The Indian Car of the Year (ICOTY) and Indian Motorcycle of the Year (IMOTY) awards for the year 2025 were presented by JK Tyre at the Levitas Lounge in New Delhi. Mahindra Thar Roxx won the title of Indian Car of the Year 2025, whereas the Aprilia RS 457 was unanimously selected as the Indian Motorcycle of the Year 2025.

Prominent journalists, members of the automobile community and leaders of the industry graced the occasion. Since it was ICOTY's 20th anniversary, this year's event was very noteworthy. The awardees were given their prizes by Dr Raghupati Singhania, Chairman & Managing Director, JK Tyre & Industries, ICOTY Chairman Dhruv Behl, IMOTY Chairman Kartik Ware, and distinguished jury members.

The ICOTY jury established the ‘Premium Car Award’ in 2019 to address the expanding availability, acceptability and appeal of a broad variety of luxury vehicles from different manufacturers in the Indian market. Mercedes-Benz E-Class was acknowledged as the deserving champion for 2025. Given the changing automotive industry and the government's growing emphasis on electric cars, the 'Green Car Award' was instituted in 2021 to recognise the manufacturers' contributions to the mobility of the future. The 2025 Green Car Award was given to MG Windsor.

A rigorous examination procedure was applied to the cars and motorcycles nominated for this year's ICOTY and IMOTY awards. The candidates were assessed in four categories by 28 jurors with over 400 years of combined work experience from top auto magazines. In order to identify the winners, the judges thoroughly examined each vehicle's features, taking into account elements including cost, fuel economy, design, comfort, safety, performance, usefulness, technological innovation, value for money and suitability for Indian driving conditions.

Dr Singhania said, "The ICOTY and IMOTY Awards stand as a testament to the remarkable achievements in India's dynamic automotive landscape. These esteemed accolades celebrate excellence and innovation, reflecting the industry's unwavering commitment to progress. Over the years, the Indian automotive sector has demonstrated remarkable strides, solidifying its position as a global leader. At JK Tyre, we are proud to contribute to this legacy and recognize the dedication and ingenuity that drive this industry forward.”

Behl said, “The 20th edition of ICOTY is certainly a memorable one. ICOTY, the Green Car Award by ICOTY and the Premium Car Award by ICOTY are, far and away, the most coveted awards in the Indian automotive industry. Over the past two decades, ICOTY has set itself apart as being the most credible and respected awards in the industry. The 21-member ICOTY jury has a cumulative experience of 408 years, and it’s an absolute honour for me to be Chairman of such an illustrious jury. I’d like to congratulate all the winners for bringing cutting edge technology and design to our roads in their respective segments.”

Ware said, “The 18th edition of IMOTY saw competition as tough as it's ever been. The finalists were some of the best machines India has ever seen, their capabilities ranging across the wide spectrum bookended by performance and innovation and everything in between that a motorcycle must possess. However, there can only be one winner, and the Aprilia RS 457 is a deserving one for the special feelings it brings to Indian riders. A big thanks to my fellow jury members for making my first time out as IMOTY chairman as smooth as possible. And an equally big thanks to JK Tyre for supporting IMOTY since its inception. One more fantastic motorcycle joins the ranks of IMOTY winners!”

Nalinikanth Gollagunta, CEO – Automotive Sector, M&M Ltd, said, “We would like to thank the esteemed ICOTY 2025 jury for honouring the Mahindra Thar ROXX with this coveted award. This recognition reaffirms the global benchmarks of design, engineering and manufacturing excellence we have pursued. The Thar ROXX represents a passion for charting new adventures – an ethos that resonates with enthusiasts everywhere. We remain deeply grateful to our customers, whose love and trust continue to fuel our commitment to deliver unforgettable driving experiences.”

Diego Graffi, MD and CEO, Piaggio Vehicles Private Limited, said, “In a year graced by exceptional motorcycles, the Aprilia RS457 has emerged as a true standout. The IMOTY 2025 jury has bestowed upon the Aprilia RS457 the title of 'Indian Motorcycle of the Year’, a resounding affirmation of its unwavering commitment to speed, agility and Italian design. We are immensely proud to witness the Aprilia RS457 receive this well-deserved accolade. This recognition serves as a powerful testament to the dedication and passion exhibited by our team in crafting a motorcycle that truly embodies the spirit of Aprilia – speed, agility and Italian design.”

