The company has created bicycle tyres that do not need to be inflated with air
With this, it aims to raise capacity by 1 mn tyres per annum for truck bus radials, 17 mn tyres per annum for 2-wheelers and 6 mn tyres per annum for passenger car radials
The new facility will produce tyres for two-wheelers and pick-up vehicles
The R&D centre will service the product development needs for the entire Asia Pacific, Middle East & Africa region
The company will roll out the new range of tyres, currently available only in Andhra Pradesh and Telangana, in the other markets in a phased manner
Price stability in rubber and crude, higher auto sales to boost sector; tyre imports from China pose threat
India has imposed anti-dumping duty on several products, to tackle cheap imports from some countries, including China
With the import of truck and bus radials shooting up 64% in FY16, the bulk of the Rs 35,000-cr new investments by Indian tyre makers are under stress