Marangoni Group established its first exclusive franchisee in north India. The business, Manoj Tyres, an existing retreader at Kanpur, sourced retreading material from two Indian retreading companies before switching exclusively to Marangoni India. The companies commissioned a new greenfield facility with new equipment, including Marangoni’s RingTreader RT920. Keeping with the culture of India, where any
Supported by a vibrant domestic automotive industry, the Indian tire industry has been among the fastest-growing on a global scale during the past decade. With a total of 66 production plants and 41 tire producers (in all the sub-segments), the Indian tire industry registered a turnover of $8.5 billion in the financial year 2020-21. Exports
Yokohama Rubber has started production at its Visakhapatnam plant in India. The new plant was built to expand the production capacity of Yokohama Off-Highway Tires (YOHT). Yokohama Rubber says the new plant was originally scheduled to begin production in the first quarter of 2023, but the earlier than planned startup will enable YOHT to respond
Marangoni Group, Italy, has acquired GRP Ltd.’s 50% stake in the joint venture company in India – Marangoni GRP Pvt. Ltd – through its wholly-owned subsidiary, Leader Rubber Company (SA) Prop. Ltd, South Africa. The 50:50 JV company, incorporated in late 2015, is a fast-emerging player in India’s commercial tyre retreading sector. With this acquisition,
It was recently announced that tariffs on OTR Tires from India will remain. Five years after the implementation of tariffs on off-the-road tires from India, the U.S. Department of Commerce says it is maintaining the rates set in 2017. As a result of this expedited sunset review, the U.S. Department of Commerce finds that revocation
Many factors have led to India becoming the fourth largest automotive market globally, but it’s at an inflection point with the rapid evolution of technology, newer laws and more globally-aligned emission norms.
The U.S. tire industry saw a big jump in imports from Brazil, Thailand and Vietnam in 2017, according to the U.S. International Trade Commission.
Marangoni GRP Private Limited, the JV company active in the commercial vehicle retreading sector in India, has launched its first full-service Ringtread franchisee in India – Autobahn Retreading – part of Autobahn Trucking Corporation Ltd.
Italian tiremaker Pirelli has opened a new branded retail store in the Indian province of Agra.
Maxxis Rubber India, a sub-company of Taiwanese company Maxxis Group, opened its first manufacturing facility in Sanand, Gujara, India
Yokohama Rubber Co. has announced an expansion of production capacity of its passenger-car tire manufacturing and sales subsidiary in India—Yokohama India.
The Yokohama Rubber Co. has announced that it will expand the Yokohama Group’s global production capacity for off-highway tires by adding new facilities in India.