Tyre

Relief rally seen in paints and tyre stocks, as crude prices cool off. These firms see a significant impact from crude prices due to their heavy reliance on raw material.

Paints, tyre stocks see selling pressure as crude oil spikes amid Middle East tension

Crude oil prices affect the paint business and tyre industries are they are raw material-intensive industry. Rising crude oil rates also increases the cost of producing items.

Paint, tyre stocks rally sharply as crude prices sink below $60 per barrel

Lower crude prices translate to softer input costs for paint companies like Asian Paints, as the manufacture of paint requires more than 300 items, most being petroleum-based.

Tyre makers' profits wedged between rising rubber prices, slowing demand

As rubber prices continue to surge, tyre makers indicate 5-6 per cent increase in raw material cost in Q2 compared to Q1FY2025

Tyre production in some plants down 10% in July due to natural rubber scarcity: ATMA

The availability of domestic Natural Rubber (NR) has taken a turn for the worse during the ongoing fiscal.

Expect double-digit growth in replacement, int'l tyre biz despite rubber price hike impact: CEAT

The company, which has taken price hikes of 2-2.5 per cent in the replacement segment since May, expects another round of increase towards the end of July but is betting on robust demand across categories and turnaround of the rural market to drive growth.

CEAT's cautious capex approach, leadership poisitioning leave brokerages divided

CEAT aims to maintain its strong position in the higher margin 2W tyre segment, with a 33 percent market share.

Subdued Q1 growth in most segments worries tyre sector

Sales of passenger car tyres have been the only silver lining. The tyre sector is also worried about the impact of the withdrawal of anti-dumping duty on tyres from China. The levy was introduced a couple of years ago but was removed last December.

Why profit margins of tyre companies might have peaked

Along with moderation in demand for tyres expected in the near to medium term, rising rubber prices may puncture profitability of tyre firms

NGT orders CPCB to close tyre pyrolysis units violating environment norms

Pyrolysis is the method of recycling old tyres through thermochemical treatment under high temperature to produce industrial oil and other matters.

Stock Market Live: What’s driving tyre shares higher? | Adani Port, Tata Power & PVR in focus | Morning Trade

European markets saw a choppy trade yesterday, closing with mixed returns for the day. Stoxx600 was down 0.2%, after flipping between mild losses and gains during the morning. Tyre stocks were zooming ahead – why were the stocks under pressure past 1.5 years and what has changed now – we find out on the show. Stocks in focus- Adani Port, Tata Power, MTAR Tech and PVR.

Capital expenditure of tyre makers to rise to Rs 5,000 crore this fiscal: CRISIL

The demand is likely to be driven by segments such as replacement, commercial and passenger vehicles (CVs and PVs), along with exports, the credit ratings agency said, adding that credit profiles of tyre makers are expected to remain "stable".

CCI conducts antitrust raids on tyre companies Ceat, Apollo, Continental: Report

The case, according to the report, relates to an antitrust probe into use of unfair trade practices and rigging bids while supplying tyres for public transport vehicles in the northern state of Haryana.

Tyre industry body ATMA urges govt to allow duty-free import of natural rubber

According to the tyre industry body, natural rubber (NR) consumption is expected to increase further and the annual demand is expected to cross 13 lakh tonnes this fiscal.

Demand outlook of Indian tyre industry remains favourable: ICRA

Stating that capex executions have resumed in the last few months after a hiatus with improving domestic and exports demand, ICRA said based on projected demand growth, capital expenditure of over Rs 20,000 crore is expected in the tyre industry between FY2022 and FY2025, which would be partly debt funded.

Michelin to hike tyre prices by up to 8% in India

The company will hike prices in the Africa, India and Middle East region by up to 6 per cent on passenger car tyres, light truck and motorcycle replacement tyres as well as up to 8 per cent on both on-and off-road commercial vehicle tyres due to rise in raw material cost, global transportation cost and prevailing market dynamics, the tyre maker said in a statement.

Tyre industry’s Rs 1,100-crore project to plant rubber in northeast to take off in June

Automotive Tyre Manufacturers’ Association (ATMA), the apex body of major tyre makers in India, to plant rubber in 200,000 hectares in the north eastern states.

In Charts | Tyre industry faces weak FY21 over tepid sales — a close look at some key statistics

The research and development spends of global tyre companies are more than double that of domestic firms. Here's how the largest tyre companies have executed business in India so far, and what to expect from those stocks in the future.

Govt notifies regulations for tyres, safety glass under Central Motor Vehicles Rules

The specification for the tyre pressure monitoring system ( TPMS) for vehicles up to maximum mass of 3.5 tonnes has also been provided, the Ministry of Road Transport and Highways said in a statement.

Tyre industry pushes back against evidence of plastic pollution

The plastic particles, which are increasingly being found in the air, food, drinking water and even Arctic ice, may pose a risk to human health and marine life, although there is no scientific consensus on the issue.

Icra expects domestic tyre demand to grow 7-9% between FY'19-FY'23

The revenue growth for tyre industry is pegged at 14-15 per cent for 2018-19, with operating margin and net margin of 14 per cent and 7 per cent, respectively, almost in line with 2017-18.

Bridgestone to invest $304mn over 5 years to expand India plants

The company, which is a part of Japan's Bridgestone Corporation, plans to expand facilities at Pune (Chakan) and Indore (Kheda).

Skidding on rubber: The story of tyre manufacturers' Q1 show

The effect of the sharp increase in rubber prices is being seen in this quarter due to companies having used raw material stocked in the January quarter.

Bullish on India, Pirelli plans to scale up presence

In order to increase visibility, the company plans to expand its exclusive 'tyre centres' in the country.

Truck, bus radial tyre imports touch new high in FY17: ATMA

In the last fiscal, overall import of TBR grew 9 per cent, the apex body of tyre manufacturers said, adding that the ever-increasing trend has hurt the domestic industry.