First of all the negative growth had contracted sharply in the second quarter. Pandemic had brought the economy to a grinding halt in the first quarter and the economy collapsed by 24%, arguably the worst contraction in modern history. The contraction eased to 7.5% in the second quarter much less than the 9-11% projected by rating agencies and the analysts. More than that, several economic indicators pointed towards a turnaround.  Be it GST collections, sales of vehicles, industrial output or generation of e-way bills - all regained lost ground in the months of Oct and Nov’20, and some even surpassed the pre-pandemic levels.

It is also evident that corporate India has responded favourably to the Government’s stimulus measures. During the second quarter, sequential recovery from the first one was visible across sectors as the lockdown restrictions eased. Some sectors were even able to bounce back to pre-COVID levels and post revenue growth on an annual basis, confirms an ICRA report.

In this context, the performance of tyre industry offers interesting insights. As the process of unlock commenced and economic activities gathered momentum, tyre industry, though badly badgered during the lockdown,  worked incessantly, braving odds, to catalyse the economic momentum. Tyre production in India was up 17% in Sept’20 in comparison to Sept’19 levels. The production of Truck & Bus tyres, often celebrated as the wheels of the economy went up by significant 39% in Sept against the year ago period.

For years, the tyre industry has been asking for policy enablers to enhance exports from the country. Government has shown political will and has taken some far-reaching policy measures in aid of the industry having appreciated the pain areas coming in the way of its full blossoming.

The industry has responded to these policy initiatives in equal measure. Notwithstanding disruption in international trade following COVID-19 pandemic and protectionist stance being adopted by countries, Indian tyre industry managed to touch a figure of nearly Rs 6000 crore in exports in the first half of the ongoing fiscal year. Impressive export performance in the second quarter compensated for the sharp drop of 23% in tyre exports experienced in Q1 bringing the overall decline down to 7% in the first half of current fiscal.

Having fallen to a low of 26 thousand units of exports in the month of April this year in view of  the lockdown, Truck & Bus Radial (TBR) tyre exports have been on their way up and reached 1.85 lakh units in Sept, the highest ever monthly exports in the category so far.

The recovery in Passenger Car Radial tyres has been rather sterling. From 9 thousand units of exports in April, PCR tyre exports touched a figure of nearly 2 lakh tyres in Sept, again a historic high for the category.  The scenario is no different in case of Motorcycle tyre exports. The month of Sept recorded exports of over 2.5 lakh units, a feat rarely achieved so far.

Farm/ Agri tyre exports from India have witnessed an impressive double digit growth in the first half of FY21 notwithstanding the lockdown. The month of Sept'20 witnessed exports of 3.9 lakh units of Agri tyres, one of the highest marks ever achieved. Moreover, the tyre exports from India have been to some of the discerning markets in the world. US and Germany are the dominant markets for Indian manufactured Farm/Agri tyres accounting for over 30% share. The US has emerged as a major recipient of TBR tyres from India. More than one-third of TBR tyre exports from India were destined for the US during the first half of the current fiscal year..

Tyre industry may provide just one of the glimpses of India’s manufacturing prowess and its ability to rise to the occasion. Recently speaking at a conclave of country's management leaders organised by All India Management Association, RC Bhargava, Maruti Suzuki India Chairman, emphatically stated that India has the capability to become a lower cost producer than China if the industry and the government work together. He rightly argued that the only objective of government policies has to be to increase the competitiveness of Indian industry..

It is hoped that the process of revival of the economy will gather momentum despite the lurking fear of disruptions caused by COVID-19. Here is wishing everyone a very Happy and Safe 2021 .May the trials and tribulations cease in the New Year.

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Birla Tyres has officially joined the Automotive Tyre Manufacturers’ Association (ATMA), becoming the newest member of the leading industry body. The company, with its registered office in Kolkata, operates a large-scale manufacturing facility in Balasore, Odisha, which spans 195 acres and is dedicated to producing a diverse range of speciality tyres.

Based in New Delhi, ATMA represents major tyre manufacturers that account for more than 80 percent of domestic production. The association serves as a vital link between the government and the industry while also engaging with media, opinion leaders and international trade bodies to advocate for the sector’s perspectives.

ATMA actively participates in policy formulation and regularly consults with government departments on economic challenges affecting the industry. Its existing membership includes prominent firms such as MRF Tyres, JK Tyre & Industries, CEAT Ltd and Bridgestone India, the local subsidiary of the Japanese tyre giant.

