Indian Tire Companies Want End to Inverted Duty
Indian tiremakers want the country to change its upside-down duty system that places a higher duty cost on raw materials – like natural rubber – than it does on finished products – like tires. The producers have asked the Indian government to cut the duty on NR from 20% to 7.5%, a move they claim
Dunlop India Hopeful for Fresh OE Agreements
Dunlop India is reported to be seeking fresh OE deals. According to the Times of India, the Ruia Group has entered into talks with India’s largest commercial vehicle maker, Tata Motors, regarding a truck tyre deal.
PTL Announces New Greenfield Facility
On Jan. 15, the board of directors of PTL Enterprises took on record the company’s unaudited results for third quarter of 2007-08 and gave approval for a Rs 400 million (≤5.2 million) Greenfield tyre plant project in Kerala.
Impressive Debut Set Stage for an Even Bigger Tyrexpo Africa
When Tyrexpo Africa 2006 got underway in September of that year, there was very little to compare the exhibition with – no tyre show had taken place in South Africa for more than a quarter of a century before ECI International took the decision to hold the inaugural event in Johannesburg.
Tyre Exports Increase, Import Double in India
Despite the increasing strength of the rupee tyre manufacturers in India are still enjoying export growth, reports the Hindu Business Line.
Tyrexpo Asia Continues to Grow Despite Clash of Dates
(Staffordshire, U.K./Tyres & Accessories) The sixth Tyrexpo Asia, held in Singapore in September, left no hint of a doubt as to the importance of the regional tyre market and of the show itself in comparison with other regions and events.
Indian Tyremakers Becoming More Reliant on SR
(Staffordshire, U.K./Tyres & Accessories) Indian tyre manufacturers increasingly must ‘fake it to make it’ – that is, rely upon synthetic rubber in the manufacture of their products.
Indian Tyremakers Thinking Globally
(Staffordshire, U.K./Tyres & Accessories) With India’s vehicle industry experiencing a slowdown of late, the country’s tyremakers have needed to consider how to best maintain their profits.
Fading Fashion Icon
(India/Rubber Asia) Time was when ownership of a 4×4 or AWD carried a special sort of status, especially if you lived in some smart suburb of one of Europe’s capitals.
Slowing Vehicle Sales, Tyre Imports Squeezing Indian Tyremakers
(Staffordshire, U.K./Tyres & Accessories) The share market value of several Indian tyre manufacturers has fallen in the wake of news that domestic carmakers such as Tata Motors and Ashok Leyland are reducing their OE tyre orders.