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India Reviewing Nylon Tyre Cord Anti-Dumping Policy

India has initiated a sunset review of Anti-dumping duty on imported Nylon Tyre Cord Fabric from China. The review has been called for as by the domestic industry as Indian companies in this sector wish to see the current anti-dumping duty both continued and enhanced. Notification of the review, released by India’s Department of Commerce on September 16, states that “dumping has continued in spite of imposition of antidumping duty on import of the subject goods from China PR and the domestic industry continues to suffer injury on account of dumping from the subject country.”

25th September 2008/by Tyrepress Editors

Smuggled Tyres Putting the Squeeze on Indonesian Manufacturers

Domestic tyre sales in the Indonesian market dropped four per cent during August, allegedly the result of a market saturated with cheaper tyres smuggled from China and India. According to Indonesian Tire Producers Association chairman Aziz Pane, illegal tyres have been entering the Indonesian market since July and are making life difficult for the producers of their local counterparts.

“Illegally imported tyres, in the hundreds of thousands, have partly taken over the domestic market,” Pane told the Jakarta Post. “Local tyre producers sold 3.7 million tires in August, down from 3.89 million in July.” According to the association, tyres produced in China and India are sold in Indonesia for between 10 to 30 per cent less than locally made tyres.

23rd September 2008/by Tyrepress Editors

Indian Government May Offer Fuel-Efficient Incentives

The Indian government is pondering whether to offer fiscal incentives to popularise fuel-efficient radial tyres for trucks and buses, the country’s news media is reporting. It is thought that the tyres could save automotive fuel worth 200,000,000 rupees (2.4 billion pounds sterling) annually. The package would include exemption from excise duty, a reduction in import duty on machinery and a concessional VAT rate for a ten-year period.

By doing so, the Indian government would hope to increase the manufacturing of radial tyres within India, and boosting its market share to 25 per cent. The current level is between 4 and 5 per cent, an official in department of industrial policy and promotion told The Economic Times. The Automotive Tyre Manufacturers’ Association has demanded the incentive package that would reduce the cost of radial tyres by 30 per cent, added the source.

18th September 2008/by Tyrepress Editors

Indian Rubber Production Rises 18 Per Cent

Natural rubber production surged upwards by 18 per cent in India in August, claims the national Rubber Board. 72,000 tonnes of rubber were produced in the month, with India seeing helpful climatic conditions. The figure dwarfs the 60,850 tonnes produced in August 2007. There was also a rise in Indian consumption of said rubber, though the proportional rise was a mere 4 per cent at 78,000 tonnes (2007: 75,105 tonnes).

Senior Rubber Board officials told the media that the rise comes on the back of “an increase in the production and export of vehicle tyres.” During the period under review, the export of natural rubber shot up by 65 per cent to 2,341 tons against 1,416 tons, while import witnessed a slump of 150 per cent to 2,726 tons, compared with 6,839 tons in the same period last year.

12th September 2008/by Tyrepress Editors

Falcon vs. Dragon: Indian Court Throws out TVS Plea

While the prospect of a Dragon fighting a Falcon seems attractive to the PlayStation generation, 12 September’s court hearing in New Delhi ended with both creatures standing to meet another day. The P K Ruia Group can continue to sell Falcon tyres with similar tread patterns to Dragon tyres, much to the chagrin of TVS Srichakra, the manufacturer behind the Dragon.

Justice SB Sinha said that Falcon, based in Karnataka, could go ahead with its product design, despite TVS’s submission that “it was the registered owner of a particular design of tread pattern for its tyres marketed under brand ‘Dragon’ and the same was developed after spending stupendous amounts on R&D,” according to Indian news source, The Economic Times.

12th September 2008/by Tyrepress Editors

Automechanika Malaysia to Promote ASEAN Auto Industry

Automechanika Malaysia (previously known as Automechanika Asia) will take place at the Kuala Lumpur Convention Centre, Malaysia’s most modern event facility between 25 – 29 March 2009. Over the past six years, Malaysia External Trade Development Corporation (MATRADE) has extensively promoted this fair as part of the Malaysian Government’s initiative to further develop the automotive industry in Malaysia and across the ASEAN region.

