The Gurgaon-based tyre major has received accreditation for the wet grip and coast by noise tyre tests on the track. It has already been aggressive in the European market with two manufacturing plants and one R&D centre. With investments, Apollo Tyres is ramping up its testing capabilities to develop tyres for across the segments, including premium passenger, commercial vehicles, high-end motorcycles and off-highway tyres. “The tyre manufacturers are depending on the international labs for advanced characterisation and labelling tests specific to tyres. Thus, investment in both advanced tyre testing as well as labelling infrastructure is needed in this country for quick product development, not only for compliance to latest Indian regulations but also to meet the stringent regulations in other countries and thereby promoting tyre export,” says Daniele Lorenzetti, Chief Technology Officer, Apollo Tyres Ltd in an interview with Motoring Trends.

Last month, Apollo Tyres became the first Indian tyre manufacturer to get the coveted accreditation from NABL for outdoor labelling tests in India. The company has now been accredited with ISO/IEC 17025 for the wet grip and coast by noise tyre tests on the track. This accreditation is extended for testing different tyre categories for vehicles such as passenger, light truck, commercial (C1, C2 & C3) classes, farm and motorcycle. This testing capability is linked to the Indian government’s plan to implement the ‘Star Rating’ of tyres, in line with the tyre labelling regulation in Europe.

According to Daniele Lorenzetti, Chief Technology Officer, Apollo Tyres Ltd, the growing focus of the automobile manufacturers on fuel efficiency, higher performance on ride and comfort, and safety is fuelling demand for more tyre component level testing. “Light-weighting in automobiles can alter transfer path for noise and vibration into the cabin, calling for corresponding modification in tyre design. Along with the introduction of AIS 142 standard, similar to EU R117 for labelling of the tyre, huge outdoor testing infrastructure is required, especially in proving grounds,” said Lorenzetti.

Electric Vehicle (EV) related challenges of higher weight, NVH concern, higher torque requirement and subsequent wear rate and battery life would be substantial concerns to tackle during the development process, stated the Apollo Tyres executive. “Similarly, for reducing the number of physical tests, simulation and modal development need to be evolved. Adequate testing infrastructure for validation of simulation and advanced characterisation is also simultaneously required. Hence, more indoor advanced testing infrastructure is required for NVH (Noise, Vibration and Harshness), F&M (Force and Moment) and traction performance validation,” added Lorenzetti.

Today, safety and convenience features are not limited to premium vehicles but are also provided in mid-level and entry-level vehicles, and the same trend is evident in India. Hence, while increasing capability, testing capacity also needs to be enhanced, thinks Lorenzetti.

Indian tyre manufacturers and testing services have basic levels of testing capacity such as safety requirements, durability, braking strength and dimensions. With the Indian government’s NATRIP (National Automotive Testing and R&D Infrastructure Project), vehicle and component level testing facilities have improved. “The tyre manufacturers are depending on the international labs for advanced characterisation and labelling tests specific to tyres. Thus, investment in both advanced tyre testing and labelling infrastructure is needed in this country for quick product development, not only for compliance to latest Indian regulations but also to meet the stringent regulations in other countries and thereby promote tyre export,” explained Lorenzetti.

Like the automobile industry, the tyre industry’s evolution at a broader level depends on economic, social, cultural, technological and climatic changes. The Indian tyre Industry is also evolving with the Indian macro-economic growth, advancements in technology, increasing emphasis on sustainable environmental practices and policy, and institutional and regulatory requirements.

Currently, the tyre industry is going through a highly challenging period, with lockdowns across Indian states owing to the second wave of the Covid-19 pandemic. While this impacts the demand side, pressure on the margin front is also felt due to the rising raw material prices.

However, with the Indian government’s reinvigorated policies and programmes such as “Atmanirbhar Bharat”, localisation push, EV subsidy, economic stimulus package to thwart pandemic crisis and vehicle scrappage policy, the automotive industry in India is poised to grow at a higher trajectory. “Shift in customer preference to private vehicles from public transport and shared mobility owing to Covid might also generate an uptick. We are optimistic with the and its positive effect on the tyre industry,” said Lorenzetti.

