The 14th edition of TyreXpo Asia, held from 12 to 14 March 2025 at the Sands Expo and Convention Centre in Singapore, took the event to a new high. Organised by Informa Markets, the top-tier event boasted more than 250 participants and more than 6,000 industry experts from over 90 countries and established itself firmly as one of the prominent events for the world’s tyre, automotive repair and maintenance businesses.

CENTRAL POINT OF INDUSTRY INNOVATION AND NETWORKING

TyreXpo Asia 2025 was a vast platform to showcase the most recent developments in tyres, car repair equipment, tools, parts and accessories. The exhibition grounds had innovative start-ups, established companies and industry leaders who unveiled ground-breaking technologies transforming the world tyre business. Visitors had the opportunity to experience these innovations firsthand, see the latest trends and stay ahead in a competitive business.

The significance of the event was driven by its host city’s prime position in Southeast Asia’s auto cluster leader Singapore. World-class infrastructure and access ensured that world-class international buyers, together with regional players, found the platform the ideal one-stop shop. The event was a resounding success at its last staging with near 5,000 executives from 91 countries represented, and it was addressing every aspect of the tyre, vehicle and related industries. This year, the organisers saw an even larger response, which shows how more and more important the Asia-Pacific region is to the global tyre market.

EXHIBITION HIGHLIGHTS AND PARTICIPATING BRANDS

The gigantic 15,000 square metre exhibition space hosted over 500 international tyre firms, including renowned entities such as Alves Bandeira, American Pacific Industries, Davanti, Deestone, Evergreen, Guizhou Tyre Co. Ltd., Hubei Aulice Tyre Co. Ltd., JGL Worldwide, LingLong Tire, Max Rubber, Momo Tires, Nexen Corp, Ozka, Petlas, Prinx Chengshan, Stamford Tyres, Tercelo, Transamerica, Roadone, Armour, Yongsheng, Wholesale Tire Distributors, ZC Rubber and Zodo Tire.

These exhibitors presented a great variety of products, ranging from passenger car radial tyres to truck, bus and off-the-road tyres, tyre accessories and maintenance tools. The event provided the participants with a complete overview of the latest products and services that supply the market, enabling business development and collaboration between manufacturers, distributors and inventors.

CONFERENCE PROGRAMMES AND KNOWLEDGE SHARING

In addition to the exhibition, TyreXpo Asia 2025 also featured a robust conference programme designed to facilitate knowledge sharing and industry information. The Tyre Technical Seminar delved into tyre technology advancements and industry innovations, closing the knowledge gap in downstream technicalities with dedicated tracks. The Tyre Business Forum also featured sessions on market trends, sustainability, digitalisation and mobility’s future.

These sessions provided attendees valuable information on the rapidly evolving tyre manufacturing and design developments. The experts discussed advances in artificial intelligence, 3D printing and new material sciences that were transforming tyre performance. The event was centred on enabling industry participants to gain the necessary knowledge to remain ahead of the change and take advantage of the new opportunities.

NETWORKING OPPORTUNITIES AND BUSINESS MATCHING

TyreXpo Asia 2025 placed a major emphasis on forging genuine connections in the global tyre industry. Networking sessions were a part of the event that helped bring together distributors, manufacturers, retailers and innovators, allowing them to exchange knowledge and form strategic partnerships. A business matching platform powered by AI was available through web and mobile app, simplifying meetings and maximising business interaction before and during the show.

The Hosted Buyer Programme was also an element, welcoming 120 international hosted buyers, from fleet managers to purchasing directors, wholesalers and distributors, to meet with key decision-makers. The programme supported buyers by pre-paying travel expenses, ensuring a hassle-free and affordable experience that fostered business growth and collaboration.

COMMITMENT TO SUSTAINABILITY AND SOCIAL RESPONSIBILITY

TyreXpo Asia 2025 demonstrated its dedication to corporate social responsibility with activities, such as the Flip Tyre Challenge, for the benefit of the Singapore Children’s Society. The activity was not only to highlight endurance and strength but also to build community. For every SGD10 collected per tyre flip, the people involved were supporting the Singapore Children’s Society directly, further making the event about doing good beyond the industry.