Santosh Iyer, MD & CEO, Mercedes-Benz India, said, “The Long Wheelbase E-Class remains the most desirable luxury sedan for the discerning Indian luxury car customer. Highly advanced and personal than ever before, the Long Wheelbase E-Class is an unmatched combination of luxury, sheer comfort, ground-breaking technology, digital intelligence and superior driving dynamics, making it the unanimous choice as India’s most admired luxury sedan. The coveted ICOTY Premium Car of the Year is a firm testament to the Long Wheelbase E-Class’ unparalleled luxury stature in the luxury car market. I dedicate this honour to the entire Mercedes-Benz India team, who made multiple 'India-specific' enhancements to the car, making it highly suitable for the Indian conditions, exceeding even the most demanding customer requirements. The ICOTY Premium Car of the Year honour for the Long Wheelbase E-Class salutes the innovation, pioneering spirit and brand legacy that customers associate Mercedes-Benz with, inspiring us to create superior customer experience."

Rajeev Chaba, CEO Emeritus, JSW MG Motor India, said, "The MG Windsor is the right product at the right time with the right pricing and packaging. It is certainly a disruptor in the segment, redefining consumer perceptions about EVs. The strong sales momentum since its launch highlights the evolving preference of consumers. The MG Windsor ticks all the boxes of their consideration sets, especially the value for money it delivers. The MG Windsor is all the more special to us because it has been successful in debunking myths around higher acquisition cost of EVs through path breaking initiatives such as Battery-As-A-Service and lifetime battery warranty. The interplay of all these factors has helped MG Windsor to emerge as the Green Car of the Year at the coveted ICOTY 2025. I would like to thank all our customers for their unwavering support, the esteemed jury at ICOTY and everyone at JSW MG Motor India who have worked relentlessly to make this achievement possible."

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Apollo Tyres’ Chennai Plant has formalised a multi-institutional partnership through a Memorandum of Understanding (MoU) with five esteemed engineering colleges from Kerala, Odisha and Tamil Nadu. This strategic alliance is designed to fortify the nexus between industry and academia, with a focused objective of developing a robust, industry-ready talent pool to meet future sector demands. The collaboration represents a significant investment in the human capital pipeline, directly linking academic output with corporate needs.

The collaborating institutions in this forward-looking initiative are SASTRA University, SRM TRP Engineering College, JJ College Of Engineering & Technology, Ma'din Academy and Nilachal Polytechnic. The partnership’s framework encompasses a comprehensive suite of initiatives aimed at mutual development. For students, it provides a structured pathway to employment, including placement assurances during their final year and enhanced campus hiring opportunities. To bridge theoretical knowledge with practical application, the programme will facilitate organised industry visits to Apollo’s manufacturing facility, offering students firsthand exposure to modern production processes. Complementing this, a series of expert-led sessions, technical lectures and seminars will be delivered by in-house professionals from Apollo Tyres, ensuring the curriculum remains aligned with evolving industry practices.

This symbiotic engagement yields significant strategic benefits for all stakeholders. Students gain invaluable industry awareness and confidence, while academic institutions enhance their curriculum's practical relevance. For Apollo Tyres, the initiative enables the early identification and nurturing of prospective talent, effectively streamlining recruitment and fostering a positive perception of manufacturing careers.

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German chemicals group Wacker Chemie lowered its full-year outlook after third-quarter profit fell by nearly a quarter, hit by weak demand and intense competition from China.

The Munich-based company, which makes silicones and polysilicon for semiconductors and solar panels, reported earnings before interest, tax, depreciation and amortisation (EBITDA) of 112 million euros ($121.6 million) for the July-September period, down 23 percent from 145 million euros a year earlier.

Sales fell 6 percent to 1.34 billion euros from 1.43 billion euros, weighed down by lower prices and unfavourable currency effects.

The results were broadly in line with analyst expectations, which had forecast sales of 1.37 billion euros and EBITDA of 101 million euros, according to Vara Research.

Wacker swung to an operating loss of 20 million euros in the quarter, from a profit of 30 million euros a year ago, whilst net income turned negative to 82 million euros, compared with a profit of 34 million euros.

“The chemical industry is under pressure – worldwide, but in Europe in particular. The economic situation is tense, and market demand is weak. At the same time, the market environment is changing, and competitive pressure is high – especially from China. And this is something that we are experiencing at WACKER as well,” Chief Executive Christian Hartel said.

“Like many other companies, we had to lower our full-year forecast in the middle of this year. Even though we closed Q3 in line with market expectations, sales and earnings were again down year on year in almost all business divisions,” he said.

Wacker launched a comprehensive cost-cutting programme in October aimed at achieving significant savings in production and administration, with implementation planned to begin in the first quarter of 2026.

