Indian Tiremakers Slashing Prices on Raw Materials Drop
With raw material prices falling – primarily oil and natural rubber – Indian tiremakers have been taking price cuts in an effort to jump start sales.
Tyremakers Mull Shift in Raw Material Sourcing
(Hindu Business Line) Indian tyre makers are considering a shift in their raw material sourcing base as they prepare to negotiate the October-December contract.
Tyremakers Face Drop in Sheet Rubber Inventory
(Hindu Business Line) The continued shortage in sheet rubber for over two months has led to raw material stock inventory of major tyre producers dipping to 8-21 days from the normal level of almost a month.
A Continent of Contrasts
Africa is a market that presents tyre manufacturers with both problems and opportunities.
Dunlop Zimbabwe Voices its Commitment to the Home Market
Zimbabwe’s sole domestic tyre manufacturer, Dunlop Zimbabwe, states it remains committed to continuing local operations.
Chinese Radials Giving Indian Players Tough Time
(Times of India) The Dragon is biting the Indian radial truck and bus tyre manufacturers hard.
Tyre Prices Continue to Rise in Developing Economies
Next month will see the rapid upward trend of tyre prices in eastern nations continue, as manufacturers and dealers in the United Arab Emirates have agreed to a uniform rise of 6% across the board.
Chinese Tyre Imports Surge Despite Dumping Duty
(Hindu Business Line) India’s anti-dumping ruling on the imports of truck and bus tyres in July 2007 does not seem to have reduced the share of Chinese tyres in the domestic replacement market, as the price difference in the product made in the two countries continues to be in the range of 10%-30%.
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.
MRF Tops J.D. Power India Customer Satisfaction Survey
A study into India’s tyre market reveals that MRF leads the field in terms of OE tyre customer satisfaction.