tyres for the Extreme E off-road electric vehicle series, which holds its final event on 4–5 October in Saudi Arabia.

Central to both the Extreme H and Extreme E series is a shared mission to advance sustainability and equality. The championships serve as dynamic platforms to promote environmental awareness and demonstrate cutting-edge technologies while also enforcing a strict mandate for gender parity by requiring each team to field one male and one female driver. The Extreme H series will feature eight international teams operating the Pioneer 25, a cutting-edge hydrogen fuel cell vehicle capable of generating 550 horsepower and accelerating from 0 to 100 kmph in 4.5 seconds. The global significance of this new championship is expected to draw a worldwide television audience across multiple continents.

As the predecessor to Extreme H, the Extreme E series utilised the high-performance all-electric Odyssey 21 vehicle. All teams competing in the new hydrogen series will also participate in this final Extreme E event, marking the conclusion of the electric championship as it transitions towards a hydrogen future.

In alignment with the environmental principles of these series, Yokohama Rubber will provide a specially developed prototype tyre based on its GEOLANDAR X-AT model. This tyre has been engineered with a significantly increased ratio of sustainable materials, comprising 38 percent renewable and recycled content. It has also been fortified with enhanced durability characteristics to withstand the unique demands of heavy hydrogen-powered and electric off-road racing vehicles.

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Hankook Tire is advancing its future mobility leadership through strategic open innovation and collaborative design projects. This effort was showcased at the company’s recent Design Innovation Day 2025, held at its Pangyo Technoplex headquarters. The event serves as a platform to present new solutions integrating sustainability, innovation and design while reinforcing partnerships with global technology leaders.

A major focus was the unveiling of two key outcomes from Hankook’s ongoing Design Innovation Project. The first was ‘Sustainable Concept Tyre’, an embodiment of the company’s ESG vision. Developed using advanced 3D printing technology, it is constructed from renewable and recycled materials. Its distinctive organic design was realised in collaboration with Harvestance using specialised engineering software.

The second reveal was the WheelBot 2, a multi-directional mobility platform developed with robotics startup CALMANTECH. This advanced robotic wheel system, equipped with tri-axial spherical tyres, demonstrates new possibilities for movement. Its potential was illustrated through a live demonstration of the PathCruizer, a two-seater pod concept powered by the WheelBot technology.

Beyond product reveals, the event highlighted Hankook’s commitment to knowledge sharing, featuring a presentation on 3D printing advancements from LG Electronics. These collaborations are central to Hankook’s strategy of strengthening its technology leadership. Since 2012, the company has partnered with world-renowned design universities and technology firms, consistently earning prestigious international design awards and solidifying the premium stature of its global brand.

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Indian tyre maker to pass full benefit of tax cuts to customers from 22 September

CEAT Limited said on Thursday it would reduce prices across its entire tyre range following the Indian government’s decision to cut goods and services tax (GST) rates on tyres, with the full benefit being passed on to customers.

The Mumbai-based tyre manufacturer said new prices would take effect from 22 September, covering commercial, agricultural, passenger vehicle and two-wheeler segments.

India’s 56th GST Council meeting approved significant reductions in tax rates for the tyre industry. GST on new pneumatic tyres was cut to 18% from 28%, whilst tractor tyres and tubes will attract a reduced rate of 5%.

“We thank the Government of India and the GST Council for their timely and progressive decision to rationalise tax rates in the tyre sector,” said Arnab Banerjee, Managing Director & CEO of CEAT Limited.

“The reduced GST slabs will greatly benefit the tyre industry and consumers alike. Not only will it lower the cost of owning and operating a vehicle for customers across various segments, but by making tyres more affordable to replace, it will also make our roads safer.”

Banerjee added the move would “spur formalisation and greater compliance, while also fostering sustainable growth in the sector.”

The GST rate cuts represent a significant policy shift for India’s automotive sector, where high taxation has been a longstanding concern for manufacturers and consumers.

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The Yokohama Rubber Co., Ltd. has been officially recognised as a DX Certified Business Operator by Japan's Ministry of Economy, Trade and Industry (METI). The designation, which was granted on 1 September 2025, identifies companies that are thoroughly prepared for digital transformation as outlined by the Digital Governance Code.

This certification acknowledges Yokohama Rubber's comprehensive strategy for digital transformation, which is built on three core objectives: advancing business strategy, contributing to sustainability and reinforcing its IT infrastructure. Central to this effort is the company's proprietary AI framework, HAICoLab (Humans and AI ColLaborate), which drives group-wide digital initiatives. These include improving productivity, innovating processes, developing digital talent and building a global cloud-based IT system. The certification confirms that the company's efforts not only meet METI's stringent criteria but also demonstrate appropriate disclosure of information to its stakeholders.

Moving forward, the company said it will continue to leverage data from its entire value chain to adapt to a dynamic business environment. The company aims to enhance customer value, pursue sustainable innovation and transform its corporate culture to strengthen its competitive position and ensure long-term growth.

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