- ICRA
- Truck Bus Radial
- TBR
- retread
- tyres
- Nithya Debbadi
70 Percent Truck Tyres In India Are Retreaded Once: ICRA
- by Gaurav Nandi
- January 10, 2025

India’s tyre retreading market is estimated to be an INR 60 billion industry with retreading mostly happening on commercial vehicle tyres. The organised sector is slated to grow between 7-9 percent (CAGR) over the next three years. The retreading industry in India dates back decades, primarily focusing on commercial vehicle tyres. Over the decades, it has evolved with advancements in technology and regulatory frameworks. Government initiatives promoting sustainability and waste tyre management have further spurred growth, establishing retreading as a key component of the tyre market.
A recent media report stated that the organised tyre retreading market in India observed muted growth in the last five years. Speaking to Tyre Trends¸ ICRA Assistant Vice President and Sector Head – Corporate Ratings Nithya Debbadi said, “The domestic tyre retreading market is estimated at over INR 60 billion. Tyre retreading is largely done in commercial vehicles, which account for 80 percent of the market. Trucks account for 60-65 percent, while buses account for the rest of 15-20 percent. Off-highway tyres (OHT) including tractors account for 12-15 percent, while passenger vehicles account for a negligible share.”
More than 70 percent of the truck tyres are retreaded at least once. While retreading is prominent even in the LCV segment, proportion of tyres retreaded is lower than in M&HCV. Increasing radialisation, improving road infrastructure and retreading technology and focus on sustainability is expected to increase the share of retreading in the truck and bus radial (TBR) segment, going forward. New tyre designs for electric vehicles also presents opportunities for the retreading industry.
Demand growth
Alluding to how the Indian government’s focus on waste tyre disposal and increasing radialisation in commercial vehicles has benefitted the TBR retreading market in India, she noted, “Indian government introduced Extended Producer Responsibility (EPR) guidelines for waste tyres management, which came into effect in July 2022. The guidelines lay down rules relating to utilisation and management of waste tyres by producers (manufacturers and importers), recyclers and retreaders. Producers or importers need to fulfil EPR obligations by purchasing EPR certificate from registered recyclers. However, EPR obligation of tyre which has been retreaded shall be deferred by one year.”
“While the guidelines came into effect in FY2023, targets have been increasing progressively with the obligation increasing to 100 percent of tyre production in FY2025. Increasing focus on waste tyre management incentivises producers to focus on sustainability, which supports growth of retreading market. Compliance is achieved by purchasing EPR certificates from authorised recyclers or retreaders, thus developing tyre recycling infrastructure,” she added.
In trucks and bus segment, share of radialisation is estimated to have increased from 48 percent in FY2019 to over 55 percent in FY2024. Radial tyres have stronger structure, which supports multiple rounds of retreading. Moreover, radial tyres are more suited for roads in better conditions, leading to higher range for a given duration. This leads to frequent need for retreading.
She also noted that owing to Covid-19 and its post-effects, the retreading industry saw a flattish growth (estimated CAGR of 1-3 percent) in the three years ending FY2023. However, with the government’s thrust towards disposal of waste tyres, anti-overloading measures and increasing radialisation in commercial vehicle tyre segment, the retreading market has been a key beneficiary witnessing better demand traction in FY2024.
ICRA expects the organised tyre retreaders to grow by 7-9 percent (CAGR) over the next three years. Key factors supporting the growth include focus on sustainable tyres, improving tyre and retreading technology, better road infrastructure, rising radialisation in CV segment etc.
Alluding to what impact is the growing demand for sustainability and cost efficiency having on the quality standards and innovation within the retreading industry, she noted, “Retreading results in significant cost saving as the cost of retreading is around 20-50 percent the cost of a new tyre because of reuse of casing. Treads account for close to one-third of a tyre’s total cost. Performance of a retreaded tyre also depends on the health of the original casing.”
She added, “Developments in tyre technology has resulted in stronger casings and overall tyre structure that supports multiple rounds of retreading. Enhanced re-manufacturing techniques and higher quality rubber compounds are improving the quality of retreaded tyres and supporting demand. With quality casing and superior retreading technology, a tyre can be retreaded two to three times before being replaced while maintaining 80 percent quality of the new one.
Impending challenges
The tyre retreading market in India is at a pivotal juncture driven by a confluence of regulatory support, technological advancements and a growing awareness of sustainability. While challenges remain in the form of market fragmentation, the potential for growth is significant.
Despite these positive trends, the TBR retreading market faces significant challenges. The Indian market remains highly fragmented with over 50 percent of players operating in the unorganised sector.
As the industry adapts to changing dynamics, the focus on quality and sustainability will play a crucial role in shaping its future trajectory. The next decade may see retreading not just as a viable alternative to new tyres but as an essential component of a more sustainable automotive ecosystem in India.
- Apollo Tyres
- Parmeshwaran Iyer
Apollo Tyres Names Parmeshwaran Iyer as Chief Supply Chain Officer
- by Sharad Matade
- February 06, 2025

