Goodyear India ltd: Tyre Company

Goodyear India Limited is a step-down subsidiary of The Goodyear Tire & Rubber Company, Akron, Ohio, USA (“GTRC”). Goodyear India ltd was originally registered and incorporated as a private company on October 10, 1922 and converted into a public company on March 24,1961.

Goodyear India ltd is engaged in the business of manufacturing and trading of tyres, tubes and flaps with manufacturing facility at Ballabgarh, Haryana, India. The Company is presently listed with the Bombay Stock Exchange (BSE Limited).

Goodyear India ltd Profile

Goodyear’s presence in India is over 90 years old, with two plants, one each in Ballabgarh and Aurangabad. In the passenger car segment, Goodyear India supplies tyres to many of the leading Original Equipment Manufacturers. Goodyear India has also been a pioneer in introducing tubeless radial tyres in this segment.

In the farm segment, in India, Goodyear tyres are supplied to all the major tractor companies. In 2010/11, Goodyear India was awarded the Superbrand status.

Goodyear India ltd is a leading player in India farm tyre market with a strong heritage as a global brand in a category dominated by local players. The Company has a high share of business with its OE customers which helps leverage strong consumer pull in the replacement market.

  • Registered address: Mathura Road, Ballabgarh (Dist. Faridabad) – 121004, Haryana
  • Website: www.goodyear.co.in
  • E-mail id: goodyearindia_investorcell@goodyear.com

The Company works with its key OEM customers on Raw Material Index (RMI) based pricing, driving trust and transparency. However, the Company has limited presence in Commercial category (Truck & Bus) which contributes to almost half of the tyre industry which limits its ability for portfolio selling and ability to mitigate risk of the Farm category.

Goodyear inaugurated its first mobile tyre service van on 26th Feb 2021 which is currently operational in Gurugram and Faridabad. Consumers can avail doorstep delivery of Goodyear tyres and other services like tyre installation, wheel balancing and puncture repair at their convenient time.

Goodyear is one of the world’s largest tire companies. It employs about 72,000 people and manufactures its products in 55 facilities in 23 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry.

Goodyear is founded by Frank A. Seiberling and enters its first home: a strawboard factory on the banks of the Little Cuyahoga River in East Akron, Ohio, USA. The company is named in honour of Charles Goodyear, who discovered the rubber vulcanization process in 1839. The company makes horseshoe pads, bicycle and carriage tyres, sealing rings for canning, fire hose and even rubber poker chips.

Chairman & Managing Director of Goodyear India

Mr. Sandeep Mahajan is the Chairman & Managing Director of Goodyear India Limited. He has over 30 years of experience in handling top Consumer brands. He has extensive P&L as well as sales and marketing experience, both in Indian and key global markets.

He has also been associated with launching new brands and categories in these markets.
Prior to his appointment as Managing Director, he was leading Consumer business and Farm & Commercial business for Goodyear India. Mr. Mahajan holds a Bachelor’s in Engineering (Mechanical) and a Post Graduate Diploma in Management from Indian Institute of Management, Bangalore.

Mr. Mahajan started his career with Tata Steel Ltd. and has had extensive sales & marketing experience at Hindustan Unilever Ltd. Prior to Goodyear, Sandeep was the General Manager at LG India which included building Rural business, leading Modern
Trade and setting up their extensive Brand Shops business.

List of top Tyre companies in India.

History of Goodyear India Ltd

Raveendran R
Editor @ Indiancompaies.in

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