YEAR EVENTS 1922 - The Company was incorporated to manufacture tyres and rubber goods. 1961 - On becoming a public limited company in March, the name of the Company was changed from "The Goodyear Tire & Rubber Co. (India) Ltd." to "Goodyear India Ltd.". - The Goodyear Tires & Rubber Co., Akron, U.S.A., the ultimate holding company and its nominees hold 89,68,400 No. of equity shares of the Company. - Subject to necessary permission being received, the Company proposed to issue 81,00,815 No. of equity shares of Rs 10 each at a premium of Rs 77.94 per share to the Good Year Tyre & Rubber Company Akron, Ohio U.S.A. to raise their stake to 74% from the existing 59.926%. 1962 - 16,00,000 right shares issued. 1963 - 4,00,000 shares offered to the public (prem. Rs 7 per share). 1964 - In Dec. 6,40,000 shares offered (prem. Rs 7 per share; prop. 5:8) to Indian shareholders. 1973 - 25,38,577 bonus shares issued in prop. 1:1. 1974 - 2,67,736 right shares issued (prem. of Rs 7 per share; prop. 1:7) to Indian Nationals. 1977 - 21,37,956 bonus shares issued in prop. 2:5. 1982 - The Company executed an agreement with Andrew Yule & Co. Ltd., Calcutta to provide technical know-how for manufacture of `Fan' and `Vee' belts and to buy 50% of their production for resale under the `Goodyear' brand name. - An approval was received to convert the bicycle tyre plant to produce 1,50,000 scooter/motorcycle tyres per annum and to increase the production capacity of automotive tyres and tubes to 10.24 lakhs per annum. - The Company undertook a three-year modernisation in the Ballabgarh plant in order to raise the plant capacity. 1989 - The Company proposed to increase the production of ultra large earthmover tyres as an import substitution measure. 1990 - The `Power Tread', a passenger radial tyre launched was well received in the market. - 74,82,846 bonus shares issued in prop. 1:1. 1993 - Profitability was adversely affected due to strike of truckers, high carrying cost on receivables and competitive prices. 1994 - The company introduced two new products namely `Power King' in the Bias Truck Tyre segment and wrangler-RT/s in fabric radial segment for car and other vehicles which received high acclamation for their quality and acceptance. 1995 - The Company entered into a joint venture arrangement for manufacturing Steel Radial Passenger, Light and Medium Truck Tyres and Bias Earthmover tyres with the technology of The Goodyear Tire & Rubber Company, Akron, U.S.A. 1996 - In the Ballabgarh plant, a 5.3 MW RFO based wartsila genset was commissioned. 1997 - The Company undertook expansion of Rear Farm Tyres production at its Ballabgarh plant. - 81,00,815 No. of equity shares allotted to Goodyear Tea & Rubber Co. U.S.A. - Goodyear India, a subsidiary of global tyre giant Goodyear Tire and Rubber Company, is organising a 700-km two day car rally for women in Delhi. - The company will be issuing preferential shares at the rate of Rs.87.94 per share which would amount to Rs.71 crore to the company. - The company proposes to raise Rs.710 million in the form of preferential shares in order to reduce the debt burden and increase the working capital of its Indian arm. - Goodyear Tire & Rubber Co. and the Steelworkers union reached a tentative contract agreement that if ratified will end the union's 14-day strike against the tyremaker. - Goodyear has also set up a joint venture company in partnership with Ceat Ltd called South Asia Tyres Ltd (SATL). The 50:50 joint venture has set up a Rs.367 crore radial tyre plant at Aurangabad. - Goodyear India Ltd. (GIL) promoted by Goodyear Tire & Rubber, USA (FY96 turnover US $13 billion) went public in 1961. 1998 - RPG Enterprises and Goodyear India's 50:50 joint venture South Asia Tyres Ltd is under strain. - The company presently has a capacity of 1,194 tonnes per year. The company's joint venture with its parent company and Ceat, South Asia Tyres. 1999 - The company has the technical and financial muscle to ride out the current sluggish phase. - Goodyear India Ltd. (GIL), announced the launch of two new tyre that are meant for special purpose dump trucks used in mining, quarrying and construction activities. - Goodyear has simultaneously launched nine new tyres. This is probably the first time that a tyre company has introduced so many new products at one go. - Goodyear has emerged as the largest tyre company in the world and India is its largest investment destination in Asia. 2000 - The Company has informed that, Goodyear Tire & Rubber Company, Akron, Chlo, USA, continues to hold 1,70,69,215 equity shares of Rs. 10/- each which constitutes 74% of the equity share capital of the company. 2001 -Unveiles three new products for truck and light truck segments. Launched after field and Laboratory testing, the three new tyres are the power 2000, the Power Torq and the Power Max , targeted at the medium, commercial and light truck segments respectively. -Mr C Dasgupta, former Ambassador to European Union, the Kingdom of Belgium and China, has joined the Board of the company as non-wholetime Director. -Launches tubeless radial tyres for the passenger car category, making it the first tyre manufacturer in the country to offer a complete tubeless tyre range for all types of passenger cars 2002 -Mr H D Pace, non-wholetime Director and Mr E Krishnaiah, wholetime sales Director, resign from the company -Decides to stop the manufacture of tyres for Ceat Ltd under the brand names of the latter company -Mr Antonio M. Capellini appointed as its new Chairman and Managing Director 2003 -Company chosen as the original equipment (OE) supplier of tyres for two domestic passenger cars, Skoda Octavia and GM Chevrolet Optra, and two export cars, the Telco City Rover and Telcoline 4X2 -Parent Goodyear Tire & Rubber Company - the largest tyre manufacturer in the world - decides to invest $30 million (approximately Rs 135 crore) via the external commercial borrowing (ECB) route in its units at Ballabgarh and Aurangabad 2006 -Goodyear India on Oct 10, 2006, rolled out new range of tyres Excellence for the premium car segment in India. 2011 - Goodyear India Ltd has recommended a dividend @ Rs. 7/- per equity share. 2012 - Goodyear India Ltd has recommended a dividend @ Rs. 7/- per equity share. 2013 - Goodyear India Ltd has recommended a dividend @ Rs. 7/- per equity share. 2014 - Goodyear India Ltd has recommended a dividend @ Rs. 9/- per equity share. 2015 -Goodyear in India collaborates with Plan India to improve the lives of children in Delhi and Mumbai 2016 -Goodyear India today launched its `Healthy India' program in partnership with the International Association for Human Values. -Goodyear India, in association with Institute of Road Traffic Education (IRTE), has initiated a unique road safety programme -Goodyear Reveals Concept Tyres for Autonomous Cars -Goodyear Brings Iconic Tyre Technologies to Auto Expo 2016 -Goodyear India joins with International Association for Human Values for `Healthy India' Program in Maharashtra 2018 -Goodyear wins two prestigious awards at the TRiLA Awards, 2018 -Goodyear ranks on Forbes America's Most Reputable Companies 2018 2020 -Goodyear Partners with Lexus to Shape the Future of Electric Mobility -The Goodyear reCharge Concept - Making Tire Changing Easy with Customized Capsules that Renew your Tires -Skechers Collaborates with Goodyear on Footwear -Goodyear Launches `AndGo' Fleet Servicing Platform at CES -Goodyear Ranks No. 1 in Customer Satisfaction 2022 -Goodyear India partners with Fortis Escorts Hospital to enhance Pediatric healthcare facilities in Haryana, India. 2023 -Goodyear Retains Auto Bild Summer Tire Manufacturer of the Year Award.