Tyre technology is also evolving in tandem with the automobile industry to pursue higher fuel efficiency, higher performance, driver safety, vehicle stability, light-weighting and heavy load carrying capacity. Additional advanced features such as vehicle connectivity and electrification of functions are also taking place at OEMs, which calls for intelligent talking tyres.

“Unlike in the past, the Indian vehicle market is now fast evolving. Earlier, customers had very few variants/choices available. Now, many models are introduced that call for higher bandwidth of resources. The premium segment is also poised for faster growth, and so comfort, without compromise on traction and durability, is added into the performance requirement list for tyres,” said Lorenzetti.

Indian government’s policies and regulations for sustainable growth are now major drivers for evolution in India. It has already issued a draft notification proposing new tyre norms as a part of the Automotive Indian Standards (AIS) 142:2019. The proposal states that tyres of all cars, buses and trucks shall meet the requirements of rolling resistance, wet grip and rolling sound emissions, in line with the limits of the European regulations.

Virtual testing is also gaining traction in the auto industry as it saves development time and money and gives flexibility to engineers. Global launches, stiff competition, legal compliance to emissions, demand for more electrification and self-driven vehicles push the development process shorter than ever. The time available for development is becoming shorter and shorter. At the same time, the demands set for the characteristics of a car are becoming increasingly stringent, as is the bandwidth required for various models and variants of vehicles. So, virtual proving is the key to faster product development while tackling tyre testing capacity constraints.

“However, simulation is as good as its verification and validation. Verification is the process of determining that a model implementation and its associated data accurately represent the developer’s conceptual description and specifications. Validation is the process of determining the degree to which a simulation model and its associated data are an accurate representation of the real world from the perspective of the intended uses of the model. Hence, adequate characterisation testing capability is also simultaneously required for wide-spread application of simulation,” said the CTO of Apollo Tyres.

Apollo Tyres is an Indian company that has been expanding aggressively in the European market. Today, the company has seven manufacturing plants – five in India and two in Europe (Hungary and the Netherlands).

Being a preferred partner for global OEMs, Apollo Tyres is continuously enhancing testing capabilities at its state-of-the-art R&D centres. With the two global R&D centres at Chennai, India and Enschede, Netherlands, the company aims to meet discerning OEM needs. “With the synergies between the two R&D centres, and its advanced testing capabilities, we continuously develop winning products and new technologies while also being at the forefront of meeting new regulatory requirements,” said Lorenzetti.

The company’s extensive investments in tyre testing not only help it in developing tyres for premium luxury passenger and commercial vehicles but also high-end motorcycles and off-highway tyres (OHT). “At our R&D centre, characterisation capabilities are continuously developed for the determination of traction, NVH, F&M, ride and handling, comfort, tread wear, fuel efficiency, durability and footprint,” added Lorenzetti.

Automotive test centres with large proving grounds funded by the Indian government are already evolved in India. Its NATRIP project aims to create core global competencies in the automotive sector in India by facilitating seamless integration of the Indian automotive industry with the world through setting up of state-of-the-art automotive testing, homologation and R&D infrastructure facilities.

Collaborations at various levels are also taking place to further enhance the vehicle test centres to tyre-specific test facilities. Earlier, Apollo collaborated with one of the test centres of the Indian government to pioneer the indigenisation of tyre labelling and certification tests in India. Similar collaboration would be beneficial for the industry to evolve faster.

“While large vehicle OEMs have their own limited proving grounds, the massive investment and maintenance requirement for this kind of infrastructure may be challenging for tyre companies to set up. Though collaboration among leading tyre companies would be a welcome scenario, the scale and size of the industry need to be evolved for such a tie-up,” said Lorenzetti.

The EV segment brings its own challenges with the higher weight of vehicles, NVH concern due to fewer and lesser noisy components, higher torque requirement and subsequent wear rate, and battery life. Apollo Tyres is gearing up for the same with capital intensive testing facilities such as “flat track” for traction, F&M tests and hemi-anechoic chamber for NVH tests. Apollo Tyres’ test machines are specially designed with multiple features, such as the very high torque ramp-up rate to match the futuristic EV requirements.

