First of all, Pirelli could quickly benefit from the high growth potential of certain emerging markets such as India. This is generally true for several markets that should prove to be real gold mines for tire manufacturers, including China and Brazil. India remains Pirelli's favourite target because, while there are already a few small local manufacturers in the country, no major company has yet established itself there.
Since 2015, Pirelli's parent company has been the Chinese group ChemChina, which acquired the Italian company for €7.1 billion by buying out the 26.2% stake in Pirelli held by the holding company Camfin and launching a public bid for the remaining share capital of the company through a company combining ChemChina and Camfin. Following this acquisition, the industrial tyre manufacturing business was transferred to Aesolus Tyres, another subsidiary of the Chinese group.