The company now expects full-year sales at the lower end of its previously forecast range of 5.5 billion to 5.9 billion euros, with EBITDA in the lower half of its 500 million to 700 million euro range. It also anticipates a negative net result for the year, significantly below the previous year.

The company’s silicones division, its most significant business, saw sales decline 7 percent to 673 million euros, whilst EBITDA fell 19 percent to 86 million euros. The polysilicon unit, which serves both solar and semiconductor markets, reported a 40 percent drop in EBITDA to 18 million euros, as low prices and exchange-rate effects offset strong hyperpure polysilicon performance in semiconductors.

Wacker’s workforce declined to 16,616 employees at the end of September from 16,724 three months earlier.

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Finnish tyre manufacturer Nokian Tyres said it would cut 80 permanent positions and temporarily lay off about 650 workers as part of measures to improve financial performance and operational efficiency.

The company has begun personnel negotiations affecting roughly 1,700 permanent white-collar positions across its global operations, including group functions and all business units.

The temporary layoffs will affect blue-collar and white-collar staff at passenger car and heavy tyre production facilities in Nokia, Finland, for up to 90 days per person. These measures could be implemented by the end of 2026.

The permanent job cuts, targeting white-collar roles, may take effect by late 2025, the company said.

Nokian Tyres employed approximately 4,400 people worldwide at the end of September, with 2,045 staff based in Finland.

The negotiations will commence immediately in line with local labour legislation in each country where the company operates.

The announcement comes as tyre manufacturers face pressure from volatile raw material costs and shifting demand patterns in key markets.

Nokian Tyres, known for its winter tyres and premium products, has been restructuring its operations following geopolitical challenges that affected its Russian production and sales.

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Capitalising on a period of significant growth, Nexen Tire is strategically introducing two new passenger tyres, the N’Priz S and the N’Fera Sport, through a comprehensive two-stage launch. This initiative represents one of the company's most substantial product introductions, designed to engage key audiences from media to consumers through immersive, hands-on experiences.

The launch commenced earlier this fall with an exclusive Ride N’ Drive event at the Illinois Autobahn Country Club. There, participants had the opportunity to personally evaluate the new tyres across a variety of driving conditions, including autocross challenges and highway simulations. This direct testing allowed them to assess critical performance attributes such as handling and comfort while also facilitating valuable interaction with Nexen’s own engineering and product development teams.

The campaign now advances to a broader stage, moving to the 2025 SEMA Show in Las Vegas. Nexen Tire America will host an extensive activation featuring a 240-foot booth where the N’Priz S and N’Fera Sport will be prominently displayed. The exhibit will include original equipment vehicles, motorsports trucks competing on Nexen tires and a dynamic schedule of live discussions with company leadership, technical experts and brand partners on the specially created Nexen Live stage. This platform will also serve to showcase the brand's latest progress in areas like tyre design simulation and electric vehicle development.

These two tyres are engineered to meet the distinct needs of different drivers, thereby broadening Nexen’s market reach. The N’Priz S is a grand-touring all-season tyre that is also EV-compatible, focusing on delivering a quiet, comfortable ride and reliable traction for daily commuting and long-distance travel. It incorporates advanced AI performance prediction and virtual simulation technology to optimise tread design and reduce cabin noise, alongside a specialised rubber compound aimed at enhancing tread longevity and overall efficiency.

In contrast, the N’Fera Sport is an ultra-high-performance summer tyre built for drivers seeking precision steering response and superior control in warm conditions. Its design prioritises direct feedback, confident wet-road braking and stability while still maintaining usability for spirited street driving. The N’Fera Sport is scheduled to arrive at dealers this fall, with the N’Priz S following in early 2026. Together, these launches underscore Nexen’s commitment to technological innovation and creating meaningful connections with the driving public.

Brian YoonSeok Han, CEO, Nexen Tire America, said, “Nexen Tire’s growth in the US is being fuelled by innovation and experience. We wanted people to feel what sets these new tyres apart, including how they handle, how they perform and how they represent our continued commitment to excellence. Ride N’ Drive gave us that direct connection with our partners, and now SEMA allows us to share that story on a global stage.”

Theresa Kapper, Director of Marketing for Nexen Tire America, said, “Launching the N’Priz S and N’Fera Sport through both Ride N' Drive and SEMA us to connect every piece of our story, from innovation and testing to excitement and scale. It’s about showing not only what these products can do, but what Nexen stands for as a brand. This rollout reflects the growth, energy and ambition driving Nexen Tire forward in the US market.”

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