Total income for the January-March 2021 quarter increased by 50 percent YoY to a total of INR 574 crore due to the robust farm demand and the efforts made by the company to expand its distribution initiatives in the consumer replacement business.
Goodyear India recorded a 53 percent increase in PAT to INR1.36 billion for FY21 as against INR890 million in FY20, the highest in the company’s history. The company’s total income has also spiked by two percent to a total of INR18.14 billion y-o-y despite the COVID-19 impact.
Sandeep Mahajan, Chairman and Managing Director, GIL, said, “We benefitted from our ongoing enhancement of our consumer replacement distribution network, particularly in rural markets where we are creating synergies with our farm business. Our distribution initiatives are strengthening our position in the market and helping us build a sustainable business. Our results also reflect increasing momentum in the Farm Segment driven by a resurgence in rural demand and our excellent products and customer service. While we expect to continue advancing our strategic priorities in fiscal 2022, safeguarding our associates and helping our communities overcome Covid remain our top priorities.”
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JK Tyres Q4 revenue up by 63%
JK Tyre’s consolidated revenues for Q4FY21 rose 63 percent to INR 29.45 billion compared to INR 18.3 billion in Q4FY20. EBITDA surged 119 percent reaching INR 4.72 billion with margin expansion of 400 bps.
Raghupati Singhania, Chairman and Managing Director, JK Tyre, said, “The year began with India in lockdown due to Covid-19 pandemic and the economy grinding to a halt with Q1FY21 almost a washout. The economy started opening gradually from mid-May. As a result of several initiatives taken, JK Tyre recovered fast and achieved highest sales in Q3FY21 and Q4FY21 increasing its market presence.”
“With high-capacity utilisation, control on costs and reduced working capital, special focus on customer outreach and premium products offering, profitability improved significantly. Similarly, JK Tyre subsidiaries – Cavendish Industries and JK Tornel also added to a substantial overall improvement in the profitability of the company,” he added.
The company has shown multi-fold growth in PBT and PAT on a y-o-y basis as it stood at INR 2.81 billion and INR 1.95 billion,respectively, in Q4FY21.
Singhania further said, “JK Tyre is fully geared to face challenges emanating from rising raw material prices and prevailing lockdowns under the second wave of the novel virus.Despite these headwinds, the company expects to continue capturing opportunities that are arising in this new environment in India and abroad.”

Apollo Tyres reports profit increase
Apollo Tyres managed to report a growth in sales and net profit in FY21 despite several challenges. The company’s net profit for the quarter ended March 31, 2021 surged to INR 2.89 billion from INR 789 million in the same quarter of the previous fiscal. Net profit for FY21 rose to INR 9.85 billion from INR 4.76 billion in FY20.
Consolidated revenues in Q4FY21 surged 39 percent to INR 50.26 billion y-o-y on the ‘robust’ performance in all segments in the local market. In FY21, revenue grew by six percent to INR 174 billion from INR 163.5 billion in FY20.
Indian operations continued with robust performance in all segments of the market and reported an increase of 49 percent in its Q4 revenue (from operations) to close at INR 36.3 billion. Similarly, European Operations’ revenue, including Reifen, was up 20 percent in Q4 to close at INR 14.04 billion, whereas for the full year, it increased eight percent to close at INR 56.75 billion.
Onkar Kanwar, Chairman, Apollo Tyres Ltd, said, “What started as an extremely challenging year, with lockdowns across geographies, ended on a very healthy note for us with robust revenue growth across market segments and geographies. Ensuring business continuity along with the safety of our employees have been of paramount importance throughout this pandemic, and considering the current situation, especially in India, we cannot let our guard down. The year ahead is full of challenges, with demand getting impacted due to the lockdowns, and pressure on margin front, due to the rising raw material prices.” (TT)
Bridgestone Potenza Sport EVO Takes Top Honours In Two Independent Tyre Tests
- By TT News
- November 04, 2026
Bridgestone’s Potenza Sport EVO has earned two independent test accolades, strengthening the tyre maker’s standing in the ultra-high-performance segment. The double success spans a victory in What Car?’s summer tyre test and a Recommended award from evo.
