GRP, an Indian rubber recycling company, reported a 20 percent year-over-year revenue growth for both Q3 and the first nine months of FY25, despite facing margin pressures from elevated raw material costs.

The company recorded total income of INR 1,327 million in Q3 FY25, with EBITDA margins holding steady at 9.8 percent. For the nine-month period, revenue reached INR 3,912 million, while EBITDA stood at INR 363 million.

"We achieved a 12 percent increase in volumes on a standalone basis, with Reclaim Rubber volumes growing nine percent despite subdued global tyre demand," said Harsh Gandhi, Managing Director of GRP Limited.

The company recognized INR 121 million in Extended Producer Responsibility (EPR) credits year-to-date, with an additional INR 180 million worth of credits valued at minimum support price still available for sale.

Expansion Plans

GRP is moving forward with its INR 2.5 billion expansion plan, having secured financing from French development finance institution Proparco. The company has also received shareholder approval to raise an additional INR 1.5 billion through a qualified institutional placement.

"We remain on track to commence operations for the first line of crumb rubber and continuous pyrolysis line by Q4 of this financial year," Gandhi stated, noting that INR 330 million has already been invested in the project.

Industry Developments

The expansion comes as major carbon black producers like Birla Carbon, Epsilon Carbon, and Phillips Carbon Black launch recovered carbon black products using tyre pyrolysis oil (TPO).

"With carbon black producers now actively sourcing TPO to produce their own grades of recovered carbon black, it allows us a new avenue for sale, which was maybe 6 to 8 months ago, was non-existent," Gandhi explained.

Future Outlook

The company expects margins to stabilize following recent raw material cost pressures, particularly in its synthetic rubber reclaim business. GRP's subsidiary focused on recycled polyolefins is gaining approvals from major brands ahead of new recycling regulations taking effect from April 2025.

"Once we do get into this business, there are a lot of synergies between the two businesses, and that will allow for the overall margin profile of the business to move towards mid-teens and even a little higher towards the high-teen EBITDA numbers for a consolidated level," Gandhi added.

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Dunlop Motorcycle Europe and Avon Tyres are set to showcase their combined expertise in cruiser, touring and custom motorcycle tyres at the upcoming European Bike Week, one of the continent’s largest gatherings for riders. The event unfolds along the shores of Austria’s Faaker See and routinely draws tens of thousands of enthusiasts with its mix of live entertainment, custom bike displays, demo rides and a broad spectrum of industry exhibitors.

Reinforcing its deep-rooted ties with Harley-Davidson, Dunlop will again sponsor the event’s signature Harley-Davidson Parade. Both tyre manufacturers will occupy separate exhibition spaces, continuing a joint presence at major trade fairs that began after Avon became part of the Goodyear family in 2022. Their stands will feature Dunlop’s co-branded Harley-Davidson tyres and Avon’s expanded Cobra Chrome line for custom cruisers, while Dunlop additionally offers a hospitality bus and the returning Ape Hanger Challenge, where daily winners earn a free set of co-branded tyres.

Earlier this year, Dunlop was named exclusive tyre supplier for the Harley-Davidson Bagger World Cup, providing racing tyres for the MotoGP-supporting series. Attendees may combine the festival with the 2026 Bagger World Cup finale, scheduled for 19–20 September at the Red Bull Ring in Spielberg.

The 2026 European Bike Week runs from 8–13 September at Faaker See. The Dunlop-sponsored Harley-Davidson Parade is set for 12 September, departing at noon from Rosental Street near the Pogöriacher roundabout and Harley-Davidson sculpture.

Roberto Finetti, Marketing Manager Motorcycle Europe, Goodyear, said, “Dunlop and Avon have a proud heritage in the cruiser and touring motorcycle segment, and European Bike Week is a fantastic opportunity to meet thousands of passionate riders from across Europe. We look forward to welcoming visitors to our stands, where they can discover our biggest ever range of Dunlop and Avon tyres for cruiser, custom and touring bikes, as well as take part in some fun challenges.”

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Kumho Tire USA has introduced the all-new Crugen GT Pro, a premium all-season touring tyre engineered for larger crossovers and SUVs. The latest addition delivers superior ride comfort and confident year-round capability while featuring one of the most robust treadwear warranties in its class. The launch responds to shifting consumer preferences towards larger vehicle platforms.

To commemorate the release, Kumho is offering a promotional incentive through October 31. Customers purchasing a set of four qualifying tyres will receive a USD 80 prepaid Mastercard, applicable to the new Crugen GT Pro and Road Venture HT, AT52 and RT models.

The Crugen GT Pro utilises K-Maxmile technology and a next-generation tread compound to achieve a 20 percent improvement in wear resistance over its predecessor. An optimised contact patch promotes even treadwear, backed by warranties up to 75,000 miles for H- and V-speed rated versions. K-Noise Defender technology and rounded tread block edges reduce resonance and road impacts, lowering interior noise by up to 0.8 decibels.

