What we do Goodyear India Ltd manufactures and markets automotive tyres and rubber products, including commercial, farm, and passenger vehicle tyres under the Goodyear brand. |
Founded in 1,961 |
Market share Leading player in Indian automotive and farm tyre market with strong brand positioning and growing volume. |
Problem solved Provides durable, innovative tyre solutions enhancing vehicle safety, performance, and fuel efficiency across varied terrains. |
Top clients or who we serve OEMs, commercial fleets, farm machinery users, and retail consumers in B2B and B2C segments within India and exports. |
Key management - |
Our journey and innovations Since 1961, introduced tubeless, radial tyres, farm tyres, and expanded retail footprint with innovative products like Assurance Max Guard. |
Where we operate Primarily in India with export markets in Asia. |
Top products or what we offer Automotive tyres (passenger, commercial), farm tyres, tubes, and flaps. |
Top brands Goodyear Assurance Max Guard (#1 in mid-size cars segment), Goodrock (industrial tyres), DuraPlus, Vajra Super. |
Raw materials needed Rubber, synthetic rubber, carbon black, chemicals, steel for tyre manufacture. |
Raw materials supplier Various domestic and international suppliers (specific names undisclosed). |
Recurring vs cyclical contribution Revenue largely cyclical with some recurring from replacements and fleet contracts. |
Our industry position Strong market leader in farm and commercial truck tyre segments with growing presence in passenger tyres. |
Financial highlights Revenue Rs. 2608 crore, Net Profit Rs. 55 crore in FY 2024-25; revenue grew 2.2% year-on-year. |
Geographical revenue split Majority revenue from India (Rs. 2545 crore), exports Rs. 33 crore. |
Order book - |
Whats driving growth Growth drivers include farm mechanization, SUV & premium vehicle adoption, government schemes, and technology innovation. |
Our future plans Expand retail stores nationwide, portfolio enhancement with new product launches, and deepen penetration in growth segments. |
Our green promise Investing in environment sustainability projects and promoting socially responsible initiatives. |
Our people and values Committed to professional, ethical culture, diversity, and continuous employee engagement and development. |
Key challenges ahead Challenges include competition, raw material cost inflation, market volatility, and climate uncertainties affecting farm sector. |
Interesting facts Recipient of Golden Peacock Award for Corporate Governance; introduced India's first 13 inch tubeless H-rated tyre in 1999. |
Risks and strategy Mitigating risks via product innovation, supply chain efficiency, portfolio diversification, and expanding market reach. |
