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Goodyear and Bridgestone – Western Manufacturers in India

Although the Indian tyre market is mainly characterised by its strong growth, it still is a market that is relatively self-sufficient. India still imports tyres, and the volume of imports is forever growing. Nevertheless, the import market still accounts for less than three per cent of the total, although decreasing tariffs and duties over the coming years will certainly facilitate tyre imports. But the question remains why Goodyear and Bridgestone remain the only foreign tyre manufacturers to have established their own production base in India – despite all the talk about how important the Indian market, as part of the so-called emerging BRIC states (Brazil, Russia, India and China), is considered to be.

1st February 2007/by Tyrepress Editors

Apollo Launches First Radial Truck/Bus Tyres

(Akron/Tire Review) India’s Apollo Tyres Ltd. unveiled the first of its new Indian made Regal brand radial truck and bus tyres. The line was launched with the Regal Transport RS (steer axle) and the Regal Transport RD (drive axle) at the Bus World exposition taking place in Mumbai, India.

31st January 2007/by Tyrepress Editors

JK Industries to Double OTR Production

JK Industries Ltd. plans to invest up to 1.2 billion rupees (£13.9 million) doubling production of OTR tyres over the next 18 months, according a senior official from the company. This decision is a logical one for the tyremaker, owing to the fact that the net profit margin for the OTR segment is 6 per cent, nearly three times that of truck and passenger car tyres.

31st January 2007/by Tyrepress Editors

Ceat Sets Out Expansion Plans

Ceat Limited has outlined a £76 million capital expenditure plan spread over the next three years. The plan includes setting up of two greenfield plants, one for radials and the other for speciality tyres. This is a more ambitious plan than previously reported, as the company was expected to establish a single plant where all the above-mentioned activities would take place.

30th January 2007/by Tyrepress Editors

Ex-BKT Manager to Join Alliance Takeover-Bid

Former Balkrishna Industries Ltd. executive director Yogeshkumar (Yogesh) Mahansaria and his brother Ashokkumar have reportedly quit the fast-growing Indian tyre producer, citing “family differences” as the reason. Yogesh has now teamed up with US equity firm Warburg Pincus to acquire Israel’s Alliance Tire for US$45 million. Alliance has been in negotiations with the two buyers, and the transaction is expected to be completed before June. The Alliance purchase forms part of a new venture that Yogesh Mahansaria has been quoted as saying he intends to float in the near future.

30th January 2007/by Tyrepress Editors

Apollo Tyres Deemed ‘Good Investment’

Research analysts in India have given Apollo Tyres their stamp of approval as a good investment due to the tyremaker’s focus on product development, expansion plans and increasing international presence.

29th January 2007/by Tyrepress Editors

Phoenix Yule to Expand Capacity by 60 per cent

(India/Rubber Asia) India’s largest manufacturer of steel cord reinforced converyor belts, Phoenix Yule, has announced plans to expand its capacity by as much as 60 per cent. Phoenix Yule is the company created by the privatisation of the conveyor belts division of the public sector Andrew Yule. According to Rubber Asia, currently 74 per cent of its 460 million rupee (£5.26 million) paid-up equity capital is held by Phoenix of Germany, while the rest is with the Government.

29th January 2007/by Tyrepress Editors

Conti Signs Deal with India’s Metro Tyres

Indian tyremaker Metro Tyres is planning the production of tubeless motorcycle tyres as part of a technical collaborative deal with Continental AG. The tyres will initially be manufactured principally for overseas markets, although domestic sales will follow at a later date.

24th January 2007/by Tyrepress Editors

Tyre Aftermarket in India Growing: Frost & Sullivan Report

(Akron/Tire Review) A new report from Frost & Sullivan, entitled “Indian Tire Aftermarket,” shows that the Indian tyre aftermarket earned revenues of $1,461.7 million in 2005 and estimates revenues to reach $3,414.6 million in 2012.

23rd January 2007/by Tyrepress Editors

Brityrex International 2007 Puts Global Marketing Drive into Gear

A major marketing campaign is underway to attract visitors from around the world to this year’s Brityrex International 07 show at the G-MEX Exhibition Centre in Manchester. More than 60,000 free entry tickets to the exhibition are being distributed throughout the UK tyre industry and to professionals around the world. Each exhibitor at May’s show also has the opportunity of taking hundreds of tickets to attract their own customers and contacts to the event.

23rd January 2007/by Tyrepress Editors

Apollo Wins Two Awards

Apollo Tyre’s new UHP Aspire has been voted Automotive Product of the Year by NDTV Profit and Car India magazine. The W-speed rated tyre – safe to up to 270km/h – was awarded this distinction by India’s leading business television channel and the popular car magazine at a function in Mumbai attended by leading representatives of India’s automotive industry.

At a separate awards ceremony, this time in New Delhi, Apollo was awarded a commendation for its road safety campaigns. Throughout the past year Apollo has undertaken to increase road safety awareness by highlighting correct tyre maintenance procedure. The commendation was given by the Institute of Road Traffic Education as part of their 2006 awards programme, and Apollo was the only commercial entity, alongside seven individuals and non-profit groups, to be granted such a distinction. Apollo intends to continue its road safety programmes in 2007.

16th January 2007/by Tyrepress Editors

Dunlop India Resumes Production

Tyres are reportedly rolling off the Dunlop production line in Sahagunj, India, for the first time since 2001. The factory, located in the state of Bengal, is initially focusing on manufacturing Earthmover tyres, although the production of other types of tyre should commence before mid 2007. The workforce at Sahagunj numbered 473 the day work resumed, but this number should increase to about 1,200 during the coming months.

15th January 2007/by Tyrepress Editors

Indian Fleet Owner Looks to China

In a move that shows that not even up and coming players in the tyre world can afford to be complacent, a large Indian transport provider has ordered a trial run of tyres from China to evaluate their value for money.

12th January 2007/by Tyrepress Editors

MRF to expand capacity at three locations

India’s largest tyremaker, MRF, recently outlined its plans for expansion at three of its factories. The expansion is estimated to cost somewhere between £58 and 70 million, and will be implemented over a period of two years.

12th January 2007/by Tyrepress Editors

Straight Set to Apollo

Indian tyremaker Apollo Tyres has reaffirmed its commitment to the development of professional tennis in its homeland by signing up a doubles team to compete in the 2007 ATP and Grand Slam Tours. The two players are top Indian player Mahesh Bhupathi and the Czech Republic’s Radek Stepanek.

11th January 2007/by Tyrepress Editors