In What Car?’s evaluation of 11 summer tyres, the Potenza Sport EVO ranked first. Fitted to a Volvo XC60, it drew praise for predictable handling and secure performance in wet and dry conditions, along with communicative steering suited to a premium performance tyre.
The What Car? results also underscored tyre choice’s safety implications. In wet braking, the Bridgestone stopped 7.3 metres shorter than the Goodride competitor. The publication concluded that the Potenza Sport EVO justified its higher price, highlighting the value of investing in quality tyres.
The evo test delivered further recognition. The Potenza Sport EVO finished second overall but secured the Recommended award and was arguably the standout performer across individual disciplines, taking five first-place finishes. It earned top subjective ratings for polished, effortless behaviour, excelled in wet grip, traction and stability and set the fastest handling-course time, becoming the only tyre to break 51 seconds.
Drew Chapman, Consumer Sales Director, Bridgestone UK, said, "To achieve such outstanding results in two highly respected independent tyre tests is a fantastic endorsement of the Potenza Sport EVO and the engineering that has gone into its development. Winning the What Car? test against 10 other competitors, while also securing evo's Recommended Award and five individual test victories, demonstrates the tyre's exceptional breadth of capability. These results reflect exactly what we set out to achieve with the Potenza Sport EVO; delivering outstanding performance, control and confidence in a wide range of driving conditions. It's hugely rewarding to see that recognised by independent experts."
G&S Tyres Acquisition Takes Citira Into London Metropolitan Area And South East Of England
- By TT News
- November 04, 2026
Citira, a Sweden-based company specialising in circular tyre management, has expanded its UK commercial service network by acquiring G & S Tyres Ltd, a move that also brings a modern retreading facility in the London metropolitan area into the group. The deal advances Citira's push towards a national UK footprint, building on its recent purchase of Redpath Tyres in Scotland and its entry into UK market earlier this year via Tyrefix Group.
G&S's local knowledge, solid reputation and retreading strengths align closely with Citira's circular tyre management model, which covers retreading, rim refurbishment and fleet logistics and is already well established across the Nordics and Poland. The East London site is strategically positioned and employs around 45 people.
A two-generation family firm with more than four decades of service to UK customers, G&S will keep trading under its own name with its existing team. Gary, James and Billy Short will stay involved in the business and take shareholdings in the Citira Group.
Oliver Johnson, Head of UK at Citira, said, “G&S Tyres has earned a strong reputation across the UK through its reliability, service quality and close relationships with the fleets and customers it supports. That reputation provides an excellent foundation for the next stage of growth. Following our acquisition of Redpath Tyres in Scotland, G&S is a further step in our ambition to build a national commercial tyre service network with the best people and businesses in the UK.”
Gary Short, speaking on behalf of the Short family, said, “We are very happy to join a group whose ambitions for the UK align so well with our own. Citira is a great home for G&S and gives us the right platform to support the next generation, spearheaded by James and Billy, as they continue to grow and improve the business.”
Hankook Tyre UK To Showcase Expanded CV Tyre Lineup At RTX Scotland 2026
- By TT News
- November 04, 2026
Hankook Tyre UK will exhibit on Stand B40 at RTX Scotland, which returns to Glasgow's SEC on 18–19 November 2026 after a successful 2025 debut. The two-day event brings the road transport industry together for innovation, expertise and networking, and Hankook will showcase its extensive portfolio of Hankook and Laufenn commercial vehicle tyres, designed to meet the evolving demands of today's transport operators.
Bigger than last year, the Glasgow show completes a three-market line-up alongside RTX's flagship Stoneleigh event and its Irish show, bringing the same truck-focused approach to audiences across the UK and Ireland. More than 80 exhibitors, from major truck manufacturers and trailer producers to tyre specialists and workshop suppliers, will take part, with over 7,000 visitors expected to explore developments, attend expert-led seminars, workshops and tech talks, and connect with key professionals.

At the heart of the stand, the SmartFlex range addresses regional and long-distance transport. The AL51 for steering and all-position duties and the DL51 for drive axles deliver up to 20 percent lower rolling resistance on long-haul routes than their predecessors, with consistent performance throughout service life, while the AH51 and DH51 offer dependable grip and braking for regional haulage. All can be regrooved and retreaded to maximise tyre life and cost efficiency. Hankook will also present the 315/80R22.5 Smart Work AM11+ for on- and off-road front-steer operations, the AM15+ all-position tyre, the TH31 all-season trailer tyre, the TH51 with Hidden Groove technology and the Vantra ST AS2 van tyre.

