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Investigation reveals coordinated theft by contractors and employees through bulk pilferage and excess loading schemes

Goodyear India Limited disclosed that a comprehensive investigation by Ernst & Young uncovered a sophisticated theft operation at its Ballabgarh manufacturing plant, resulting in the loss of 4,571 tyres valued at approximately INR 39.11 million.

The tyre manufacturer’s board reviewed the investigative findings during a meeting that concluded last week, revealing what the company described as “potential theft of tyres in bulk by contractual workers involved in security, warehousing and loading operations, acting in collusion.”

Dual Theft Operations Exposed

The Ernst & Young investigation, spanning October 2023 to November 2024, identified two primary theft methods that enabled the systematic pilferage of farm tyres from the Faridabad-based facility.

Bulk Theft Scheme: The more significant operation involved truckloads of tyres being removed from the plant through coordination between third-party loading supervisors, warehouse workers, security guards, and external accomplices. Electronic communications reviewed by investigators revealed references to 4,057 tyres across 20 dates between July and December 2024, with detailed SKU counts discussed among the conspirators.

Security records were deliberately manipulated to conceal the theft, with one security contractor admitting to accepting kickbacks from a loading supervisor to avoid recording truck details carrying stolen merchandise.

Excess Loading Operation: A secondary scheme involved loading additional tyres beyond invoiced quantities onto legitimate shipments, with the excess stolen during transit. The investigation revealed a significant increase in overweight dispatches during the July-November 2024 period, with 50 per cent of overweight trucks dispatched during this timeframe, compared to historical patterns.

Quality assurance protocols were compromised, with one employee admitting to receiving instructions from a third-party warehouse vendor to disregard overweight trucks and dispatch them without conducting mandatory quality studies. The employee estimated that 5-6 excess tyres were loaded per truck in select shipments to Goodyear warehouses.

Quality Control Manipulation

The investigation also uncovered systematic inflation of tyre rejection quantities during pre-dispatch inspections. A quality assurance employee acknowledged receiving kickbacks to artificially inflate rejected tyre counts in daily reports, despite no physical rejections having occurred, allegedly to help manage inventory shortfalls maintained by the third-party warehouse vendor.

Data analysis revealed an increase in rejection rates in 2024 compared to 2023, with the manipulation involving collusion between employees and third-party quality inspectors.

Operational Control Gaps

Beyond the theft schemes, Ernst & Young identified significant weaknesses in Goodyear’s inventory management and production processes. The manual production handover system lacked proper verification, with multiple employees admitting that the defined processes weren’t followed.

Production records maintained manually revealed discrepancies, with multiple spreadsheets containing different production numbers for the same periods. The investigation found that production during shutdown periods wasn’t recorded in the Production Management Information System, creating variances that couldn’t be validated due to unreliable manual records.

Financial Impact and Response

The financial impact of the inventory shortage identified in November 2024 was already recognised in Goodyear India’s financial statements for the quarter ended 31 December 2024. “The management has taken cognisance of the findings and initiated appropriate legal and disciplinary actions against those involved,” the company stated in its regulatory filing. “Proactive measures, including a site security assessment and tightened controls, have been implemented.”

Investigation Methodology

Ernst & Young’s fact-finding review employed comprehensive investigative techniques, including data analytics, transaction testing, background checks on suspected third parties, forensic imaging of electronic devices, and interviews with employees and contractual workers.

The investigation covered electronically stored information from the laptops and server backups of suspected individuals, utilising keyword-based searches to identify suspicious communications that proved crucial in establishing the theft patterns.

Regulatory Compliance

The disclosure fulfils Goodyear India’s obligations under Regulation 30 of the Securities and Exchange Board of India’s Listing Obligations and Disclosure Requirements Regulations, 2015. The company initially informed stock exchanges of the inventory variance on 12 February 2025.

“The Company remains committed to upholding the highest standards of corporate governance and safeguarding stakeholder interests,” Goodyear India stated in its filing.

Hankook Tire has unveiled a new generation of winter tyres for trucks, introducing the Smart Control AW53 for steering axles and the Smart Control DW53 for drive axles. Designed for harsh winter conditions, these models will eventually replace the previous Smart Control AW02 and DW07 winter tyres. They combine high traction on snow and ice with strong cornering and braking performance, along with high mileage. The pair debuts at IAA Transportation 2026 in Hannover, where the company exhibits from 15 to 20 September at stand E09 in hall 11.

