Goodyear India Limited has announced that its parent company, The Goodyear Tire & Rubber Company (USA), will undertake a strategic review of its farm tire business in India. The decision follows a brief meeting of the company’s Board of Directors on April 21, 2025, during which the board took note of communication from the parent company outlining plans to evaluate strategic, operational, and financial options for the farm tire segment.
In a filing with the Bombay Stock Exchange, Goodyear India stated that the outcome of this review remains uncertain and may or may not lead to any specific course of action. The company added that it will issue further updates as required under SEBI regulations and applicable legal frameworks.The board meeting that addressed this topic was held between 11:40 AM and 11:55 AM.
Goodyear India, a subsidiary of the US-based tire manufacturer, produces tires for a variety of sectors including agriculture. Its farm tire division supplies tires used in agricultural machinery and equipment across the country. The company is listed on the BSE under the code 500168.
India’s agricultural tire market has seen pressure in recent years due to fluctuating input costs, increased competition, and evolving farming methods. Industry experts note that several multinational tire companies are reevaluating their focus areas in response to broader market shifts. Goodyear India’s corporate headquarters is located in Gurgaon, Haryana, and its registered office is in Faridabad. The company has a long-standing presence in India, supplying tires for passenger vehicles, commercial transport, and farming equipment.
Goodyear ranks among the world’s leading tire manufacturers, with a workforce of approximately 71,000 employees and production facilities in 54 locations across 21 countries. The company operates two advanced Innovation Centers, located in Akron, Ohio, and Colmar-Berg, Luxembourg, dedicated to developing cutting-edge products and services that define industry standards for technology and performance.