Sustainability was a recurring theme throughout the event, with recycling, equipment and retreading being addressed. The recycling sector witnessed positive interest, with Eldan Recycling and Gradeall experiencing high interest in their products, reflecting the growing demand for recycling and waste management in the region. With the sector under pressure to be more sustainable, TyreXpo Asia 2025 aimed to provide a comprehensive platform for addressing these pressing issues.

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Sumitomo Rubber Industries, Ltd. has announced that its Board of Directors has approved a forthcoming change to its representative leadership at a meeting on 25 December 2025, pending formal ratification at the Annual General Meeting of Shareholders scheduled for 26 March 2026.

The shift is part of a planned reorganisation of the company’s management framework effective from that date. Under the new structure, current Director and Senior Executive Officer Yasuaki Kuniyasu is slated to be appointed as the new Representative Director, President and CEO. Concurrently, the present President and CEO, Satoru Yamamoto, is expected to transition to the role of Representative Director and Chairperson of the Board.

Yasuaki Kuniyasu, aged 56, began his career with the company in April 1992. His tenure includes significant leadership roles, such as General Manager of the Tyre Technology Headquarters and, from January 2023, General Manager of the Corporate Management Planning & Administration Department. He has served as a Director and Senior Executive Officer since March 2023 and held 8,400 shares in the company as of 30 June 2025.

This planned succession aims to establish a renewed executive team to guide the company forward under its new governance model.

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Hankook Tire has secured a top-tier ‘A’ rating from the Carbon Disclosure Project (CDP) in Climate Change category for the second year in a row, affirming its status as a global leader in environmental stewardship. The CDP assessment is among the world’s most authoritative benchmarks for corporate sustainability, evaluating governance, emissions reduction and transparency. Hankook’s achievement reflects its comprehensive approach to managing climate impacts throughout its entire value chain, from raw materials to end-of-life tyre management.

This recognition is underpinned by a robust, long-term strategy targeting net-zero emissions by 2050. In 2023, the company’s near-term 2030 goals and its 2050 net-zero ambition were formally validated by the Science Based Targets initiative (SBTi). Governance is central to this progress, with a dedicated Board-level Climate Change Committee ensuring climate risks and opportunities are integrated into core business decisions and that reduction progress is meticulously tracked and disclosed.

Operationally, Hankook is transforming its global production towards sustainable systems. It pioneered the International Sustainability & Carbon Certification (ISCC) PLUS in the tyre industry at its Geumsan Plant in 2021, a milestone since extended to facilities in Hungary and Daejeon. This establishes a certified framework for manufacturing sustainable tyres across consumer, original equipment and motorsport segments.

Complementing these efforts, Hankook is driving material innovation through strategic partnerships. The company is collaborating with firms like ROTOBOOST and Solvay to develop next-generation, low-carbon materials such as turquoise hydrogen-based carbon black and circular silica. It is also engaging in national research consortia to scale promising carbon reduction technologies. These initiatives are part of Hankook’s broader circular economy vision, branded E.Circle, which focuses on reducing fossil fuel dependence, conserving natural resources and systematically cutting carbon emissions.

Hankook’s leadership has garnered significant external validation. It earned the highest environmental accreditation from the Fédération Internationale de l’Automobile and was named one of the World’s Most Sustainable Companies of 2024 by TIME and Statista. Together, these accomplishments demonstrate how Hankook Tire is embedding sustainability into its corporate identity to build long-term value and industry-wide resilience.

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ULTIMATE GREEN XT tyre has won two awards at the Awards, receiving Sustainable Product of the Year and being Highly Commended in the Innovative Product of the Year category.

The awards were presented last week in Dubai and add to earlier recognition for the product, which received the Best Innovation in Sustainability award at in Chicago earlier this year.

The Sustainable Product of the Year and Innovative Product of the Year categories recognise products that demonstrate environmental responsibility and technological innovation in the global automotive and mobility industry. The judges cited the tyre’s use of environmentally friendly materials and its reduced environmental impact.

The ULTIMATE GREEN XT, identified by its green colour, has been developed with a focus on sustainability while maintaining performance, durability and safety standards. The Sustainable Product of the Year award reflects its contribution to more sustainable mobility solutions, while the innovation commendation highlights its design and engineering approach.

