Tyre Makers

Italy will soon get a chance to intervene in Pirelli by using its so-called "golden power", which enables the government to stop or modify business deals among private companies

At Ceat we wanted to grow in our international business, and our OEM customers were becoming more and more exacting in their specifications, said Goenka

Higher raw material prices had punctured sequential margins of major tyremakers

Japanese tyre maker Bridgestone is looking to scale up its manufacturing capacity by over 10 per cent next year amid the demand surge in both OEM and aftermarket segments, the company's India head, Parag Satpute has said. He also said that the company is working on rolling out its EV tyre technology in the domestic market, which is expected to see a higher penetration of electric vehicles amid the government's increasing push for green mobility. Bridgestone already has tyres catering to the EV segment in Europe, Japan and the US. A wholly-owned subsidiary of Bridgestone Corporation, the Pune-based Bridgestone India caters to both passenger and commercial tyre segment with as much as 20 per cent market share in the aftermarket domestic passenger car tyre market. The total size of the aftermarket domestic car tyre segment stands at around 2-million tyres per month. "We are running at a very healthy capacity utilisation across our both plants as in the last three years we have been .

Near term volume outlook is muted, though, given seasonality and macro EU concerns

Company's near term will be tough, but brokerages believe it will continue to gain market share

Michelin X Multi Energy Z tyre has been awarded the industry's first fuel savings label with a 4-star rating by the Bureau of Energy Efficiency (BEE), the company said in a statement

JK Tyre & Industries on Thursday said it has come up with the country's first puncture guard technology in tyres for four-wheelers. The technology, with specially engineered self-healing elastomer inner coat, applied inside the tyres through an automated process, heals the punctures. The company plans to build in the technology in its range of tyres for four-wheelers. With this technology, tyres can self-repair multiple punctures, due to nails or other sharp objects, up to 6 mm in the tread area instantly, the tyre maker said in a statement. Puncture guard tyre offers hassle-free ride throughout the life of the tyre, without air loss, it added. "With the introduction of Smart tyre technology in 2020 and now the Puncture Guard Tyre technology, we have yet again delivered on our commitment to provide advanced mobility solutions to our customers. This technology offers high level of safety and convenience to vehicle owners," JK Tyre Chairman & Managing Director Raghupati ...

Balkrishna Industries: Volume constraints and valuations are the other concerns

Tyre maker Ceat Ltd on Monday reported a 77 per cent decline in consolidated net profit at Rs 42.28 crore for the second quarter ended September 30, impacted by higher input costs

Tyresnmore Online is a digital platform for purchasing tyres and fitting services

French tyre maker Michelin raised its 2021 financial targets on Monday after a strong rebound in the tyre markets and gains in market share in the first half of the year

The spike in commodity prices has impacted gross margins

Muted near term outlook given raw material costs, lower demand

Shares of the company were trading 2.39 per cent down at Rs 82,898 apiece on the BSE.

Tyre maker Goodyear India on Thursday reported over threefold jump in its profit after tax (PAT) to Rs 43.22 crore for the March 2021 quarter.

As the government had been emphasising on extending the credit term to dealers and small vendors, the company took it in the right stride

After a strong Q3, margins may come under pressure due to rising raw material costs

During the third quarter, the company's revenue rose to Rs 553.31 crore from Rs 497.54 crore in the year ago period, an increase of around 11.20 per cent

The move is in order to offset the impact of rise in input costs