Profile: Goodyear India Ltd (GDYR.BO)

Goodyear India Limited is an India-based company that manufactures automotive tires, such as farm tires and medium commercial truck tires at its Ballabgarh plant. The other products, marketed and sold by the Company include tubes and flaps. It also trades in Goodyear branded tires (including radial passenger and off-the-road bias tires) manufactured by Goodyear South Asia Tires Private Limited (GSATPL) Aurangabad pursuant to an off-take agreement entered into with that company. During the year ended December 31, 2011, the Company sold 2.72 million of automotive tires, 35,000 of flaps and 1.628 million of automotive tubes. The Goodyear Tire & Rubber Company, (GTRC) has transferred its 74% interests in the Company to its wholly owned subsidy, M/s Goodyear Orient Company (Private) Limited (GOCPL), Singapore. On November 29, 2011 and subsequently the Company became the subsidiary of GOCPL and GTRC became the ultimate holding company.