LTTS Sees Tyre Industry Embracing Digitalisation And External Support For Rapid Growth
- By Nilesh Wadhwa
- April 22, 2025
Bengaluru-headquartered engineering and R&D (ER&D) company L&T Technology Services (LTTS) has been working behind the scenes with a wide-variety of industries globally as well as in India; among them the transportation vertical is a key contributor, which also includes the automotive and tyre industry.
The tyre industry, which for long has been seen working silos, is now increasingly embracing digitalisation and external support for accelerated growth.
In an interaction with Tyre Trends, Shailendra Shrivastava, Chief Segment Officer, Mobility at L&T Technology Services, shared, “The integration of research, development, innovation and technology is set to revolutionise the tyre industry, ushering in an era of digital transformation that extends beyond traditional manufacturing.”
He believes that by leveraging digital tools, tyre makers can gather and analyse data from major fleet owners, which enables them to take more informed manufacturing decisions and strategic production planning.
PARTNERSHIPS PLAY A CRUCIAL ROLE
It is no secret that the automotive industry right now is undergoing an evolution, what’s with alternative fuels, digitalisation, artificial intelligence (AI), machine learning (ML), consumer demand or fast-evolving regulatory framework.
LTTS shared that ER&D companies are increasingly playing a pivotal role in the digital transformation of tyre OEMs, both in India and on a global scale. These partnerships are driven by the relentless advancement in technology and competitive market.
It is not just about development of tyres but also overhauling the manufacturing and other processes.

“Engineering firms provide tyre manufacturers with cutting-edge solutions such as smart manufacturing processes, IoT integrations and predictive analytics. These collaborations help tyre OEMs to enhance their operational efficiency, reduce costs and innovate their product offerings. This alliance is not just about keeping pace with industry trends; it’s about setting the trajectory for future innovation and ensuring that tyre companies are well equipped to meet evolving consumer demands and regulatory requirements,” explained Shrivastava.
KEY TRENDS RESHAPING THE TYRE INDUSTRY
In both automotive and non-automotive industries, such as agriculture, construction and material handling, tyres play a crucial role in ensuring efficiency, safety and performance. According to Shrivastava, one of the biggest shifts in the industry is the integration of technology.
He outlined the key trends witnessed:
Smart tyres: Technology integration in tyres is on the rise. Smart tyres equipped with sensors, monitor tyre pressure, temperature and tread wear provide real-time data to enhance safety and performance. Tyre companies are progressively leveraging this data to enhance customer engagement through their proprietary applications.
Electrification: With the growing focus on electric vehicles (EVs) and their increased weight due to batteries, there is a greater emphasis on designing tyres that reduce rolling resistance, minimise road noise and improve driving distance. EV tyres also need to be more durable to withstand wear and tear.
Safety: As safety becomes a priority, there is a demand for tyres with advanced features, including improved wet-condition grip, better braking performance and superior durability.
Sustainability: The demand for sustainable materials and tyres designed to reduce rolling resistance is growing. This trend improves fuel efficiency and reduces carbon emissions.
Customisation: Consumers are showing interest in customisable tyres with unique tread patterns and sidewall designs that allow for personalisation.
Retreading & recycling: The practice of retreading tyres is gaining popularity as a cost-effective and environmentally friendly alternative to complete tyre replacement; this is also particularly significant for commercial fleet operators.
When it comes to demand trends, while there are differences between India customers and other countries, there are trends converging in the tyre industry.
“In India, consumers have traditionally prioritised cost-effectiveness and durability due to challenging road conditions and economic factors. Conversely, in other global markets, emphasis has often been placed on performance, technology integration and environmental sustainability. However, with the rapid globalisation and exposure to international standards, Indian consumers are beginning to demand more sophisticated features. This shift is fostering a convergence of consumer expectations, as companies are now striving to balance affordability with cutting-edge technology and eco-friendly options, creating a more universal demand across various regions,” alluded Shrivastava.
Despite some commonalities, there are some key differences in the markets:
Price sensitivity: Indian consumers tend to be more price-sensitive, leading to a higher demand for budget-friendly tyres.
Durability: Due to challenging road conditions, Indian consumers prioritise durable tyres that can withstand Indian roads and rough terrains.
Replacement market dominance: In India, the replacement tyre market dominates, comprising about 56 percent of total volume, unlike developed markets with balanced demand between OEM and replacement tyres.
Fuel-efficient tyres: While globally there is interest in eco-friendly tyres, this trend is more pronounced in developed markets due to stricter environmental regulations.
Brand loyalty: Brand loyalty is stronger in developed markets. In India, consumers prioritise value for money and are open to trying new brands.