Automechanika Dubai is the largest international trade fair for the automotive aftermarket across the Middle East, Africa and South Asia, bringing together manufacturers, suppliers and industry leaders. Recognition at the event underlines the international profile of the ULTIMATE GREEN XT following its earlier award in the United States.

Barry Guildford, global commercial director of GRI Tires, said, “This recognition at Automechanika Dubai is a proud milestone for GRI. The ULTIMATE GREEN XT reflects our vision of delivering innovative tire solutions that support sustainability while meeting the evolving needs of our customers worldwide.”

GRI said it would continue to invest in research and development aimed at advancing sustainable tyre technologies, following the continued recognition of the ULTIMATE GREEN XT in international markets.

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The rollout of GST 2.0 marks a defining moment in India’s economic journey – a reform that may well prove even more consequential than the original introduction of the Goods and Services Tax. Especially for a sector like tyres, the recent reduction in (GST) on tyres is far more than just a change in numbers. It is a transformative step that touches every wheel turning on India’s roads – from a farmer’s tractor to a trucker’s long-haul trailer and from a commuter’s scooter to a construction vehicle powering the nation’s infrastructure.

For years, tyres were taxed at 28 percent – the highest GST slab, clubbed with luxury and demerit goods. This categorisation never truly reflected the essential role tyres play in our everyday lives. Tyres are not a luxury. They are a fundamental enabler of mobility, supporting the movement of people and goods across cities, towns and villages. By bringing GST rates on tyres down to a more rational level, the government has addressed a long-standing anomaly and set the stage for widespread benefits across the economy.

The most visible impact of this move will be felt on the ground – literally. Lower GST means more affordable tyres for all users. Especially for transporters and fleet operators, tyres account for a significant chunk of vehicle running costs. A reduction in tax translates into lower replacement costs, freeing up working capital and improving operational margins. Farmers, small traders, delivery personnel, service providers, transporters – every segment that relies on mobility will feel this relief.

India has been working hard to bring down logistics costs, which are believed to be about 13–14 percent of GDP – much higher than global benchmarks. Tyres have a direct bearing on vehicle operating efficiency, fuel consumption and maintenance schedules. When tyres become more affordable, operators can replace tyres on time, and run vehicles more efficiently.

This naturally leads to lower logistics costs. Reduced logistics costs ripple across the value chain, helping industries move goods faster and at lower cost. This aligns perfectly with India’s ambition to become a more globally competitive manufacturing and trading hub.

Tyre industry’s story is not just urban – it’s deeply rural as well. Tractor tyres, power tiller tyres and tyres for animal-drawn vehicles are integral to the agricultural economy. A reduction in GST brings meaningful relief to farmers and small cultivators who rely on these tyres for their daily operations. By easing this cost, the government has extended direct support to rural mobility and agricultural productivity – an often underappreciated but critical outcome of this reform.

One of the most powerful yet often overlooked impacts of this decision lies in road safety. Worn-out tyres are a major cause of road accidents, particularly on highways. High replacement costs often lead to tyres being used well past their safe life.

With lower GST making new tyres more accessible, both individual motorists and commercial fleet owners are more likely to replace tyres on time, keeping vehicles safer and reducing accident risks. This complements the government’s broader road safety agenda, making highways not just faster but safer for everyone.

For the Indian tyre industry, which is one of the largest in the world, this reform is a game changer. It creates a more balanced tax structure, supports better cash flow, improves compliance and strengthens the competitiveness of domestic manufacturers. It will also encourage investment and capacity expansion, enabling the industry to serve growing domestic demand and tap export opportunities more effectively.

The GST reduction on tyres is a strategic, forward-looking policy decision that will benefit the entire mobility ecosystem. It acknowledges the essential role tyres play – not just as a product, but as a critical enabler of transportation, logistics, rural livelihoods and road safety.

As this reform takes root, its positive impact will be felt by consumers, businesses, farmers and industries alike. The tyre industry, represented by ATMA, welcomes this move wholeheartedly and remains committed to working alongside the government to strengthen India’s journey towards affordable, efficient and safe mobility for all.

The author is Director General of the New Delhi-based tyre industry association, Automotive Tyre Manufacturers’ Association (ATMA).The views expressed here are personal.

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