It all started in early 2019 for TVS Srichakra to expand and concrete its position on the international turf. The tyre company opened its research and development facility in Milan, Italy in early 2019, and then in August, TVS Tyre rebranded to TVS Eurogrip with the introduction of 19 premium tyres. Since then, the company has been aggressive in enhancing its R&D and testing capabilities and market presence globally. According to V Sivaramakrishnan, CTO, TVS Srichakra, the new brand and new product launches such as zero-degree steel-belted radials, new product lines in tubeless bias have appealed to the trade and its customers alike with increasing traction in the market.

However, TVS Srichakra’s new product launch plans did get impacted due to Covid. As the industry started seeing a revival in demand, in March 2021, TVS Eurogrip launched 11 new products which cater to a wide range, from commute to high-performance bikes as well as electric three-wheelers. This year, the Indian two-wheeler major plans to introduce more products designed and developed in the company’s R&D centre in Milan, Italy for the Indian market. More than two dozen products are in the pipeline for future catering to ‘untapped opportunities’. The company will also start its business in APAC and MEA. “Our Milan R&D centre plays a vital role in defining product target performances, product concept design, technical features and organisation of testing sessions that are held on European roads and racetracks. The Milan team and our R&D centre in Madurai work closely in defining the product specifications and technical aspects while creating new products,” said Sivaramakrishnan.

“Establishing our direct presence in developed and growing markets is an important step for us towards building Eurogrip as a strong global brand. It goes hand in hand with the research studies we’ve been conducting on new technologies, which will benefit all markets, including India. With our expertise as a manufacturer of two-wheeler tyres for over three decades, we are confident of making a mark in developed markets, and we look forward to the future growth potential,” added Sivaramakrishnan.

Its recent offering – e-Conta and e-Durapro – for e-rickshaws, according to the company, has garnered a positive response. TVS is planning to introduce a set of new tyre patterns and sizes specially designed to cater to electric two-wheelers in the coming months.

“The company focuses on its research and development efforts in continuously improving the bike and scooter performance for India and global markets. We have developed a range of high-performance radial tyres suitable for the Indian market. TVS Srichakra  is the only company in India to have the entire range of radial technology such as textile cross belted, zero degree textile and zero degree steel,” said Sivaramakrishnan. 

TVS Eurogrip is also developing a range of high performance zero degree steel- belted radial tyres  for Europe and other markets.

Bounce Back With Changes In Trends

Covid has changed the dynamics of the two-wheeler industry. After a setback last year, the motorcycle industry is bouncing back, and a complete recovery is expected in the next three years.

In the luxury travel markets, the company sees an average gradual decrease of displacement and an increase of scooter and street models. In contrast, in the utility markets, there is a gradual increase in displacement and increased models variety and segmentation.

According to the company, the utility vehicle-driven market is growing in the fast-growing economies. It is predominant by personal two-wheelers, consisting mainly of scooters, mopeds and motorcycles with low average displacement and higher average mileage for commuting purposes, whereas in luxury vehicle markets, personal two-wheelers are used for commuting and leisure purposes and as a status symbol.

“Compared to the Indian bike market, bikes in the leisure market such as the US are used mainly for free time purposes by riders with a much higher and ever-increasing average age. As a result, the leisure markets have seen reduced usage and a lower propensity to buy a replacement bike. To tackle this, bike makers are focusing on less represented groups – young people and female riders. An increasing number of manufacturers have recently released various models in 200 to 450 cc range and electric mobility. Compared to the traditional 600 to 1200 cc  markets , these midsize motorcycles are lighter, less expensive, easier to ride and on par with their bigger brothers in terms of quality, style and tech equipment. While more and more manufacturers develop and release these models for leisure markets, we expect that their availability will also reach India and other Asian markets,” said a TVS Eurogrip official.

Push For Electric Mobility

Though slower compared to the e-passenger car industry, the electric two-wheeler industry is gaining traction worldwide. Banning ICE-driven two-wheelers in coming decades, stricter regulations on pollution and improving technologies like longer battery duration and charging infrastructure will further fuel demand for electric mobility in two-wheelers.

“To get behind this moment, an increasing number of motorcycles and scooters are being launched to satisfy customers’ expectations. Alongside, traditional manufacturers are enlarging the capability to include electric vehicles. Many new players are emerging with an exclusive focus on the segment,” added the official.

