Higher demand for vehicles, infrastructure development to spur growth The Indian tyre industry is on course to more than double its revenue to $22 billion by fiscal 2032 from $9 billion in fiscal 2022, according to a report by the Automotive Tyre Manufacturers’ Association (ATMA), based on a comprehensive study by CRISIL Market Intelligence & […]
Apollo Tyres has inaugurated the first branded retail outlet for Vredestein brand of tyres in India. India’s one of the most premium tyre counters, Madhus Tyre Centre, Hosur Main Road, Bengaluru, in the southern part of the country, has been chosen as the first exclusive outlet for Vredestein brand of tyres. The outlet was inaugurated […]
India Ratings and Research (Ind-Ra) has upgraded JK Tyre & Industries Limited’s (JKTIL) Long-Term Issuer Rating to ‘IND A+’ from ‘IND A’. The rating outlook has also been revised to Stable from Negative. The rating reflects JK Tyre’s strong operational and financial performance. The upgrade echoes a significant improvement in the company’s credit metrics on […]
Operating margins to expand by ~150-200 bps in FY 2024 with favourable product mix and stable movement in input prices ICRA pegs domestic tyre demand growth at 6-8% for FY 2024, supported by stable growth in the replacement segment and sustained demand momentum in the OEM segment. ICRA expects the demand momentum in the OEM […]
Apollo Tyres today launched ‘AVOLVE’, to integrate mobility service business model into its operations. This Servitisation model would offer tailored solutions to the targeted customers, especially commercial vehicle fleet operators, and improve their operational efficiencies evolving their business to the next level. In today’s environment, commercial fleet operators are confronted with many challenges of increasing […]
Designed and developed by the talented team at JK Tyre, based on the decade long research, conducted at JK Tyre’s Global Tech Centre, the R&D team has been working on creating alternate solutions that will allow products to replace conventional petroleum-based materials with sustainable material. Commenting on this breakthrough success, Dr. Raghupati Singhania, Chairman & Managing […]
TVS Eurogrip,India’s leading 2 & 3-wheeler tyre brand, launched adventure touring tyres and superbike tyres in the presence of MS Dhoni and other CSK players in the city today. The launch was attended by business partners and key customers. The event also marked the brand’s celebration of their association with CSK. Explaining the products launched, P Madhavan, EVP, […]
Apollo Tyres, the leading tyre manufacturer, is readying itself for sustainable mobility solutions. After producing sustainable Agri tyres, the company has now developed passenger vehicle tyres with 75% sustainable materials. The newly developed passenger vehicle tyres, containing 75% sustainable materials, comprises many featured compounding ingredients in different components of the tyres, including bio-based and recycled […]
TVS Eurogrip,India’s leading 2 & 3-wheeler tyre brand, has launched a comprehensive brand campaign with a series of ad films, bringing out the humorous best of M S Dhoni. Leveraging the brand’s second year of partnership with IPL team CSK, the brand films have MS Dhoni sharing gripping stories from the field with his CSK teammates […]
A new investment will strengthen India’s efforts towards self-reliance in manufacturing, while boosting skilled job creation, exports, and sustainable growth, with IFC’s support to leading tyre manufacturer, JK Tyre & Industries Ltd. IFC’s $30 million (about INR 240 crore) investment in JK Tyre & Industries will part-finance the expansion of manufacturing capacities and integrate advanced, […]
More than 300 employees of Bridgestone India created a world record by using 565 tyres to create the company’s Bridgestone logo for the Record Title “Largest Tyre Image-Logo”. The same has been certified by Guinness World Records Adjudicators who were present on the occasion. The record is measured by the total number of tyres used […]
The tyre maker has introduced the CrossDrive model in an effort to increase its market share in the aftermarket sector, writes Rajesh Rajgor CEAT has unveiled CrossDrive, its high-performance, all-terrain tyres for SUVs in India. CrossDrive incorporates CEAT’s cutting-edge 3D sipe technology and robust shoulder design that helps the tyre adapt to all-terrain applications. The […]
Bridgestone has been chosen as the sole and exclusive tyre partner for the new Lamborghini Huracán Sterrato, providing All-Terrain and Winter fitments for the world’s first all-terrain super sports car equipped with a V10 engine and all-wheel drive powertrain. Specifically designed for the unique engineering requirements of the Lamborghini Huracán Sterrato, the new Bridgestone Dueler All-Terrain AT002 tyre offers […]
Leading premium tyre manufacturer Continental Tires opens a new commercial vehicle alignment center in Jaipur. This newly inaugurated center marks the third alignment center in the state of Rajasthan and the first in Jaipur. Located at the heart of Jaipur, the newly launched center incorporates a brand experiential zone that features the latest technologies, products, […]
Taking forward its commitment to Sustainability, Apollo Tyres has partnered with Tyromer Inc, a leader in non-chemical devulcanisation of end-of-life tyres. Tyromer Inc, through their Indian associate, Tyromer India LLP, is committed to supplying recycled rubber material, produced using its environmentally sustainable processes, to Apollo Tyres. Announcing the partnership with Tyromer, P K Mohamed, Chief Advisor, […]