Laufenn, Hankook's associated brand, will display its growing commercial vehicle portfolio, including the Laufenn365 initiative, the LR01 and LR02 for on- and off-road applications, the LR53 drive tyre and the X Fit Van 4S. Drawing on Hankook's development expertise, Laufenn combines value, performance and full retreadability to help cost-conscious fleets manage operating costs and environmental impact. With solutions spanning heavy-duty regional haulage, long-distance transport, mixed-service operations and light commercial vehicles, Hankook's presence lets visitors explore products tailored to their needs and connect directly with the team.
James Misselbrook, UK Truck & Bus National Sales Manager, Hankook Tyre UK, said, “RTX Scotland provides an excellent opportunity to connect with fleets, operators and industry partners, and we're excited to be returning for a second year. The event comes at a significant time for Hankook, as we showcase some of the first 385/65R22.5 trailer tyres produced at our new European TBR manufacturing facility in Rácalmás, Hungary. This major investment underlines our long-term commitment to the European market and reinforces our ability to deliver innovative, high-performance tyre solutions that help fleets maximise efficiency and profitability."
Pirelli Winter Tyres Take Multiple Test Wins Across Europe
- By TT News
- November 03, 2026
Pirelli is all set for the winter season with its winter tyre range that is renewed over the past two years. The newly launched Scorpion Winter 3 joins the P Zero Winter 2 for high-performance cars and the Cinturato Winter 3 for saloons and crossovers. The range is available with Pirelli Elect technology for electric vehicles. Independent tests by European organisations have placed Pirelli winter tyres at the front in safety-related areas, while the Cinturato All Season SF3 has recorded four victories and six additional podium finishes.
Winter tyres or suitable equipment are required from 15 November to 15 April. Most winter driving occurs on dry and wet roads. Below 7°C, winter compounds offer more grip than summer compounds, and the tread pattern helps counter aquaplaning and generate traction on snow. Sidewall markings indicate capability: M+S identifies a product for challenging surfaces, while 3PMSF certifies testing in harsh conditions. An appropriate winter driving style includes increased safety distance, avoiding sudden acceleration and reducing brake use in favour of engine braking.
The Cinturato Winter 3 took first place in the 2026 ADAC winter tyre test in size 225/50 R17 against 16 models, earning a highly recommended rating with the best wet score and the highest assessment for driving safety. It won the AvD test in size 225/45 R17 against 15 tyres with a very good rating. It also finished first in the Auto Bild comparison in size 205/55 R16 on a Volkswagen Golf against 14 tyres with an exemplary rating. Podium finishes followed in tests by Auto Express, Auto Bild Allrad and Tyre Reviews, giving six podium finishes in seven tests, including three victories.
The Scorpion Winter 3 debuted with a victory in the alVolante comparison in size 235/60 R18 on an Alfa Romeo Stelvio, ranking first among six winter tyres. Its wet performance, shortest braking distance, fastest lap time and progressive reactions set it apart. It was judged consistent and predictable on snow and balanced on dry roads.
In the annual Auto Bild super comparative test, the P Zero Winter 2 finished on the podium with an exemplary rating, thanks to precise driving behaviour in wet and dry conditions and braking performance on both surfaces. The Cinturato Winter 3, Scorpion Winter 3 and P Zero Winter 2 are available with Pirelli Elect technology on dedicated fitments for Europe's electric vehicle fleet. Elect addresses low rolling resistance for range, acoustic comfort, longer tyre life, grip for immediate torque and a reinforced structure for battery weight.
All-season tyres suit drivers mainly in urban areas covering up to 20,000 km per year without frequent heavy snowfall. Higher mileage, regular mountain travel or high-performance cars generally call for winter tyres. The Cinturato All Season SF3 carries the 3PMSF marking and has four victories in comparisons by Auto Zeitung, Reifentester, Auto Express and Que Choisir, plus six additional podium finishes. The new Scorpion All Season SF3 extends the approach to SUVs.

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