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Rising Rankings: Giti Listed as the Fastest Growing Tire Brand in the World

Diposting pada 13 Juni 2024 oleh admin / Dilihat: 0 kali

Sigapore, (ANTARA/PRNewswire) – In the ranking of the World’s Most Valuable and Strongest Tire Brands in 2024 recently released by Brand Finance®, Giti recorded an increase of USD 924 million since 2023, an impressive growth of 19%, which also reflects Giti’s growth. The Brand Value Ranking rose to 9th place among the Top 10 Tire Brands in the world, and was hailed as “the world’s fastest growing tire brand this year”.

These achievements were not achieved overnight and Giti continues to reap the rewards of its past and current investments. With over 70 years of development, Giti continues to expand its Original Equipment Manufacturing business base, currently featured as Genuine Tires on more than 675 vehicle models worldwide. This ensures strong and stable future revenue growth prospects for Giti, while increasing the brand’s worldwide presence through vehicle exports from the world’s manufacturing capital.

Outside of its manufacturing facilities, Giti has gained strong brand acceptance and loyalty in Indonesia, while its reputation is growing in the UK, Italy and Germany.

In contrast to other tire brands with similar origins, Giti’s focus on sustainability has also been recognized, increasing the brand’s Sustainability Perception Score up 3 positions, to 7th. Dedicated to overall sustainability, Giti sets ambitious targets, such as 100% sustainably sourced raw materials, and Net Zero manufacturing by 2050. On track to achieve this target, Giti has reported a year-on-year reduction in Carbon Dioxide Equivalent emissions through initiatives such as reforestation and installing solar panels to offset factory energy needs. Recognized by Brand Finance® as building a “solid core technology system”, Giti is implementing Industry 4.0 concepts in its recently announced new factory (which is currently under construction). It will feature state-of-the-art manufacturing facilities and the latest sustainable warehousing technology that reduces energy consumption.

Ready with a variety of products, with particular success in tires that support electric vehicles, Giti has armed itself with a wealth of equipment to face the wave of New Energy Vehicles (NEV) that is taking the world by storm. Providing worldwide support through its global distribution network, Giti delivers high-quality products to support the increasing global tire demand.

With a focus on “Technology First”, Giti continues to innovate in tire technologies such as GitiSeal, GitiSilent, low-rolling resistance tires, environmentally friendly tires, motorsport tires, smart tires and RFID tires, constantly striving to bring the next big breakthrough thing to the world.

“We are proud of our achievements so far,” commented Ms Shiroo Chia, Head of Marketing (Worldwide) at Giti Tire, “But Giti will not rest on its laurels. Supported by a shared corporate direction, our dedicated teams from around the world will continue to work together to sustainably advance our development, to build Giti into a brand synonymous with the future of the automotive industry.”

The full Brand Finance® report can be purchased here: https://brandirectory.com/rankings/tyres/

Source: Giti Tire Global Trading Pte Ltd

Reporter: PR Wire
Editor: PR Wire
Copyright © ANTARA 2024

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Rising Rankings: Giti Listed as the Fastest Growing Tire Brand in the World

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Rising Rankings: Giti Listed as the Fastest Growing Tire Brand in the World

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