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Goodyear said the board is considering both internal and external candidates to succeed Kramer, who has served as the CEO since 2010. Kramer will also step down as president and chairman.
Ceat Q2 Results: Analysts had anticipated an average profit of INR 152 crore, according to LSEG data. Total quarterly expenses decreased by 2.5%, primarily due to a 13.6% reduction in input costs
Yokohama India Managing Director and CEO, Harinder Singh, stated that the company supports the government's ban on tyre imports and aims to capture a larger share of the premium SUV market by offering locally manufactured, high-end tyres. The move towards localisation helps reduce costs, lead times, and dependency on imports.
In the fourth quarter, the company's consolidated net profit surged over two-fold on year to Rs 112 crore, aided by robust demand in the domestic market for both passenger and commercial vehicle radial tyres
Analysts believe that raw material price correction helped margins. Gross margin expanded to 40.1 percent in the March quarter, increasing 658 basis points from the year-ago period and 556 bps from the December quarter