Eurogrip Product Development for Global Market

To boost its international growth, TVS Srichakra is launching several new products aimed to fit vehicles and riders worldwide. In 2021, the company has launched Bee Connect and Bee City. In 2022, the company will launch the Climber XC for the off-road segment, which will target Motocross and Enduro vehicles. The company will also launch the Road Hound. These tyres will be for the sport-touring segment, which will target naked, sports and tourers. It will also launch the BEE Sports for the sport commuting segment to cover scooters and underbones. Going forward, it will target super sports, medium & big trail and cruiser & heavy tourers.

Testing Capabilities

Today, the company has test tracks in Madurai for testing handling performance and grip in wet and dry conditions on various surfaces such as asphalt, concrete etc. with different friction coefficients. It has its own indoor durability laboratory for tyres, which is capable of testing tyres up to speeds of 300 kmph, and indoor tyre characteristics laboratory, which is capable of accurately measuring tyre rolling resistance, 3-axis stiffness, tyre force and moment characteristics, footprint pressure distribution etc.

“Finite Element Methods (FEM) and Multi-Body Dynamics (MBD) are two focus areas for us, where we use internally developed methods to predict the performance of the tyre on a standalone basis using FEM and simulate driveability performance using MBD. With such simulation tools, we can get the right tread pattern, tyre construction and compound combination to deliver precision performance,” said the company CTO.

The company’s research and development activities are focused on reducing the impact on the environment and maximising performance for end customers. “We continuously explore and adopt technologies which enable us to use recycled material, biodegradable material and reduce energy consumption in tyre production. We have many patents filed in this area,” added Sivaramakrishnan. (TT)

Eurogrip Tyres, the leading tyre manufacturer in India, showcased its premium two-wheeler tyres at the 17th edition of Feria 2 Ruedas (F2R) International Motorcycle exhibition held at Plaza Mayor, Medellin, Colombia. The dates of this high-profile business event in South America's two-wheeler sector are 15–18 May 2025.

For more than 17 years, the Feria de las 2 Ruedas (F2R) has been the leading motorcycle industry event in Latin America. The expo, which takes place every year in Medellín, Colombia, is a vibrant venue for commerce, innovation and growth in the motorcycling sector. Additionally, it gives aficionados the chance to investigate the most recent developments and trends in the industry. The company showcased its premium lineup at exhibit N24 in the Tented Pavillion, which included a range of sport touring, off-road and trail tyres. High-performance versions including the Roadhound, Protorq Extreme, Trailhound STR, Climber, Bee Connect, Terrabite DB+ and Badhshah LX were on display.

P Madhavan, Executive Vice-President – Marketing & Sales, TVS Srichakra Ltd, said, “Eurogrip is focused to deliver innovative products for the global markets. Latin America is a priority market for us, and F2R Expo is a promising platform to engage with our target audience. We are looking forward to interesting business opportunities arising from this expo. Such specialised industry tradeshows add exceptional value to our quest in becoming a leading global tyre brand delivering world class tyre technology.”

Denka Company Limited announced it would record an extraordinary loss of approximately 16.1 billion yen (£85.8 million) as an impairment on manufacturing facilities at its US subsidiary. It will indefinitely suspend chloroprene rubber production at the Louisiana plant.

The Japanese chemical manufacturer, which holds a 70 percent stake in Denka Performance Elastomer LLC (DPE), cited mounting operational challenges, including unexpectedly high costs for pollution control equipment and declining production volumes at the American facility.

“DPE has faced significant cost, production and other challenges at its facility in the United States,” the company said in a statement. “Rising costs are attributable to, among other factors, identification, design, purchase, installation, and operation of pollution control equipment to reduce chloroprene emissions that DPE did not anticipate being required when it acquired the facility from E.I. DuPont de Nemours and Company.”

The subsidiary was established in December 2014 and acquired the chloroprene rubber business from DuPont in November 2015. The Louisiana facility was intended to serve as a second manufacturing site in North America, complementing Denka’s Omi Plant in Itoigawa, Niigata, Japan.

However, according to the company statement, DPE has struggled with multiple operational issues, including “rising energy costs and a shortage of qualified staff necessary to operate new pollution control equipment and implement other emission reduction measures. “

Production volumes have declined partly due to “operational restrictions arising from the pollution reduction measures and unscheduled plant outages associated with supply chain disruptions and severe weather events,” Denka said.

The company noted that these challenges, combined with changes in the global economic environment for chloroprene rubber, have pressured profitability, making near-term improvement difficult.

Denka confirmed that DPE employs 250 people as of December 2024 and will not restart its chloroprene rubber manufacturing facilities following a regular maintenance shutdown. Instead, “all options for the business, including a potential sale of the business or its assets, will be considered,” the statement said.

The company emphasised that “no decision regarding a permanent closure of the facility has been made at this time.”

Customers will continue to be supplied from current inventories and production at the company’s Omi Plant in Japan.