Development prioritised strong winter performance across the tyres' full lifespan. Hankook achieves improved winter traction through advanced technology and a blend of tread features. Zigzag grooves and 3D sipes add grip on snow and ice, while tie bars stiffen tread blocks, supporting precise handling and stable driving.

Internal testing at the UTAC Test Centre in Ivalo, Finland, showed the AW53 and DW53 outperforming the earlier AW02 and DW07 models. Braking on snow improved by 2.8 percent, acceleration by 4 percent and handling by 3.7 percent. Central to the design is Hidden Groove technology, in which extra tread grooves emerge as wear progresses, maintaining snow traction and wet grip even when well worn. At 40 percent wear, additional 3D sipes appear, increasing tread block stiffness and improving grip while lowering rolling resistance. At 70 percent wear, further concealed grooves enhance wet grip. Alongside self-regenerating sipes, this sustains winter performance across the service life and extends it by as much as 15 percent.

Stone ejectors in the main grooves and Y-shaped lateral grooves reduce stone retention and shield the tread and carcass from damage. A newly developed compound further contributes to balanced grip. At launch, the AW53 comes in size 385/65 R22.5 164K (158L), rated for 5,000 kg per tyre. The DW53 is offered in size 315/80 R22.5 (156/150L), with a maximum load of 4,000 kg per tyre for single fitments or 3,350 kg for twin fitments. More sizes are planned. All new Smart Control winter tyres carry the 3PMSF label and both can be regrooved and retreaded to extend their working life further.

Dunlop Motorcycle Europe is set to back teams and riders contending for championship honours at the 2026 FIM Endurance World Championship (EWC) finale, the 89th Bol d’Or, held at Circuit Paul Ricard.

The tyre manufacturer will assist 43 teams in total, serving as exclusive tyre supplier to all 24 Superstock and 13 Production Trophy entrants. Five manufacturers will contest the Production Trophy’s second title, while six privateer squads in the open-tyre Formula EWC class have opted for Dunlop, among them the No. 6 ERC Endurance Team, which recorded a 1:52.173 best lap in Bol d’Or testing.

The season-closing 24-hour race poses a demanding mix of technical corners and fast stretches, notably the 1.8-kilometre Mistral Straight, alongside day-to-night running and traditionally changeable weather that may test both dry and wet KR allocations.

Dunlop will provide its established KR108 and KR109 slicks, plus a latest-generation medium front specification, developed as G2_01 VAL3 and validated with EWC teams in 2025 for improved durability and performance. The range targets single-lap speed and multi-stint longevity, with intermediate and wet tyres available for all conditions.

David Auerbacher, International Motorcycle Race Event Leader, Dunlop Motorcycle Europe, said, “We’re excited to return to Circuit Paul Ricard for the season finale, where both the Superstock and Production Trophy champions will be crowned. It’s been another strong season for Dunlop across all categories, as we celebrate five years as the exclusive tyre supplier to the Superstock Trophy and two years supporting the Production Trophy. Both categories have continued to grow and develop, while leading privateer teams also continue to choose Dunlop as they fight for wins and podiums in the Formula EWC class. We’re looking forward to an exciting season finale and are proud to support all the teams and riders as they battle for championship success at the biggest race of the EWC calendar.”

The Tyre Recovery Association convened its Briefing Day 2026 at Coombe Abbey Hotel in Warwickshire, drawing more than 100 senior figures from the UK tyre recovery, retreading, retail and manufacturing sectors alongside national regulators, parliamentarians and trade bodies. The event served as a platform to press for meaningful reforms covering tyre recovery, green procurement and domestic circular resilience.

Tessa Munt, the MP for Wells and Mendip Hills, delivered a keynote address that attacked the enduring disconnect between government policy rhetoric and industrial reality. Drawing on her parliamentary work regarding end-of-life tyre exports to India and her engagement with Somerset businesses, she condemned official inaction and set out four priority areas for reform, criticising a reliance on superficial slogans while domestic capacity lies stranded.

