Indian tyre industry major, JK Tyre & Industries Ltd. (JK Tyre) has announced its unaudited results for Q2 of FY2024. On a consolidated basis, net revenues were up 4% at Rs.3,905 crore and EBIDTA increased to Rs.597 crore as against Rs.305 crore on y-o-y basis. Commenting on the results, Dr. Raghupati Singhania, Chairman and Managing Director […]
CEAT Ltd., India’s leading tyre manufacturer, has been awarded the prestigious Deming Grand Prize making it the first tyre brand in the world to receive this rare distinction in 2023. The Deming Grand Prize is an illustrious honour for organizations that have achieved the Deming Prize and have continued to sustain and elevate their Total […]
Bhopal became the next destination for Vredestein brand’s exclusive outlets in the country, with Apollo Tyres Ltd inaugurating the second branded retail outlet for Vredestein brand of tyres in India at Arihant Tyres, outside DB City Mall in Bhopal, in central India, which is also a hub for other premium tyre brands. The outlet was […]
The CEAT Indian Supercross Racing League (ISRL), in partnership with the Federation of Motor Sports Clubs of India (FMSCI), is thrilled to announce an unprecedented gathering of 85 global Supercross stars and international talents for its inaugural season. This remarkable assembly of renowned riders promises to make Season One an electrifying and unforgettable experience for […]
The Yokohama Rubber Co., Ltd., has introduced the GEOLANDAR CV 4S, a new all-season tire for crossover SUVs. The latest addition to the GEOLANDAR brand of tires for SUVs and pickup trucks, the GEOLANDAR CV 4S will be launched from this autumn in North America, Europe and then South Korea. The new tire will be […]
Production volume of Indian tyre makers is set to rise 6-8% on-year to a new high of 2.7 million tonne in fiscal 2024, driven mainly by higher replacement demand, and steady demand from commercial vehicles (CVs) and passenger vehicles (PVs). This, even as exports could see a decline. Production volume growth this fiscal, while moderating […]
Bridgestone India today announced the winners of the 3rd Edition of the Mobility Social Impact Awards, an initiative aimed at recognising and celebrating innovative solutions that positively impact the mobility landscape in India. The award ceremony was held in Pune, bringing together industry leaders, innovators, and social change-makers. The winners were rewarded with a total […]
Leading premium tyre manufacturer Continental Tires continues to expand its retail presence in South India, with its first flagship Continental Premium Drive dealership (CPD) in Salem, marking a significant milestone in its commitment to delivering premium tyre solutions to the automotive enthusiasts of the region. With its various expansion initiatives, Continental has been increasing its […]
ASCENSO, a leading Off-Highway Tyre (OHT) manufacturer, has launched the VDR 900 (VF) Radial tyre range specifically designed for machines such as Self-Propelled Sprayers, Tractors, as well as Straddle row dual wheels & Row Crops. The VDR 900 (VF) tyres utilize the latest VF (Very High Flexion) technology and High-Performance Steel Belts, maximizing the tyre’s […]
A survey commissioned by Apollo Tyres has found that a clear majority of European motorists* would not attempt to deal with a tyre puncture at the roadside themselves. Just 46% say they would use the car’s supplied spare tyre or inflation kit, compared to 32% that say they would instead call on a vehicle breakdown […]
Michelin has announced the appointment of Shantanu Deshpande as Managing Director for Michelin in India. Shantanu will be based out of Pune, India. Across his 23-year tenure with Michelin, Shantanu has held various leadership roles in Sales and Marketing, both in India and in other geographies such as North America, Africa, Middle East and Asia. Shantanu […]
In a key women empowerment initiative, Bridgestone India has, in Indore trained over 200 women to become professional drivers and mechanics, under Yantrika Program in association with Samaan Society. 60 women have been trained as two-wheeler mechanics and 149 as drivers. Since June 2023 ten of these women mechanics are part of “Mechanic on Wheels” service, providing servicing of two […]
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 […]