Capacity expansion: TVS Srichakra signs MoU
Tyre maker TVS Srichakra has signed a Memorandum of Understanding with the government of India’s Tamil Nadu state in order to facilitate the investment to expand capacities at its plant in Madurai.
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BKT’s Bhuj site gains ISO/IEC 17025:2017
Specialist off-highway tyre maker BKT has gained ISO/IEC 17025:2017 certification for the tyre testing and calibration capabilities within the laboratory at its Bhuj plant in India’s Gujarat state. Certification was awarded by the National Accreditation Board for Testing and Calibration Laboratories (NABL) according to international standards.
Apollo launches Amazer XP for India’s growing eco segment
Apollo Tyres has unveiled a new eco-oriented tyre developed by its R&D facilities in Europe and India and offering a “best in class rolling resistance coefficient.” The tyre maker says the Apollo Amazer XP complies with BS VI, India’s equivalent of Euro 6 standards, and is electric vehicle ready. Apollo will initially only sell the Amazer XP range in India, including as an original equipment tyre for several vehicles.
India: Tyre makers’ operating profits to exceed pre-corona levels
According to S&P Global’s CRISIL Ratings, the tyre industry will be one of the few sectors in India where operating profits surpass pre-crisis levels. Examining its rating of the country’s six leading tyre manufacturers, CRISIL forecasts that their operating profit will grow by six to eight per cent in the 2021 fiscal year (1 April 2020 to 31 March 2021), with favourable input prices and higher realisations helping to offset a four to six per cent decline in volumes.
Apollo launches e-commerce portal for car, motorcycle tyre direct sales in India
ApolloApollo Tyres is selling car and two-wheeler tyres direct to customers in its domestic market. The company launched its e-commerce portal in India on 22 December, 2020. The site allows consumers to purchase tyres online and book an appointment with Apollo Tyres’ dealer nearest to their location to get the tyres fitted and serviced. The service is initially available in Delhi NCR, Bengaluru, Mumbai and Kochi. Apollo plans to expand the service to other cities across the country.
Continental expanding truck tyre capacity in India
During the next 18 months, Continental plans to “significantly expand” truck tyre production at its Modipuram, Uttar Pradesh factory in India. The expansion is designed to enable increased export volumes to the Asia Pacific (APAC) region, local news sources reported, citing a Continental statement.
Goodyear enters lubricants segment in India
Goodyear has reportedly entered the automotive lubricants segment in India. Goodyear is collaborating with Assurance International, a part of Satya Group, in the venture which focuses on a new line of engine oils that are designed to complement Goodyear’s tyre product portfolio. According to local news sources, the product line includes “greases, brake fluid, transmission oil, tractor oil, diesel exhaust fluid, gear oil and hydraulic oils”.
Football: Ceat becomes official tyre of India’s Jamshedpur FC
India’s Ceat Limited is no newcomer to football, having sponsored Italian Serie A club Torino FC since 2018. Nor is the strategic partner to the Indian Premier League cricket cricket series a stranger to sports sponsorship within its homeland. But the tyre maker hasn’t engaged in football in India – until now. Ceat has signed on as the official tyre partner of Jamshedpur FC for the Indian Super League 2020-21.
Contactless COVID-19 centre opens at BKT’s Bhuj plant
BKT has set up one of the first-ever contactless E-ICU, COVID-19 treatment facilities to be built in India outside of a hospital. The centre is located at the tyre maker’s Bhuj site, and its doctor and eight healthcare workers are responsible for treating workers and their families affected by coronavirus.
Pre-launch testing for BKT’s 57” rigid dump truck tyre
Following a corona-related delay, off-highway tyre specialist BKT is gearing up to introduce a new, supersized OTR tyre. It has now produced a prototype of its BKT Earthmax SR 468, a size 40.00 R57 tyre developed for use on rigid dump trucks. Over the coming months, the tyre maker’s engineers will test the prototype ahead of the line’s market debut.
Anshuman Singhania appointed MD of JK Tyre
JK Tyre & Industries Ltd. has named Anshuman Singhania as a managing director of the company. He took over this remit yesterday and will serve a five-year term.
Cutting ‘bad’ costs, working smarter – Apollo MD Neeraj Kanwar answers T&A’s questions
One way or another 2020 has been an eventful year for all of us. The same is true at Apollo Tyres where, at a global level, the company has had to navigate pandemic-related production pauses and restarts along with new factory openings and the decision to enter the two-wheel segment. At the same time as continuing to develop the Apollo brand, the company has also given the Vredestein brand a big push during the last month or so. First, with the launch of a new all-season range, then with the introduction of a new North American tyre line-up and – in order to support both – a pitch-side advertising partnership with Manchester United football club. Tyres & Accessories recently interviewed Neeraj Kanwar, vice chairman and MD, Apollo Tyres Ltd in order to find out more.
This interview appears in full in the November edition of Tyres & Accessories magazine. Not yet a subscriber? You can change that here.
MTP opens US$100 million off-highway tyre factory in India
MTPMahansaria Tyres Private Limited (MTP) commenced manufacturing at its greenfield off highway tyre factory in Panoli, in the western Indian state of Gujarat.
Yokohama investing US$165 million in new India OTR tyre factory
ATG, YokohamaThe Yokohama Rubber Co., Ltd. is set to build a new plant at Atchutapuram Industrial Park, Visakhapatnam, Andhra Pradesh, India to expand ATG’s (Alliance Tire Group) tyre production capacity. The new plant will have a daily production capacity of 55 tons (rubber weight), with planned capital investment totalling US$165 million. Construction will start in the third quarter of 2020 and the new plant is scheduled to come on line in the first quarter of 2023.
BKT sponsors 6 IPL cricket franchises
BKTOTR and agricultural tyre manufacturer BKT is extending its sponsorship of the shortest form of professional cricket, following its deal with Australia’s Big Bash League. In the 2020 season of the Indian Premier League, the most high-profile domestic T20 event, the multinational group from India will support Mumbai Indians, Chennai Super Kings, Delhi Capitals, Kings XI Punjab, Kolkata Knight Riders and Rajasthan Royals.