DPE is 70 percent owned by Denka USA LLC, a wholly owned subsidiary of Denka Company Limited, and 30 percent by Diana Elastomers, Inc., a subsidiary of Mitsui & Co., Ltd.

Yokohama Rubber reported a 56.9 percent year-on-year decline in profit attributable to owners for the first quarter of 2025, despite posting a 9.0 percent increase in sales revenue.

The Japanese tyre maker recorded a profit of 8.53 billion yen for the three months ended 31 March, down from 19.8 billion yen in the same period last year. Business profit fell 3.2 percent to 24.07 billion yen, while sales revenue rose to 275.12 billion yen.

The company maintained its full-year forecast, projecting an 11.4 percent increase in sales revenue to 1.22 trillion yen and an 8.8 percent rise in profit to 81.5 billion yen for the fiscal year ending 31 December 2025.

Yokohama Rubber attributed the profit decline to one-time costs related to its February acquisition of Goodyear’s off-the-road (OTR) tyre business, which it purchased for approximately 143 billion yen.

“Profit from existing businesses was strong,” the company said in its earnings statement. “In addition to increased sales volume for the company’s consumer tyres, mainly in overseas markets, and continued expansion of sales of high-value-added ADVAN, GEOLANDAR, and Winter tyres as well as high-inch tyres, profit was boosted by the MB segment’s MIX improvements and structural reforms.”

The tyre segment, which accounts for 91percent of the group’s consolidated sales revenue, saw a 10.4 percent increase in sales to 250.32 billion yen. Original equipment tyre sales were higher year-on-year, driven by “strong sales in Japan of vehicle models equipped with YOKOHAMA tyres and expansion of shipments for Chinese automakers’ new energy vehicles,” the company said.

Replacement tyre sales also increased, supported by higher sales of summer and winter tyres in Japan, increased sales of high-inch tyres in Europe, and stepped-up sales efforts in Asia.

The MB (Multiple Businesses) segment, which represents 8.4 percent of total sales, experienced a 3.2 percent revenue decline to 23.02 billion yen. This was attributed to lower demand from construction machinery makers in Japan and automakers in North America.

The company described an “upbeat” business sentiment in Japan for the quarter, noting that “a steady recovery in inbound demand and increasing orders for construction and logistics projects compensated for weak consumption by domestic households curbing spending in response to rising prices of consumer goods.”

Overseas, the company observed rising inflation concerns weighing on consumer spending in the United States, while in Europe, “manufacturing industries are rebounding and corporate business sentiment is improving.” In China, personal consumption was boosted by the Spring Festival holiday, but high US tariffs “reduced China’s exports and created uncertainty about the future that is weakening industrial activity.”

Swedish speciality chemicals firm Nynas reported solid financial results for 2024, posting an Adjusted EBITDA of 1,333 million Swedish kronor, marginally higher than the 1,316 million kronor recorded in 2023.

The company, which specialises in naphthenic speciality oils and bitumen products, attributed its performance to operational efficiency and commercial success in its niche markets.

“We are delighted with the progress made during 2024, evidencing our right-sized cost base and a more targeted commercial and manufacturing footprint. We have redefined our strategic direction, positioning Nynas as a speciality chemicals company, enabling the energy transition and setting our course for 2035,” Nynas CEO Eric Gosse said in a statement.

The firm highlighted strong cash generation from operations, which it said would support planned investments and longer-term growth initiatives. Nynas also mentioned the ongoing transformation of its Harburg site with plans to monetise the asset eventually.

All three of the company’s production facilities maintained high operational reliability between 95 percent and 99 percent. The Nynäshamn refinery achieved a notable milestone: in May 2024, it set a new monthly production record for naphthenic speciality oils at 42,000 tonnes.

Strategic pivot towards sustainability

Nynas outlined a strategic shift focused on higher-margin speciality materials with sustainable characteristics. The company aims to strengthen its position in European markets through innovation and sustainability initiatives.

“Nynas is uniquely positioned to contribute to the energy transition. Our strategy reflects our purpose to advance a more sustainable society, and our product development pipeline is fully aligned with this goal," Gosse added.

In 2024, the company received an EcoVadis Gold rating, placing it in the top 5 percent of globally rated businesses for sustainability performance.

With consecutive years of strong financial performance, Nynas indicated it continues to monitor debt capital markets to optimise its capital structure “at the appropriate time potentially”.

The Swedish chemicals producer noted that, having ceased operations in the United States in 2022, it remains largely insulated from recent global trade tensions surrounding US import tariffs. The company imports only minimal feedstock from America, shielding it from potential cross-border trade disputes.