Tyre Industry

In April, CEAT agreed to acquire Camso brand’s Off-Highway construction equipment bias tyre and tracks business from Michelin in an all-cash deal valued at about $225 million.

CEAT acquires Camso's Off-Highway tyres and tracks business from Michelin for $225 mn

CEAT said Camso will give the ability to widen its product base into tracks and construction tyres

Expect marginal impact of Red Sea crisis on tyre industry, says JK Tyre MD and ATMA Chairman

Anshuman Singhania had earlier indicated that he expects raw material prices to increase by 3-4 percent in Q3 FY24 due to the ongoing Israel-Hamas war

Commerce Ministry eases import restrictions on pneumatic tyres

The Commerce Ministry has released fresh guidelines for tyre manufacturers committing to invest in India in brownfield or greenfield projects for manufacturing tyres falling under the restricted list.

Indian tyre industry to scale turnover of Rs 1 lakh cr in next 3 yrs: ATMA

The industry has completed investment of Rs 35,000 crore in the last three years in new capacity creation and debottlenecking.

Rising synthetic rubber output helps cushion impact of high import costs for tyre makers

Non-tyre users of some synthetic rubber varieties that continue to be imported are struggling to cope with rising prices and want those products to be manufactured locally

'Buy OMCs, cos using oil-based raw materials to play crude'

The best to play the fall in crude prices would be to buy OMCs, which will benefit from subsidy burden going down, and invest in companies that have something to do with oil-based raw materials, says Nischal Maheshwari

ICRA pegs tyre industry to grow at 8% in 2014-15

The decline in natural rubber and crude oil prices would provide the requisite headroom for passing on some benefits to the consumers, it said.

Softening rubber price a small relief for tyre industry

Softening rubber prices is a small relief for thr tyre industry in the face of slowing automotive demand and rising threat of imports, says ICRA research report.

Ceat finds Chinese imports irritating

Anant Goenka, Deputy MD of Ceat, in an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, gave his view on the slippage of natural rubber price and its impact on the tyre manufacturers.

Ceat sees margins under pressure going forward

Anant Goenka, Dy MD, Ceat, in an exclusive interview on CNBC-TV18, said that his company has taken a price hike of 1.5%. At present, rubber prices are at Rs 235 per kg in the domestic market while internationally, they are Rs 20 higher than the domestic price.