“It is heartening to note that major premium OEMs wholeheartedly partner with Apollo Tyres for joint development of products, featuring advanced technologies and engineering. We are committed in our endeavour to be the trusted partner for our esteemed customers and society at large by enhancing value with best-in-class efficiency through sustainable models for environment conservation,” said Lorenzetti. (MT)

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Automotive wholesales for May 2025 showcased a dynamic landscape for the Indian automotive industry, with OEMs experiencing distinct sales trajectories. From significant growth in the two-wheeler segment to some PV makers facing headwinds, the month provided an indicative picture of shifting consumer preferences and market conditions.

Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, dispatched 507,701 motorcycles and scooters in May 2025, showing both sequential and annual growth. The company maintained strong market momentum with 500,000 VAHAN registrations.

Hero MotoCorp's global retail performance also showed robust momentum, particularly in Bangladesh and Colombia, with exports maintaining a steady trajectory. The electric vehicle brand, VIDA, powered by Hero MotoCorp, delivered growth with dispatches of 8,361 units and 7,161 VAHAN registrations for the VIDA V2 electric scooter range, achieving a 7.2 percent VAHAN market share.

Honda Motorcycle & Scooter India (HMSI) recorded total sales of 465,115 units in May 2025. Domestic sales for HMSI stood at 417,256 units. The company's exports contributed 47,859 units to the total sales figure.

TVS Motor Company demonstrated impressive overall sales growth in May 2025, increasing by 17 percent to 431,275 units from 369,914 units in May 2024. Domestic two-wheeler sales registered growth of 14 percent, increasing from 271,140 units in May 2024 to 309,287 units in May 2025. Motorcycle sales saw a 22 percent increase to 211,505 units, scooter sales grew by 15 percent to 166,749 units and electric vehicle sales surged by 50 percent to 27,976 units. The company's international business (exports) also saw growth of 22 percent.

Royal Enfield experienced a significant surge in May 2025, posting monthly sales of 89,429 motorcycles, marking a robust 26 percent increase compared to the same month last year. The company's domestic sales contributed significantly to this performance. A key driver for this growth was the outstanding performance in exports, which soared by 82 percent to 13,609 motorcycles, up from 7,479 units in May 2024.

Maruti Suzuki India, the country’s largest passenger vehicle maker, reported total sales of 180,077 units in May 2025, demonstrating a 3.17 percent growth compared to 174,551 units sold in May 2024. Domestic sales, including Light Commercial Vehicles (LCV), stood at 138,690 units, experiencing a 5.46 percent decline from 146,694 units in May 2024. Sales to other OEMs also saw a marginal dip of 3.07 percent, reaching 10,168 units in May 2025. Conversely, exports surged by 79.76 percent YoY, totalling 31,219 units in May 2025 compared to 17,367 units in May 2024. Within passenger vehicles, while the Mini and Compact segment saw a decrease in sales, the Utility Vehicles segment demonstrated slight growth.

Tata Motors presented a contrasting picture, with total sales in the domestic and international markets for May 2025 standing at 70,187 units, a decline from 76,766 units in May 2024. Domestic sales for Tata Motors were 67,429 units, with Commercial Vehicle (CV) domestic sales at 25,872 units (a 9 percent year-on-year decrease) and Passenger Vehicle (PV) sales at 42,040 units (an 11 percent decline). In terms of international business for commercial vehicles (CV IB), Tata Motors saw a significant increase of 87 percent to 2,275 units.

Hyundai Motor India (HMIL) reported total monthly sales of 58,701 units in May 2025. Domestic sales for HMIL were 43,861 units. The company noted that the availability of some critical models was impacted due to a scheduled biannual plant maintenance shutdown during the month. Export sales for HMIL reached 14,840 units.

