Goodyear India Limited Reports First Quarter Fiscal 2022 Results

August 14, 2021 12:50 pm

Operating results impacted by Covid-19 related lockdowns in several major urban areas.

The Board of Directors of Goodyear India Limited today approved the Company’s unaudited results for the first quarter of fiscal 2022.

Sandeep Mahajan, Chairman & Managing Director of Goodyear India Ltd said, “Challenging economic conditions persisted during the quarter, limiting the recovery in industry demand. Additionally, unexpected COVID-19 related lockdowns in several major urban areas further restricted demand, particularly in the consumer OE segment.  Despite this difficult environment, our consumer businesses delivered solid growth.  We also generated higher earnings in our farm business, reflecting strong execution and our leading market position.

As the economy reopens after the second wave of COVID-19, we are experiencing stronger demand in key end markets.  We’re focused on capitalising on the improving momentum while continuing to prioritise the health and safety of our associates,” added Mahajan.

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