Reinforced shoulder blocks and a zigzag tread pattern enhance stability and high-speed handling for heavy SUVs and electric vehicles. K-Sipe Control technology and wider lateral grooves improve wet braking and light-snow traction, while Dual Performance Block Technology resists hydroplaning. Available now in 85 sizes from 16 to 22 inches, the Crugen GT Pro covers over 85 percent of the current crossover and SUV market.

Shawn Denlein, President – Sales and Marketing, Kumho Tire USA, said, “As crossovers and SUVs continue to dominate new vehicle sales, today’s drivers expect replacement tyres that combine long tread life, ride comfort and confident all-weather capability. Crugen GT Pro was engineered to deliver the premium performance today's drivers demand at an exceptional value that Kumho is known for.”

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TyreSafe has entered into a formal partnership with Knowsley Council to advance tyre safety awareness among motorists throughout the borough. This collaboration bolsters the council’s broader dedication to enhancing road safety and aligns with its strategic objective of reducing traffic-related harm on local highways.

Under this agreement, TyreSafe will supply practical educational materials that clarify driver responsibilities and guide proper tyre inspection procedures. The initiative is designed to empower road users to detect early warning signs of wear, incorrect pressure or damage, thereby preventing minor issues from escalating into hazardous failures. This educational push complements Knowsley’s existing road safety programmes, which integrate engineering improvements, public information campaigns and enforcement measures.

The urgency of this effort is underscored by recent collision data. Over the five-year period concluding in 2025, Knowsley recorded 945 police-attended road incidents, resulting in 262 casualties classified as killed or seriously injured, including 12 fatalities. With more than one billion vehicle miles travelled across the borough annually, proper vehicle maintenance is critical for safeguarding drivers, passengers and pedestrians alike. Tyres, being the sole contact point between a vehicle and the road surface, are fundamental to effective braking, steering and overall handling.

Regular condition checks are therefore essential, particularly given that regional enforcement operations frequently uncover illegal or defective tyres, which carry severe penalties and elevate accident risks. The TyreSafe-Knowsley partnership will facilitate joint campaigns, community engagement and educational events, ensuring clear tyre safety guidance reaches a wide audience. This initiative forms part of TyreSafe’s broader UK-wide strategy to foster multi-sector collaboration, recognising that lasting reductions in road deaths and serious injuries demand coordinated action across education, enforcement, engineering and vehicle safety standards.

Cllr Tony Brennan, Knowsley’s Cabinet Member for Regeneration and Economic Development, said, “Keeping people safe on our roads requires everyone to play their part, and our Vision Zero approach is focused on reducing the risk of people being killed or seriously injured. Making sure vehicles are safe and properly maintained, including their tyres, is an important part of protecting drivers, passengers and other road users. Tyres can have a significant impact on braking, steering and vehicle control, so ensuring they are legal and in good condition should be part of every motorist’s routine. We’re pleased to be partnering with TyreSafe to provide motorists with clear, practical information that supports our wider road safety work and helps people make safer choices on Knowsley’s roads.”

Stuart Lovatt, Chair at TyreSafe, said, “Tyre safety has an important role to play in keeping everyone using Knowsley’s roads safe. Whether someone is making a short local journey or covering significant distances, ensuring their tyres are legal, correctly inflated and in good condition is essential. Simple, regular checks can help motorists identify problems before they become a risk. We’re delighted to partner with Knowsley Council. Their commitment to Vision Zero and their work to improve safety across the borough makes this a particularly valuable partnership. By working together, we can raise awareness of tyre safety among road users and support the council’s wider efforts to make Knowsley’s roads safer.”

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Michelin India has opened four new retail outlets in Hyderabad, expanding its presence in southern India and improving access to its tyre products and services in the city.

The Michelin Tyre and Services (MTS) stores are located in Jubilee Hills, Saroornagar, Gandimaisamma and Kompally. The expansion is intended to support the availability of the company’s made-in-India Primacy 5 passenger vehicle tyres.

Each outlet has been developed in line with Michelin’s global retail standards, with service bays, equipment and customer facilities designed to deliver a consistent service experience.

The Jubilee Hills store has been launched in partnership with Wheel O City, while the Saroornagar outlet has been opened with Vigneshwara Wheels. A third outlet in Gandimaisamma has been established with Sachin Tyres. The Kompally store has been developed with Lambodara Tyres, which was established in 2012.

The outlets at Jubilee Hills and Gandimaisamma were inaugurated by Benjamin Coesnon, Marketing Director B2C at Michelin India, while the Saroornagar and Kompally locations were inaugurated by Kunal Doshi, SP Director at Michelin India.

Shantanu Deshpande, Managing Director of Michelin India, said, “Hyderabad continues to be one of India's most important mobility markets, driven by rapid urban development, expanding infrastructure, and growing demand for premium mobility solutions. The inauguration of four Michelin Tyres & Services stores across key locations in the city marks an important step in strengthening our retail ecosystem and bringing Michelin's globally benchmarked products and services closer to customers. As we continue to expand our footprint across India and accelerate the growth of our Made-in-India passenger vehicle tyre portfolio, we remain focused on working with strong local partners to deliver superior mobility experiences tailored to the evolving expectations of Indian consumers."

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