Goodyear India Undergoes Strategic Farm Tyre Business Review

Goodyear India Ltd has announced a strategic evaluation of its farm tyre division, initiated by its US-based parent company. This review aims to explore strategic, operational, and financial opportunities. There is no guarantee of any resulting transactions. Goodyear, operational in India for over a century, serves major tractor and OEM segments.

Goodyear India Ltd has revealed that its US-based parent company is set to embark on a comprehensive review of its farm tyre business.

This strategic initiative, disclosed in a regulatory filing, aims to identify potential strategic, operational, and financial avenues for growth.

The outcome of this review is currently unknown, with no certainty of follow-up actions. Celebrating over 100 years in India, Goodyear operates two plants and serves as a key supplier in the farm and passenger vehicle segments.

(With inputs from agencies.)