Tyre Majors Roll Out Schemes for Truckers
(Business Standard) In order to tide over the shock of a hike in tyre prices, domestic tyre manufacturers have launched a series of innovative schemes to reduce the impact on buyers.
Kelani Tyres’ Share Price Up 30%, Profits Double
Sri Lanka-based manufacturer Kelani Tyres PLC has recently witnessed its share price jump up 30%.
Indian Tyre Majors Face Cartel Investigation
India’s government has asked the national fair trade regulator MRTP Commission – a quasi-judicial tribunal established to investigate monopolistic, restrictive and unfair trade practices – to look into suspected cartel-like behaviour amongst India’s major tyre manufacturers.
Bus and Truck Tyre Exports on the Rise Again
(Financial Express) After a negative growth for the last two years, the exports of truck and bus tyres surged from April 2007 to January 2008.
Indian MD Warns Of Falling Margins
Unless there is a dramatic revision in prices of crude oil and natural rubber, margins for tyre manufacturing sector may decrease in 2008-09, according to Paras Chowdhury, managing director of Indian manufacturer Ceat Ltd.
Egypt’s Dumping Duty to Have Little Impact
(Hindu Business Line) Imposition of anti-dumping duty may curb India’s export of cross-ply (bias) truck-bus tyres to Egypt in the next fiscal.
Tyre Majors Show Interest in India Production
A number of global tyre majors are making their presence felt in India’s tyre market, a market valued by the Business Standard financial newspaper at Rs 190 billion (≤2.44 billion).
Sri Lankan Manufacturers Fight Back Against Imports
The Sri Lanka Transport Board (SLTB) has announced it will establish two new tyre manufacturing facilities to provide the 14,000 tyres needed for its buses every month while its Ampara tyre factory is being refurbished.
Indian Manufacturers Expanding TBR, OTR Production
JK Tyre, India’s first radial truck tire manufacturer, has responded to moves from other manufacturers to join this sector by boosting capacity at its facility in Mysore, southwest India, from 370,000 to 500,000 tyres per year, a target that will be met in 2009.
Indian Tyre Prices May Increase in 2008
(Hindu Business Line) The Indian tyre industry may begin the New Year with 2%-3% average price increase.