The MP highlighted what she described as a double standard, noting that the Environment Agency imposes strict Digital Waste Tracking on compliant domestic operators while granting misplaced goodwill and deadline extensions to non-compliant overseas exporters. Before the rules were diluted, proof-of-arrival compliance stood at just 20 percent. She further noted that more than 150,000 tonnes of licensed UK recycling and remanufacturing capacity remains entirely idle while raw waste is shipped abroad.

Her proposed reforms comprised the immediate statutory withdrawal of T8 exemptions to establish an audited permit regime, adoption of the Australian shred-only export model to end whole and baled tyre exports, instant revocation of export licences for brokers failing to supply timestamped and geotagged proof of delivery and mandatory green public procurement quotas for remanufactured tyres and rubberised asphalt. The RAC Foundation's Steve Gooding also addressed the conference, explaining that a modest 10 percent rubberised asphalt target in public highway contracts would absorb all idle UK crumb capacity, reduce road noise by three to five decibels and produce longer-lasting roads. Strong participation from the Tyre Recovery Association (TRA), the National Tyre Distributors Association (NTDA), the British Tyre Manufacturers' Association (BTMA) and the Imported Tyre Manufacturers Association (ITMA) underscored growing cross-sector unity.

Peter Taylor OBE, Secretary General, TRA, said, "The TRA Briefing Day proves that the British tyre recovery sector is united, highly innovative and ready to grow. Having around 100 key players and all four leading trade associations in one room shows that our industry is speaking with one voice. If the UK’s tyre recovery sector does not grow, it will soon disappear from these shores. We are gradually making progress in getting government to understand this, but there is a long way to go. We have the domestic processing infrastructure, the technical capability and the private capital ready to build a world-class circular economy. What we lack is a regulator and a government willing to back domestic industry by ending illegal whole tyre exports and enforcing green procurement. Tessa Munt MP highlighted this in her powerful speech. We are very grateful to her, Steve Gooding and all those who spoke yesterday, as well as our sponsors Vaculug, Murfitts and KwickFit. These contributions made the event an overwhelming success. The message from industry is clear: the time for policy talk is over, we need to statutory reform."

TyreSafe, UK’s leading tyre safety charity, has entered a new partnership with West Yorkshire Police, reinforcing a joint commitment to road safety and reducing fatalities and serious injuries across the county. The collaboration arrives amid concerning road safety figures, with 51 deaths and 1,210 serious injuries recorded on West Yorkshire’s roads in 2025.

The two organisations will work together to highlight the essential role tyres play in road user safety. Drivers will be encouraged to perform routine checks on tyre pressure, tread depth and overall condition. The initiative also supports West Yorkshire Vision Zero, which aims to eliminate deaths and serious injuries from the county’s roads.

West Yorkshire Police becomes part of a growing network of over 260 organisations partnering with TyreSafe to promote safer motoring and enhance public understanding of tyre safety. A rising number of police forces now recognise tyre safety as a vital component of their broader road safety efforts.

As the sole point of contact between a vehicle and the road, properly maintained tyres are critical for braking, steering and grip, especially in difficult conditions. TyreSafe advises road users to check their tyres monthly and before long journeys, helping identify pressure, tread and condition issues before they become safety risks. This partnership marks another significant step in TyreSafe’s mission to reduce tyre-related incidents and improve road safety across Britain.

Stuart Lovatt, Chairman, TyreSafe, said, “We are delighted to welcome West Yorkshire Police as a TyreSafe partner. The fact that 51 people lost their lives and more than 1,200 suffered serious injuries on West Yorkshire’s roads in 2025 is a stark reminder that there is still so much work to do. Road safety requires a collective effort, and partnerships such as this are incredibly important. By combining the reach and expertise of West Yorkshire Police with TyreSafe’s specialist knowledge and campaigns, we can help ensure more road users understand the simple but crucial role their tyres play in keeping themselves and others safe.”

Inspector Claire Gray, Roads Policing Support and Proactive Intercept Team Inspector for West Yorkshire Police, said, “Every death and serious injury on our roads has a devastating impact on families, friends and communities. We are committed to working with partners to make West Yorkshire’s roads safer and to support the Vision Zero ambition. Vehicle safety is an important part of that work, and tyres are fundamental to a vehicle’s ability to stop, steer and maintain grip. We are pleased to be working with TyreSafe to help raise awareness and encourage road users to take responsibility for checking and maintaining their tyres.”