Monday, April 21, 2025

Goodyear looks to sell India farm tyres biz for Rs 2,500 crore

Goodyear Tire & Rubber is considering selling its Indian farm tyre business after previously divesting its OTR business to Yokohama. The strategic review values the farm tyre division, a market leader with a 50% share, at ₹2,500-2,700 crore. This move is part of a larger portfolio optimisation effort driven by activist shareholder Elliott, aiming to streamline operations and cut costs.

from Auto-Industry-Economic Times https://ift.tt/NhSeIVK

No comments:

Post a Comment

Maruti Suzuki announces price protection for small cars booked till June 14

Maruti Suzuki India is offering price protection on its small car range until June 14, 2026. This initiative aims to shield entry-level buye...