Apollo Tyres has appointed Parmeshwaran Iyer as Chief Supply Chain Officer with immediate effect.
Iyer, a seasoned supply chain professional, brings 30 years of experience in the fast-moving consumer goods, healthcare, oil and white goods industries. He has extensive expertise in end-to-end planning, procurement, logistics and customer management.
Before joining the Indian tyre maker, Iyer spent over 18 years at Beiersdorf AG, where he held multiple leadership roles across Germany, the United Arab Emirates, Russia, and India. Most recently, he served as Global Vice President of Digital Supply Chain, spearheading digitalisation initiatives.
Prior to that, he was Global Vice President of Supply Chain Management, leading a team responsible for planning, logistics, and customer service strategies, including Sales and Operations Planning (S&OP), cost-to-serve analysis, and logistics excellence.
Iyer also led regional supply chain operations for Beiersdorf, overseeing end-to-end supply chain management across 88 countries in Sub-Saharan Africa, Russia/CIS, and Southwest Asia, including India.
His career also includes stints at Johnson & Johnson, TOTAL Energies India and Daikin Airconditioning.
He holds a Post Graduate Diploma in Business Management with a specialisation in Material Management and a bachelor’s degree in physics from the University of Mumbai.
- Michelin
- HAAS Alert
- Ed Quigley
Michelin, HAAS Alert Partner to Enhance Roadside Safety
- by TT News
- February 05, 2025

Michelin North America and HAAS Alert are rolling out a new safety initiative that uses digital alerts to protect stranded truckers and roadside technicians across the United States and Canada.
The system integrates HAAS Alert's Safety Cloud technology with Michelin's ONCall emergency roadside service. When truck drivers request roadside assistance through ONCall, the system automatically sends alerts to nearby motorists through navigation apps like Apple Maps and Waze, as well as built-in vehicle systems in several auto brands.
These alerts warn approaching drivers to slow down and move over, providing up to 30 seconds of advance notice before reaching the breakdown site.
"Since 2009, Michelin ONCall has responded to almost 3 million roadside emergency service calls in the U.S. and Canada," said Ed Quigley, Director of Sales & Operations, Connected Solutions at Michelin North America, Inc. "That's why this partnership with HAAS Alert is so important. We want to help improve the safety of everyone on the highway, including commercial truck drivers and service providers, as well as consumer vehicle drivers like you and me."
The partnership comes as research demonstrates the effectiveness of digital alert systems. A 2021 Purdue University study found that such alerts can reduce hard braking incidents by up to 80 percent.
"This new product is designed to help protect commercial vehicle operators by alerting approaching drivers who are using pertinent navigation apps, through Safety Cloud until help arrives," said Tom Parbs, VP of Sales at HAAS Alert.
Michelin ONCall, launched in 2009, aims to respond to service requests within two hours and has handled nearly 3 million tyre and mechanical emergency roadside service events.

Satish Sharma recently joined BKT as Senior President for Strategy and Business Development.
Sharma brings a rich experience of over three decades in the tyre industry.
Prior to this appointment, Sharma was the President spearheading Apollo Tyres’ operations across the Asia Pacific, Middle East, and Africa regions. Sharma oversaw key functions, including manufacturing, sales and marketing, customer relations, and regional profitability.
Sharma holds a bachelor’s degree in Chemical Engineering from the National Institute of Technology, Raipur, and a post-graduate diploma in Business Management from the Institute of Management Technology, Ghaziabad.
A veteran of India’s automotive sector, Sharma previously served as Chairman of the Automotive Tyre Manufacturers Association (ATMA).
- Beckhoff Automation
- Hall of Fame for Family Businesses
- Hans Beckhoff
Hans Beckhoff Inducted Into Hall Of Fame For Family Businesses
- by TT News
- February 04, 2025

Hans Beckhoff, Founder and Managing Director of Beckhoff Automation, was honoured for his entrepreneurial achievements on 29 January 2025 by German business newspaper Handelsblatt, KPMG and the Stiftung Familienunternehmen (the Foundation for Family Business) and inducted into the Hall of Fame for Family Businesses.
Beckhoff, 70, was honoured in front of more than 170 family business owners during a ceremony in Munich, Germany. For 45 years, he has maintained a high rate of innovation at his technological business, which is no small feat. Instead of being driven by the digital transition, he is driving it. He has also not lost sight of today's global issues, including climate change. According to Beckhoff's slogan, ‘Engineers must save the world’, sophisticated automation technology is crucial in this context since it establishes the groundwork for enhancing sustainability as well as energy and resource efficiency.
The company's technological inventions, many of which have established worldwide market standards in automation, have proven groundbreaking, substantiating its claim to be a pioneer in the field. The core Beckhoff philosophy of PC-based control technology, which leverages the vast development potential of the IT industry for industrial applications, is a perfect illustration of this. PC-based control, which Beckhoff introduced to the market in 1986 and is today essential in a variety of sectors, including the semiconductor, automotive and packaging industries, is where automation and IT meet. It is especially used for high-performance applications.
Another milestone is the bus terminal, fieldbus technology in terminal block format, which was introduced in 1995. This fundamental automation building block allowed for the implementation of strong, small, modular and finely granular control systems that were customised to meet specific needs. The ultra-fast EtherCAT communication technology, introduced by Beckhoff in 2003, has grown to become a crucial global standard for high-performance automation. Today, more than 8,000 businesses from all around the world support this intriguing technology as members of the EtherCAT Technology Group. Despite its reputation for inventions and revolutions, Beckhoff's system idea is still widely used. Today, Beckhoff technology handles all aspects of control tasks: from machine vision and control cabinet-free automation with a comprehensive hardware and software suite to modular I/O components, flexible drive technology, intelligent product transport and TwinCAT control software with artificial intelligence (AI) features, powerful industrial PCs, and EtherCAT.
The next generation has also benefited from Beckhoff's passion for automation and innovation, as seen by the fact that his children, Frederike and Johannes Beckhoff, have long held prominent roles within the business. As a result, Beckhoff Automation is still a family business 45 years after it was founded.
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