Tyre makers are likely to see revenue growth of 7-8% this fiscal, driven by a 3-4% increase in both realisations and volume. Revenue will grow in single digit for the second straight year (albeit nearly double that of last fiscal) and after logging a compound annual growth rate of 21% between fiscals 2021 and 2023. […]
JK Tyre & Industries has entered into a long-term partnership with Vertelo to provide its ‘Connected Mobility Solutions’, a first-of-its-kind cloud-based monitoring system. Vertelo is a bespoke electric mobility solutions provider, designed to make fleet electrification an easy transition. Through this partnership, JK Tyre will be providing the brand’s new generation EV tyres – 255/70R22.5 JUXe equipped […]
Bridgestone India has announced the winners of the 4th Edition of the Mobility Social Impact Awards in Pune at a ceremony attended by industry leaders and social change-makers. Mobility Social Impact Award (MSIA) is an initiative aimed at recognising and celebrating innovative mobility solutions transforming India’s landscape. The winners were awarded a cumulative prize of Rs. […]
CEAT, India’s leading tyre manufacturer, today announced the inauguration of it’s best in class Truck Bus Radial (TBR) production line at their Chennai manufacturing plant. The new line will progressively reach a production capacity of 1500 tyres daily over the next 12 months and marks a significant milestone in CEAT’s drive to expand its footprint […]
Due to the increasing number of vehicles produced, constant technological advancements and innovations, the market volume for tyres and wheels has grown significantly over the years. However, as the innovations made tyres sturdier and reduced the occurrence of flat tyre scenarios, the demand for spare wheels has decreased, negatively impacting the sector and lowering the […]
In the dynamic world of the tyre industry, staying ahead requires not just knowledge of the latest trends but also an ability to adapt and innovate. Mr. K. Durairaj, with his 45 years of experience, embodies this spirit of resilience and forward-thinking. Starting with a humble beginning of selling used tyres, Durairaj has navigated through […]
Indian tyre major and leader in truck & bus radial tyres, JK Tyre & Industries, has introduced an advanced range of tyres designed to meet the evolving needs of the transportation sector. JK Tyre plans to further strengthen their Truck & Bus Radial range with four new variants: JETWAY JUM XM, JETWAY JUC XM, JETSTEEL JDC […]
Michelin, the world’s tyre technology leader, today announced the launch of its most fuel-efficient truck and bus tyre, the MICHELIN X Multi Energy Z+, for the Indian market. This latest line of made-in-India tyre is specially engineered for Indian road and load conditions and also takes into account the growing demand for fuel-efficient tyres by […]
The Board of Directors of Apollo Tyres Ltd has approved the company’s audited financial results for the fourth quarter (Jan to Mar) and the financial year 2023 – 24. The Board recommended a dividend payout of Rs 6.00 per equity share (600%), on face value of Re 1 each for FY24, subject to the approval of the shareholders […]
Apollo Tyres has announced a significant partnership with NATRAX, a leading provider of testing and validation services, to establish the first of its kind test track in India, specifically designed to validate tyres for Electric Vehicles (EVs) and low rolling resistance tyres. This collaboration aims to provide a dedicated testing facility for EV manufacturers, enabling them to […]
The Yokohama Rubber Co., Ltd., announced that it recently held a groundbreaking ceremony on April 15 ahead of the start of construction of its new passenger car tire plant in Mexico. The ceremony was attended by many local government officials and representatives from the local community, including Coahuila Governor Manolo Jiménez Salinas and Saltillo Mayor […]
Indian tyre industry major and market leader in Radial tyre segment, JK Tyre & Industries Ltd inaugurated its 22nd brand shop in Tamil Nadu thereby further expanding their last mile presence in the country. The one-stop solution brand shop – Hindustan Tyres was inaugurated by Mr. Sanjeev Sharma, Vice President – Mobility Solutions & Fleet Management, JK Tyre & Industries Ltd. along with other senior officials of […]
The infrastructure segment in the country is growing at a fast pace, and it is further getting a shot-in-the-arm due to the increased spending by the government year after year. Leading tyre maker, Apollo Tyres, which has been looking at leveraging this growth in infrastructure, provided an experiential drive to the fleet owners, business partners […]
The award was conferred under the Clean Water and Sanitation category Indian tyre industry major JK Tyre & Industries received recognition for their water conservation endeavors at the 6th Indian Chamber of Commerce (ICC) Social Impact Awards 2024, hosted in Kolkata. In the Clean Water and Sanitation category, JK Tyre’s Water Conservation Project stood out […]
Yokohama India, today announced that the Yokohama group has achieved the milestone of 1000 plus women working on the shop floors in its factories in India. This achievement marks a significant step forward in the company’s commitment to gender diversity and inclusivity within its workforce. Yokohama group has four factories in India – one dedicated […]