While the differences in the trends remain, as the Indian tyre industry becomes more tech-advanced, we will see more convergence between the developed and emerging markets.
TESTING, DESIGNING & VALIDATION
ER&D companies like LTTS mostly work behind the scenes and most of their work revolve around co-creating Intellectual Property Rights (IPR) with their clients.

The company also provides polymer engineering innovation, wherein it enables enhancement of performance, safety and sustainability with lightweight, durable and recyclable materials.
LTTS supports tyre manufacturers worldwide by leveraging advanced composites, 3D printing and high-performance thermoplastics, which helps clients address environmental concerns and cost challenges, driving smarter, more efficient and sustainable transportation solutions.
“We provide AI/ML-based applications, reverse engineering services, embedded sensor solutions and support for advanced manufacturing. Our expertise spans areas like digital twin technology, 3D scanning and IoT integration.
“LTTS focuses on several critical areas, including AI/ML for efficiency, which optimises tyre development and reducing material wastage. Reverse engineering allows for analysing tread patterns and compositions for improvements. Embedded systems & IoT for enabling smart tyres with real-time monitoring capabilities. Manufacturing support to bring efficiency in tyre production plants. Augmented reality and mobile applications to drive digital transformation in the tyre industry.
“By integrating AI, ML and IoT with traditional engineering, we help raise industry standards while prioritising sustainability and efficiency,” said the executive.
SENSOR-BASED TYRE TECH & EMISSIONS
Smart tyres are no longer a work of fiction but a promising technology that is set to see significant uptick in various segments in the coming years. It’s no secret that tyre makers and even start-ups alike are investing heavily to bring smart tyres that not only indicate the tyre pressure but also various parameters to improve vehicle performance, fuel efficiency and safety.
A report by SNS Insider estimates that the automotive smart tyre market size was valued at USD 90.90 billion in 2023 and expected to grow with a CAGR of 8.60 percent from 2024 to 2032. Through the year 2032, it is likely to reach around USD 206.39 billion, promoted by the expanding applications in terms of several automotive segments.
This will also be due to the emergence of more sensors and connected vehicle technology.
Shrivastava said, “Advanced sensors are revolutionising the tyre industry by offering a higher degree of customisation, fundamentally changing how performance and safety are approached. At the forefront of this transformation is enhanced safety: sensors now monitor tyre pressure, temperature and tread wear in real-time, preventing accidents by alerting drivers to potential issues before they escalate. Furthermore, improved performance is achieved as real-time feedback from these sensors optimises the Anti-lock Braking System (ABS) and traction control, resulting in a smoother driving experience. Predictive maintenance is another benefit, with sensors anticipating maintenance needs, thereby reducing both downtime and costs, which is especially advantageous for commercial fleets. Additionally, from a sustainability perspective, smart technologies support the design of more efficient and longer-lasting tyres, reducing waste and enhancing fuel efficiency.”
Furthermore, electrification and alternative fuels at the forefront for the automotive industry also means tyre makers are expected to further cut down on emissions, especially tyre emissions (particulate matter). This means the industry is looking not only for newer chemistries and eco-friendly materials but also the way tyres are designed, friction and recyclability.
As an ER&D partner for the automotive and tyre industry, LTTS stated that addressing particulate matter emissions and enhancing sustainability requires a comprehensive approach using several key strategies.
Firstly, the use of sustainable materials, such as renewable and bio-based materials like natural rubber and recycled components, becomes essential. Incorporating these materials not only reduces environmental impact but also supports the circular economy. Secondly, designing tyres with reduced rolling resistance improves fuel efficiency and minimises emissions, contributing significantly to sustainability efforts.
“Additionally, advanced manufacturing processes that incorporate energy-efficient production methods and reduce the use of toxic substances are critical in lowering the carbon footprint associated with tyre production. Lastly, the efficient development of tyres through Artificial Intelligence (AI) and Machine Learning (ML) optimises overall development efficiency and resource utilisation, thereby enhancing sustainability on multiple fronts. These strategies collectively form a robust framework for advancing tyre sustainability and mitigating environmental impacts. By focusing on these areas, the tyre industry can make significant strides towards sustainability and reducing its environmental footprint,” concluded an optimistic Shrivastava.
Epsilon Carbon Appoints Munish Kumar Rathi As President And Business Head For Carbon Black
- By TT News
- May 29, 2026
Epsilon Carbon Pvt. Ltd. has announced the appointment of Munish Kumar Rathi as its new President and Business Head for Carbon Black.
With more than 25 years of extensive global leadership experience, Rathi brings a strong background in profit and loss management, multi-site manufacturing leadership, strategic planning and business transformation. His career is marked by a demonstrated ability to drive operational excellence and foster sustainable growth across various international markets.
