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Apollo at the “Cusp of a New Dawn”, states Onkar Kanwar

The 2009-10 financial year was, for Apollo Tyres, a year in which the company “walked new geographies, met different people, mingled with various cultures, learnt new lessons, and have been amply rewarded for our keenness to explore newer pastures and challenges.” These words from company chairman Onkar S Kanwar describe a period of massive change for the tyre maker, a time of transition that has seen Apollo emerge as an entity operating on a global level.

29th July 2010/by Tyrepress Editors

Rubber Costs Cause Shrink in MRF Quarter Profits

Net profit at India’s MRF Ltd dropped significantly year-on-year during the first quarter of the current financial year. The company recorded profits of only Rs 610 million (£8.41 million) in the three months to June 30, a much more modest figure than the Rs 1.26 billion (£17.38 million) achieved a year earlier. This profit slump occurred despite sales rising from Rs 14.34 billion (£197.59 million) in the first quarter of 2009 to Rs 19.244 billion (£265.26 million) this year.

28th July 2010/by Tyrepress Editors

Bridgestone India Safety Campaign Backed by Web Game

Bridgestone’s campaign to increase the safety consciousness of drivers in India has been reinforced with a new website. The site – www.thinkbeforeyoudrive.in – offers a simple Flash “Survivor Race” game, illustrating the gremlins lining India’s roads; a “Crash Test Garage”, which amusingly illustrates the dangers of driving without a seatbelt and other foolish mistakes; a section of “Safety Tips”, including downloads; and the ubiquitous link to join Bridgestone India on social networking websites Facebook and Twitter.

26th July 2010/by Tyrepress Editors

India Car Tyre Market to Grow 8.8% by 2014

Market research firm RNCOS is predicting that the Indian passenger car tyre market will grow an impressive compound annual growth rate (CAGR) of 8.8 per cent 2010 and 2014. According to the “Indian Tyre Industry Analysis”, the Indian tyre industry is one of the fastest growing industries in the world.

20th July 2010/by Tyrepress Editors

Lockout Declared at Birla Tyres Plant

India’s Kesoram Industries Ltd has notified the Bombay Stock Exchange of the declaration of a lockout at its Birla Tyres plant in Orissa as of July 16. This measure has been taken, the company says, in response to a strike that took place the previous day. In a corporate filing, Kesoram stated the workers “are forcibly squalling inside the factory premises of the said section in an illegal manner.”

20th July 2010/by Tyrepress Editors

First OE Tyres Shipped From Apollo’s Newest Plant

The first shipment of original equipment tyres left Apollo Tyres’ new factory in the city of Chennai. A batch of 500 Acelere passenger car tyres were despatched to Hyundai Motor India Limited on July 20. To mark the occasion, the Indian National flag and the Apollo flag were formally hoisted at the entrance of the Plant by Apollo’s chief of projects and unit head.

20th July 2010/by Tyrepress Editors

Apollo Holds Annual Monsoon Road Safety Campaign

Motorists in India have the monsoon season to contend with, but this season of deluge rains and strong winds can be more effectively tackled with planning and preparation. Therefore Apollo Tyres has run its ‘Mumbai Monsoon Safe Drive Campaign’ for a fifth consecutive year. Over a five day period in mid-July representatives from the tyre maker distributed safety handbooks at a number of locations in Mumbai, Vashi and Thane. The campaign initially got underway in 2006 following Mumbai’s disastrous monsoon season in July 2005, which claimed more than 400 lives.

20th July 2010/by Tyrepress Editors

Schaeffler Announces Asia Expansion Plans

The Schaeffler Group – the German company best known to us for its dealings with Continental – has given news of its plans to carry out further expansion in Asia, an area in which it says localisation is opening up additional opportunities for growth. Investments totalling 300 million euros will be made in this region, including the construction of two factories in China to supplement the existing manufacturing facilities there which are operating at full capacity, and one factory in India. Construction of the new factories is to be completed by 2012. Research and development capacities in Japan and India will be expanded as part of the investment, and production capacity at the company’s eleven existing manufacturing locations (in China, India, Korea and Vietnam) will also be increased.

20th July 2010/by Tyrepress Editors

Natural Rubber Production Growth Slower than Expected

Data and estimates from the Association of Natural Rubber Producing Countries (ANRPC) indicate global supply of natural rubber will grow this year at a slower rate that previously anticipated. Forecasts based on preliminary estimates and reports available up to mid-June point to a 5.2 per cent growth, lower than the 6.3 per cent rate anticipated in March and 6.1 per cent rate anticipated in May.

14th July 2010/by Tyrepress Editors

XLite Wheels Gains Truck OE Approval

Wheels India’s latest forged aluminium commercial vehicle wheels, distributed under the xlite name in UK and Europe by Manchester-based Motor Wheel Service, have received OE approval. According to the company, three sizes (8.25 x 22.5 inches, 9.00 x 22.5 inches and 11.75 x 22.5 inches) have been awarded the accreditation. The process to obtain certification took four years.

13th July 2010/by Tyrepress Editors

Indian Tyre Shortage Non-Existent, say Tyre Makers

An article printed by India’s DNA indicates that the country’s alleged tyre shortage is actually non-existent. In introducing the topic, DNA comments that while vehicle manufacturers such as Tata Motors and Ashok Leyland have blamed domestic market tyre shortages for their increased reliance upon tyres imported from China, the tyre makers themselves see the situation differently – DNA states that officials from Apollo Tyres, JK Tyres and Ceat all say there is no tyre shortage in India whatsoever. Instead, the issue centres on the vehicle manufacturers’ unwillingness to pay more for domestically produced tyres than they would for those imported from China.

12th July 2010/by Tyrepress Editors

Russian Tyre Prices to Rise 5 – 10%

The global tendency towards increased tyre prices could also be affecting product costs on the Russian tyre market. According to a poll conducted by Russian website topof.ru, manufacturers “unanimously speak about escalating costs of raw materials, produced both in Russia and abroad.” For companies that import their products from abroad increased transportation costs are said to be a problem. Besides the standard currency fluctuations, tariff rates are reportedly another important factor. The result: “an average delivery costs increase [of] 15 per cent.”

8th July 2010/by Tyrepress Editors

BKT Continues Off-Highway Market Growth

In the off-highway tyre sector, Balkrishna Industries Limited – better known as BKT – is going from strength to strength. When Tyres & Accessories met with senior BKT management at the Reifen 2010 show, we learned the Indian manufacturer holds the ambition of attaining segment leadership within five years and a ten per cent market share. And as the top men at BKT outlined, this goal is no idle dream.

8th July 2010/by Tyrepress Editors

Sonil Ventilfabrik Hosts 27th ITTAC Meeting

Sonil Ventilfabrik recently hosted the 27th Meeting of the Indian Tyre Technical Advisory Committees (ITTAC) Tube & Valve Sub-Committee. The event was held at the Sugati Beach Resort between 1 and 2 July.

8th July 2010/by Tyrepress Editors

India – Demand for Tyres Expected to Increase 20%

Demand for tyres in India is expected to grow 20 per cent in the 2011 financial year, the Economic Times newspaper reports. This current fiscal figure is two per cent higher than in the previous financial year, and is said to be taking place on the back of strong demand for vehicles across all segments.

5th July 2010/by Tyrepress Editors