Tyres

Tyre-maker's challenges include excess inventory, muted demand in agriculture sector

Company launches smart tyres that give real-time updates about pressure, temperature and punctures to phone app

The Indian tyre industry will be able to scale a turnover of Rs 1 lakh crore in the next three years on the back of new capacities available, Automotive Tyre Manufacturers Association said on Wednesday. The industry has completed investment of Rs 35,000 crore in the last three years in new capacity creation and debottlenecking. "The new capacities will go on stream over the next couple of years to meet the growing demand in an economy that is poised to remain as the fastest growing for the next few years," Automotive Tyre Manufacturers Association (ATMA) said in a statement. Demand is expected to grow stronger in view of an uptick in economic activities and the big push envisaged for infrastructure growth. "The new capacity will help the industry notch a turnover of Rs 1 lakh crore in the next 3 years from Rs 75,000 crore currently," ATMA said. "The investments that have been undertaken in a challenging time period, span across all the key tyre segments with major beneficiary bein

Reise Moto, a joint venture between Mahansaria Group and European brand Mitas, on Monday launched a two-wheeler tyre range for the domestic market. The tyre under the 'Reise' brand will cater to both motorcycle and scooter segments and will also be shipped to South Asian markets. For Reise Moto, Mahansaria Group has entered into a 76:24 joint venture with Mitas. The company will roll out the tyres from its new facility in Saykha, Gujarat. The plant produces performance two-wheeler tyres under brand 'Mitas' for European and North American markets and under brand 'Reise' for the domestic market in India. "In today's highly dynamic Indian two-wheeler space, the key is to serve the ever-evolving needs and aspirations of enthusiasts who expect a lot more from their machines than just commuting," Reise Moto Founder & Managing Director Yogesh Mahansaria said in a statement. The company said it is developing a formidable network of distributor partners to sell the Reise range of ...

Youngest and first Indian to be appointed for the top job

One of the sources said the case was related to an antitrust investigation into the use of unfair trade practices and rigging of bids while supplying tyres for public transport vehicles in Haryana

The company had posted a net profit of Rs 132 crore in the third quarter of the financial year 2020-21

Price hikes by companies have not been enough to absorb the sharp rise in input costs

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

Balkrishna Industries hit a new high of Rs 2,656.95, up 5 per cent on the BSE in intra-day trade, surpassing its previous high of Rs 2,558.15 touched on August 4, 2021

Improving demand along with stable competitive intensity, and peak capex is expected to trigger linear growth for the Indian Tyre industry

The firm reduced net debt by Rs 929 crore in FY21

Apollo Tyres on Tuesday said it has launched a new range of tyres for the fast growing compact SUV segment. The company said it has launched Apterra Cross tyres in the country after two years of extensive testing and tuning. This is the first dedicated range of tyres that caters to the compact SUV segment, the hottest selling segment of the decade, in the Indian automotive industry, Apollo Tyres said in a statement. As per industry estimate, the CSUV (Compact SUV) tyre market in the country is pegged around four lakh tyres per month, and is soon expected to double. "The rise of the compact SUV segment, priced affordably, has reinvigorated the dream of owning an SUV in the Indian market, and we being the segment creators in the tyre space, are looking at leveraging on this opportunity with a dedicated range of tyres for this growing segment," Apollo Tyres President, Asia Pacific, Middle East & Africa (APMEA) Satish Sharma said. The company has the first mover advantage with Apollo

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

Technology firm Continental on Tuesday said it has launched a new range of tyres for passenger vehicles in India.

Dream run may come to a screeching halt anytime, warn analysts as fundamentals do not back them

The lifting of tyre stock from factories and transporting the same to auto manufacturers came to a grinding halt after the government announced a 21-day nationwide lockdown

World Bank's investment arm IFC to back the project through loan and equity investment

The move is aimed at unlocking untapped potential in both India and EMEA, the company said in a release

Apollo Tyres has provided the technical expertise to get the track ready for testing wet grip of tyres, as per the standard specifications