India
One of the owners of Birla Tyres says that the Indian tyre maker will soon make a market comeback with a new range of products. Anurag Choudhary, chief managing director and chief executive officer of Himadri Specialty Chemical Ltd, told the Times of India that Birla Tyres will relaunch by 2025 and offer a product portfolio that includes OTR tyres as well as both cross-ply and radial products.
BKT confirms that it has completed work on a new tyre mould plant at its Bhuj site in Gujarat, India. The tyre maker states that, as planned, it invested a capital expenditure of Rs 3 billion (£27.7 million) into this project.
CEAT Specialty Tyres, in collaboration with Tractor Junction, presented the 5th edition of the Indian Tractor of the Year Awards (ITOTY) on 10 July 2024. Held at the prestigious TAJ Vivanta Dwarka in New Delhi, India, the event brought together OEMs, farmers, customers, influencers, media, and industry leaders to celebrate advancements and innovations in the tractor sector.
Indian tyre makers MRF Ltd. and JK Tyre & Industries have published their annual reports for the 2023-24 financial year ahead of their respective annual general meetings on 1 and 2 August. Both documents can be read and downloaded here.
Leading Indian truck and bus radial (TBR) manufacturer, JK Tyre & Industries has introduced its new and advanced range of commercial tyres for the transportation sector. The company introduced four new variants, the Jetway JUM XM, Jetway JUC XM, Jetsteel JDC XD, and the Jetway JUXe for electric buses. JK Tyre states that the expansion of its product portfolio underscores its “dedication to providing advanced, high-performance solutions that combine superior performance, economic benefits, and environmental responsibility.” It said the launch was a “significant milestone” in its commitment to driving sustainable mobility solutions; the tyres are designed to enhance performance, operational efficiency, cost savings and sustainability.
JK Tyre & Industries reports that it has become the first tyremaker in India to receive the prestigious International Sustainability and Carbon Certification (ISCC) Plus for its Chennai plant. Achieving ISCC Plus certification requires compliance with numerous criteria, including the traceability of raw materials, adherence to environmental regulations, preservation of ecosystems, upholding labour and human rights, and promoting sustainable economic development. The final audit for this certification was conducted by the Indian counterpart of the certification body based in Kolkata.
JK Tyre & Industries has joined forces with EKA Mobility, a leading player in the electric mobility sector with Mitsui Co., Ltd. (Japan) & VDL Groep (Netherlands) as equity partners. The long-term agreement was signed in Pune in the presence of Sanjeev Sharma, AVP, Fleet Management & Mobility Solutions, JK Tyre and Vijaykumar Yelne, President of EKA Mobility.
During a recent earnings call, JK Tyre & Industries’ managing director, Anshuman Singhania, shared that the company is investing Rs 14 billion (£131.76 million) to increase its production capacities for TBR, PCR and ASLTR (all-steel light truck radial) tyres. He commented that these projects are “under implementation and progressing well.”
Maxion Wheels, a global leader in wheel manufacturing for various automotive sectors, has announced an initiative in collaboration with the Brazil-based Iochpe Foundation and India’s Savitribai Phule Pune University. The partners are introducing the foundation’s Formare academic scholarship programme, well-established in Brazil and Mexico, into India.
Apollo Tyres has announced a “significant partnership” with India’s National Automotive Test Tracks (NATRAX), one of the country’s leading providers of testing and validation services. The partners are establishing a test track for validating electric vehicle tyres and low rolling resistance tyres. According to Apollo Tyres, this dedicated testing facility for EV manufacturers is the first of its kind in India.
Fornnax introduced the SR-200 HD Dual-Shaft Primary Shredder at India Rubber Expo (IRE) at the Bombay Exhibition Centre in Mumbai on 20 March. According to the company, “the SR-200 HD marks a significant leap in recycling technology, demonstrating Fornnax’s dedication to engineering excellence and sustainability.”
JK Tyre & Industries Ltd has inaugurated its 22nd brand shop in the Tamil Nadu region, thereby further expanding the company’s 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 company. JK Tyre reports that it now has 92 branded truck tyre retail centres across India.
“Britain will be the environmental sick man of Europe if government doesn’t act soon to update waste regulations,” according to the Tyre Recovery Association (TRA). Revealing the correspondence underway with the Secretary of State for the Environment and his department, the TRA statement makes public the issues the UK government are reportedly failing to engage with.
India’s light vehicles (LV) market is on the cusp of a record-breaking year, with a confluence of economic, political, and market factors aligning to drive growth. Robust economic expansion, the government’s fiscal stimulus, sustained demand for SUVs, and new model activity are expected to drive wholesales to a record-high of 4.9 million vehicles in 2024, forecasts data and analytics company GlobalData.
Tyre maker Ceat Ltd is bowling another over in its sponsorship of the Indian Premier League (IPL). The company first partnered with the men’s Twenty20 cricket league in 2015 and renewed the arrangement for a further five years in 2018. The Board of Cricket Control in India has now confirmed its selection of Ceat as an IPL Official Partner.
If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.
JK Tyre