The company is anticipating that his leadership will play a key role as Epsilon Carbon continues to expand its global footprint and accelerate innovation within the carbon black business segment. The organisation has formally welcomed Rathi to the team, expressing confidence in his capacity to guide future strategic initiatives. This move underscores Epsilon Carbon’s commitment to strengthening its leadership team in pursuit of long-term global competitiveness.
TVS Srichakra Approves INR 2.2 billion Capacity Expansion For Madurai plants
- By Sharad Matade
- May 28, 2026
TVS Srichakra has approved capital investment of up to INR 2.2 billion to expand production capacity at its manufacturing facilities in Vellaripatti, Madurai.
The expansion will cover the company’s two-wheeler tyre and off-highway tyre plants, with investment of up to INR 1.1 billion allocated to each facility.
TVS Srichakra said the two-wheeler tyre plant currently has capacity of about 21 million to 23.5 million tyres a year and operates at utilisation levels of around 80 to 85 percent. The company plans to add about 5 percent capacity, with completion targeted in the first half of FY2028-29.
The off-highway tyre plant has existing capacity of about 75 to 85 metric tonnes a year and operates at utilisation levels of 75 to 80 percent. TVS Srichakra plans to increase capacity at the plant by about 25 percent, with the addition scheduled for the first half of FY2027-28.
The company said the investment would be financed through a combination of internal accruals and debt.
TVS Srichakra said the expansion is intended to meet growing demand for its two- and three-wheeler tyres and off-highway tyre products.
JK Tyre Reports Record FY26 Revenue of INR 163.84 Bln, Q4 PAT Jumps 94%
- By TT News
- May 27, 2026
JK Tyre & Industries reported record consolidated revenue of INR 163.84 billion for FY26, registering an 11 percent year-on-year increase, supported by strong domestic demand and volume growth across key tyre segments.
The company’s consolidated EBITDA rose 25 percent to INR 20.89 billion, with EBITDA margin improving to 12.8 percent.
Profit before tax increased 46 percent to INR 10.43 billion, while profit after tax climbed 52 percent to INR 8.60 billion during FY26.
For the fourth quarter, consolidated revenue rose 12 percent year-on-year to INR 42.33 billion.
Quarterly EBITDA surged 42 percent to INR 5.46 billion, with margin at 12.9 percent, while Q4 PAT nearly doubled, rising 94 percent to INR 1.99 billion.
Chairman and Managing Director Dr Raghupati Singhania described FY26 as a year of robust performance, highlighting record volumes in both truck and bus radial and passenger car radial categories.
Domestic sales volumes during Q4 grew 21 percent overall. Truck and bus radial replacement volumes increased 53 per cent, while OEM demand in the segment rose 23 percent. Passenger car radial replacement volumes were up 26 percent and OEM demand increased 10 percent.
The company said growth momentum was expected to continue into FY27, supported by new vehicle launches, infrastructure development and sustained replacement demand.
JK Tyre also highlighted strong traction in electric mobility. More than 70 per cent of electric buses operating in India currently run on its tyres, while the company supplies EV tyres to nearly eight two-wheeler OEMs and has secured orders for electric passenger vehicle models including Renault Duster EV, Hyundai Creta EV and Tata Motors’ Nexon and Punch EV variants.
Its Mexico business, operated through JK Tornel, contributed nearly 20 per cent of consolidated revenue and is expected to maintain growth across Mexican, Latin American and US markets.
- David Cichocki
- Anne Forristall Luke
- The Goodyear Tire & Rubber Company
- U.S. Tire Manufacturers Association
Goodyear Executive David Cichocki Elected to USTMA Board
- By TT News
- May 21, 2026
The U.S. Tire Manufacturers Association (USTMA) has elected David Cichocki, Managing Director, Americas, and chief sales officer, Americas Consumer, at The Goodyear Tire & Rubber Company, to its board of directors.
“I’m pleased to welcome David to our Board. His extensive experience and expertise across the tire and consumer goods industries will be invaluable as we navigate today’s complex industry,” said Anne Forristall Luke, USTMA president and chief executive. “His proven leadership will strengthen our ability to seize emerging opportunities.”
Cichocki joined Goodyear in early 2026 and is responsible for overseeing the Americas region and leading the company’s Americas Consumer sales business.
He brings more than 30 years of leadership experience across industrial and consumer goods companies to the USTMA board.
Before joining Goodyear, Cichocki served as senior vice-president of US sales at Whirlpool, where he managed a portfolio valued at more than $10bn across retail and direct-to-consumer channels.
He also spent more than 20 years at Kraft Foods and Nabisco in a range of senior leadership roles.


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