Mahindra & Mahindra, the SUV specialist, reported robust sales performance in May 2025, with overall auto sales reaching 84,110 vehicles, marking a significant 17 percent YoY growth. This was largely driven by the Utility Vehicles (UV) segment, which saw domestic sales rise by 21 percent to 52,431 units, contributing to a total of 54,819 UVs sold including exports. The commercial vehicles segment also performed well domestically, recording 21,392 units. Exports saw exceptional growth, surging by 37 percent to 3,652 units in May 2025.

Toyota Kirloskar Motor (TKM) continued its positive sales momentum in May 2025, reporting a total of 30,864 units sold, a 22 percent growth over May 2024. Domestic sales played a crucial role, reaching 29,280 units. The company also contributed to exports with 1,584 units.

Kia India maintained its strong growth trajectory for the fifth consecutive month in May 2025, dispatching 22,315 vehicles in the domestic market. This performance reflects a healthy 14.43 percent year-on-year growth when compared to the 19,500 units sold in May 2024.

Ashok Leyland saw a 5 percent increase in its total domestic vehicle sales in May 2025, reaching 14,534 units, up from 13,852 units in May 2024. This growth was primarily driven by its Medium and Heavy Commercial Vehicle (M&HCV) segment, with M&HCV Trucks increasing by 12 percent to 7,466 units and M&HCV Buses growing by 1 percent to 1,920 units. Light Commercial Vehicle (LCV) domestic sales experienced a slight decrease of 3 percent to 5,148 units.

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Reporting a revenue of over INR 500 billion for the first time, up 12 percent year-on-year, on the basis of automobiles are spares in FY25, Bajaj Auto Ltd has revealed that volumes rose seven percent YoY during the respective period with a strong performance in the first half and a relatively soft performance in the second half.

Observing a solid rebound (double digit volume and revenue growth) in exports, the Pune-based company earned an all-time high EBITDA of INR 101 billion, up 14 percent YoY. PAT also hit a new record at over INR 80 billion. With a revenue of around INR 55 billion from electric vehicles (20 percent of its domestic), the company, with a full PLI certified portfolio, underlined its organisation agility and adaptability with significantly improved unit economics in a journey spanning over the last three years.

With the refreshed Duke 200/250 and the new Adventure 390, the KTM portfolio of Bajaj Auto experienced strong momentum in FY25. Also the Triumph motorcycle portfolio with sales up 60 percent YoY. The KTM and Triumph motorcycles sold one lakh units domestically

The commercial vehicles portfolio of the company comprising mainly of three-wheelers saw a revenue increase of over INR 100 billion. It combined the tradition ICE vehicle business and the newly developed electric vehicle business. The launch of GoGo electric three-wheeler and a wide network of over 850 dealerships helped to increase the momentum.

Image for representative purpose only. 

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Disruptive events such as the Red Sea crisis and the Russia-Ukraine war have caused a need to have a closer look at the role of Chief Financial Officers (CFOs). A renewed approach demands that CFOs act as a change catalyst within the automotive supply chain to tackle future hurdles. To ensure stability in the Indian automotive industry filled with technological advancements, especially in alternative energy vehicles, CFOs are acting as co-pilots of transformation in the Indian automotive supply chain, opined Former Additional Secretary of the Department of Commerce, Government of India, Anand Swarup, during the ACMA CFO and Supply Chain Conference on 28 May 2025, in New Delhi.

The event brought to the forefront discussions on how the role of CFO’s has been changing over the year and saw participation from speakers from different organisations, including Maruti Suzuki India CFO Arnab Roy, among others. 

The speakers highlighted the evolution of customer demands, market dynamics and innovation due to the volatile business environment. Speaking at the event, Partner and National Auto Tax Leader at EY India, Saurabh Agarwal, said, “The CFO no longer works as an accountant, but dons multiple hats such as a risk manager and a strategic partner for resilience.”

“The leader must focus on execution and being agile in a dynamic environment to build strong relationships with other departments and ensure faster time to market. Staying agile will help an OEM to better handle changing customer demands and be able to introduce new features and variants faster,” he added.