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Bridgestone has reported a significant shift in UK consumer sentiment regarding electric vehicles, with new data indicating a sharp rise in drivers who reject the technology. The tyre manufacturer's survey reveals that 26 percent of motorists now declare they will never purchase an EV, up from 17 percent in 2025, while only 16 percent plan to acquire one within the coming year.

Persistent operational anxieties continue to overshadow the market. Battery durability and replacement costs trouble 55 percent of respondents, half worry about charging expenses and 44 percent express unease over range limitations and high sticker prices.

Infrastructure inadequacies further compound hesitancy, as 43 percent feel public charging stations remain insufficient and 41 percent are deterred by prolonged recharging times. Despite these barriers, 53 percent anticipate purchasing an EV within five years, while seven percent remain undecided.

Bridgestone is reinforcing its commitment through 'EV Ready' tyres like the Turanza 6, engineered for efficiency, safety and wear life across electric and combustion vehicles. These innovations align with the company's E8 Commitment and Ecology pillar, advancing sustainable tyre technologies and mobility solutions.

Drew Chapman, North Region Consumer Sales Director at Bridgestone, said, "Electric vehicles are becoming an increasingly familiar sight on our roads, but our research shows that many drivers still have genuine questions and concerns about making the switch. While some of the barriers are gradually reducing, issues such as battery life, charging costs and infrastructure remain front of mind for many motorists. The industry has made significant progress, but it's clear there is still work to do in building confidence among consumers.

"Whether drivers are behind the wheel of an EV, hybrid or conventional vehicle, they want products they can trust. Our focus is on helping motorists get the very best from their vehicles today while supporting the mobility solutions of tomorrow."

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The Yokohama Rubber Co., Ltd. has secured its place in three major global ESG stock indexes, marking over two decades of sustained recognition in sustainable investing. The company’s inclusion in the FTSE4Good Index Series now extends to 22 consecutive years, while its presence in the FTSE JPX Blossom Japan Index has reached a 10th year and the Sector Relative Index a 5th year.

Developed and administered by FTSE Russell, a London Stock Exchange Group subsidiary, these benchmarks serve distinct investment purposes. The FTSE4Good Series is widely utilised by international investors as a reference for responsible portfolios. Meanwhile, the two Japan-specific indexes, designed to highlight domestic firms with exemplary ESG performance, have been adopted by the Government Pension Investment Fund to steer its own sustainable asset allocation.

Under the corporate sustainability motto of caring for the future, Yokohama Rubber continues to integrate social problem-solving into core business operations, thereby generating shared value. This longstanding index qualification reflects the firm’s consistent commitment to transparent governance, environmental stewardship and social responsibility, reinforcing its strategic focus on long-term value creation through ethical business conduct.

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Apollo Tyres Ltd has launched the Apollo Altrust Winter van tyre, a new addition to its commercial vehicle lineup engineered to deliver extended durability alongside reliable snow and wet-weather traction. Scheduled for European release in July 2026, this winter variant finalises the Altrust family, which already includes the popular summer and all-season iterations.

Developed entirely within Europe, the tyre achieves a top wet grip classification of ‘A’ and a noise rating of ‘B’ at 72 decibels. Offered in 15 size options across 15- to 17-inch rim diameters, the Altrust Winter is designed to accommodate a broad spectrum of vans and light commercial vehicles, including contemporary models such as the Ford Transit, Mercedes Sprinter and IVECO Daily.

Superior handling on snow, ice and rain-soaked roads stems from several engineering innovations. A multi-pitch tread pattern optimises block sizing and spacing for consistent performance, while three-dimensional sipes enhance road biting capability. Additionally, the centre and shoulder lateral grooves have been strategically configured for swift water dispersal, which bolsters wet grip and lessens aquaplaning risks.

For fleet operators, longevity and reduced wear are critical to lowering total cost of ownership. Apollo’s research division formulated a compound with a balanced polymer-and-filler mix to boost abrasion resistance and curb material degradation. Reinforced shoulder tie-bars preserve a stable contact patch under heavy use, promoting even tread wear and sustaining all-weather effectiveness over the tyre’s lifespan. Noise management was also prioritised, with careful tuning of pitch sequences and shoulder block bridges to minimise acoustic output.

Udyan Ghai, Group Head – Marketing, Apollo Tyres Ltd, said, “Our research and development team in Enschede, The Netherlands, spent over two years exploring the needs of van owners and users, creating a winter van tyre that delivers an optimal balance of performance and value. They focused on those attributes that matter most to fleet operators and van drivers: safety, durability and low operating costs. We know that wet-weather performance is becoming increasingly important for operators across Europe, so we are particularly pleased to see the tyre secure an A rating for wet grip.”

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