Tyre Industry Expects Steady Growth

21 Nov 2024 CW Team

Export Momentum: Indian tyre exports remain robust, supported by competitive pricing and strong demand in international markets like the Middle East, Europe, and Southeast Asia.

Input Cost Moderation: Prices of key raw materials such as natural rubber and crude derivatives are stabilizing, easing cost pressures on manufacturers. This, coupled with operational efficiencies, is improving profitability margins.

Focus on Premiumization: Tyre makers are shifting towards premium products, catering to the growing preference for high-performance and specialty tyres.

Electric Vehicle (EV) Adaptation: The increasing penetration of EVs is pushing companies to innovate and diversify their product portfolios to cater to this emerging segment.

Challenges and Outlook: While the outlook is positive, challenges like fluctuating raw material prices, global economic uncertainties, and competition in export markets persist. However, the sector’s ability to maintain growth momentum is attributed to strong domestic fundamentals and strategic shifts toward value-added products.

CRISIL estimates that operating margins for tyre makers will improve by approximately 100 basis points this fiscal year, reflecting better cost management and pricing power. Investments in technology and capacity expansion are expected to sustain growth in the medium term.

This forecast underscores the tyre industry’s critical role in supporting India’s recovering auto sector and broader economic revival. Analysts remain optimistic about the sector’s resilience and adaptability in navigating both domestic and global market dynamics.

Key Drivers of Growth: Domestic Demand Surge: Rising vehicle production, especially in the commercial and passenger vehicle segments, is bolstering demand for tyres. Replacement demand is also witnessing a steady increase due to higher vehicle utilization. Export Momentum: Indian tyre exports remain robust, supported by competitive pricing and strong demand in international markets like the Middle East, Europe, and Southeast Asia. Input Cost Moderation: Prices of key raw materials such as natural rubber and crude derivatives are stabilizing, easing cost pressures on manufacturers. This, coupled with operational efficiencies, is improving profitability margins. Focus on Premiumization: Tyre makers are shifting towards premium products, catering to the growing preference for high-performance and specialty tyres. Electric Vehicle (EV) Adaptation: The increasing penetration of EVs is pushing companies to innovate and diversify their product portfolios to cater to this emerging segment. Challenges and Outlook: While the outlook is positive, challenges like fluctuating raw material prices, global economic uncertainties, and competition in export markets persist. However, the sector’s ability to maintain growth momentum is attributed to strong domestic fundamentals and strategic shifts toward value-added products. CRISIL estimates that operating margins for tyre makers will improve by approximately 100 basis points this fiscal year, reflecting better cost management and pricing power. Investments in technology and capacity expansion are expected to sustain growth in the medium term. This forecast underscores the tyre industry’s critical role in supporting India’s recovering auto sector and broader economic revival. Analysts remain optimistic about the sector’s resilience and adaptability in navigating both domestic and global market dynamics.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..