Enumerating how flexibility helps the CFO devise strategies for optimising auto production, managing risks and adapting to supply chain disruptions, Roy said, “Real-time decisions must be made in today’s volatile world. As a result, the CFO’s role is now expanding to cover a gamut of subjects such as sustainability, location strategy and choice of appliances. Since we are within a multi-dimensional environment at present, the CFO’s role is moving from a cost controller to a continuity architect.”

Further describing the changing role of a CFO in a volatile uncertain complex and ambiguous world, it was discussed that CFOs must act as change catalyst in the automotive supply chain. While enumerating the above, Anant Swarup said, “The CFOs are not naysayers and their image of being cost-cutting agents is gradually changing. They are supply chain whisperers and co-pilots of transformation. Data-driven risk modelling helps them make accurate future decisions and turns them into participative entities.”

The current world scenario mandates a CFO’s financial expertise to assess vendor performance, identify cost-saving opportunities and process improvements, analyse costs and mitigate supply chain risks. Alluding to the same, Roy explained, “The CFO can build a resilient supply chain through cash visibility and crisis foresight. Relocation with risk-adjusted precision is necessary as it helps prepare risk-adjusted return-on-investments models for various situations. The CFO must also build redundancies and incorporate inventory industrial planning into the company’s business plan. As the world de-globalises due to geo-political scenarios, auto manufacturers are being forced to reassess their supply chains.”    

“Seventy-five percent of automotive revenue is attributable to raw materials. Supply chain management provides a competitive edge. Yet another role for the CFO would be to optimise capital for crisis situations that may include geopolitical shifts,” Roy added.  Speaker Sunil Bohra, CFO, Uno Minda Group, while describing how CFO’s act as change catalyst in automotive supply chain, said, “Every automotive plant in India produces roughly 14,000 parts.” He explained that supply chain management must account for cost control and operational efficiency, leading to effective allocation of resources, high profitability and less waste. It is the supply chain-CFO partnership that decides the future of automotive companies and manufacturers.

Though geo-political scenarios are predominantly uncertain, CFO’s have the arsenal to make calculated decisions for mitigating risks. EY India Partner, Tax, Pankaj Jain, explained, “When changes happen at the geo-political level, we must take some calls. For example, one such concept could be focusing on developing tier II and tier III vendors in India.”

The speakers also discussed on how discipline and immense hard work during the entire shift has helped China reach where it is in the auto manufacturing sector. Highlighting the Indian scenario vis-a-vis China, President- Finance and Strategy at Minda Corporation, Ajay Agrawal, said, “India must stop trying to beat China in the manufacturing industry right now since we have only been in the supply chain business for 2-3 years. The best way forward is for us to partner with China.”  

A smart supply chain-CFO partnership is possible through digitalisation. The CFO's role today has undergone a paradigm shift, making him a partner of strategic convergence across the supply chain, finance and digitalisation as the partnership is no longer just an operational topic.

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Gurgaon-headquartered BMW India Financial Services, the subsidiary of the BMW Group, which focusses on retail finance, commercial finance and insurance solutions, has appointed Andreas Modlmayer as the new Managing Director and Chief Executive Officer.

He succeeds Jaejoon Lee, who successfully led the company as a leading end-to-end automotive financial solution for the BMW brand in the country.

Modlmayer has been associated with the BMW Group since 2000 and was the CEO of BMW Austria Bank in Greece. He has extensive leadership experience for BMW Group Financial Services and has worked across geographies such as New Zealand, China and Hong Kong. He started his career with BMW Bank Munich in Sales and Marketing function.

Lisa Ng, Regional Chief Executive Officer of BMW Group Financial Services for Asia Pacific, said, “Andreas Modlmayer brings with him valuable expertise and leadership acumen, with successful development of BMW Financial Services in diverse markets for over two decades. India is an important market for us, and we are confident that he will further add to the company’s growth as he takes charge of BMW India Financial Services.”

“We thank Jaejoon Lee for his immense contribution to BMW India Financial Services in the recent years. He successfully steered the company with new initiatives in product offerings and customer centricity and strengthened the foundation for future growth. We wish him all the best as he returns to BMW Korea once again,” added Ng.

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