Goodyear India has decided and approved the termination of the process of the sale of piece of land located at Ballabgarh and has authorized officers of the company to take necessary actions in this regard.
The company has posted 20.75% fall in net profit for the first quarter ended March 31, 2012, at Rs 10.92 crore. The company had posted a net profit of Rs 13.78 crore in the corresponding period last year.
Goodyear India is engaged in the manufacturing and marketing automotive tyres, tubes and flaps. Automotive tyres include farm, truck and passenger tyres. Other products of the company include tubes/flaps, rubber products and two and three-wheeler tyres.