The last fair, held for the first time in the Kuala Lumpur Convention Centre during 2007 attracted more than 5,480 buyers from 60 countries and regions. There was strong attendance from China, India, Indonesia, Pakistan, Singapore, Taiwan and Thailand, supporting the majority of visitors from Malaysia. Altogether in 2007 there were 151 exhibitors from 18 countries and regions at the fair: Australia, Canada, China, Germany, Hong Kong, India, Indonesia, Italy, Japan, Korea, Malaysia, Mexico, the Netherlands, Singapore, Spain, Taiwan, Thailand and the United Kingdom.

11th September 2008/by Tyrepress Editors

India Not Planning to Cut Rubber Import Duty

Indian officials are not planning to cut rubber import duties, despite the efforts of tyre manufacturers who had been lobbying for a reduction. India has imported about 24,410 tonnes of rubber for April to August 2008, Rajiv Budhiraja, director general of the All India Tyre Manufacturers’ Association, told Reuters. India imposes a 20 per cent duty on import of rubber, but only 7.5 percent on import of finished tyres, enabling the import of cheaper foreign tyres, especially from China. India is the fourth largest rubber producer in the world, producing over 950,000 tonnes annually.

9th September 2008/by Tyrepress Editors

IBDA Forecasts Battery Price Increases

The Independent Battery Distributors Association is warning members to expect further increases in battery prices due to significant rises in material costs. Battery manufacturers have been adversely affected over the last few years by dramatic increases in the price of lead due to growing worldwide demand, particularly in Eastern Europe, China and India.

Warning of inevitable increases Godfrey Ferris, IBDA Secretary, explains: “Lead prices did fall earlier this year but are again on the rise and it is expected that this trend will persist. Whilst the current cost of $2,000per ton is still short of the $3,000 reached earlier this year, other factors have arisen that far outweigh this temporary respite.

8th September 2008/by Tyrepress Editors

Hayes Lemmerz Increases Adjusted EBITDA Guidance for 2008

On September 4 Hayes Lemmerz International announced it is increasing its fiscal 2008 Adjusted EBITDA guidance as it reported substantially improved Adjusted EBITDA, core operating earnings and liquidity for the second fiscal quarter ended July 31, 2008.

“We are increasing the Company’s Adjusted EBITDA guidance for fiscal 2008 to $225 million to $240 million, up $20 million from prior guidance of $205 million to $220 million,” said Curtis J. Clawson, president, CEO and chairman of the Board. “Capital expenditures have been reduced for the year and are now expected to be between $90 million to $100 million, down $5 million from prior guidance of $95 million to $105 million. We are also affirming the Company’s sales guidance of $2.1 billion to $2.3 billion for fiscal 2008.”

5th September 2008/by Tyrepress Editors

Apollo to Open Signature Stores

Apollo is to follow car manufacturers BMW and Fiat by opening its own signature stores to display and sell its products within India. The decision can be seen equally as a commercial and a prestige move. While the stores – which will be split between Apollo Radial World (ARW) stores for passenger cars and Apollo Trust (AT) for commercial customers – will open across the country, the ability to promote solely Apollo products through eleven flagship ARWs – the first of which has opened in Patiala – is undoubtedly appealing. This fiscal year will see also see 100 AT stores open nationwide, should the company’s plans be fulfilled.

4th September 2008/by Tyrepress Editors

Apollo Launches ‘Technology Benchmark’ Cross-Ply Tyre

More than 65 per cent of the revenue generated by India’s tyre industry is derived from commercial vehicle tyres, and in this segment Apollo Tyres holds claim to being the clear market leader. The subcontinent is witnessing a gradual shift in usage trends, and while radialisation is beginning to make its presence felt, customers still reliant upon cross-ply technology also seek to benefit from improvements that deliver a better cost-per-kilometre ratio.

2nd September 2008/by Tyrepress Editors

Construction of Apollo Chennai Factory to Start by Late October

A company source indicates the new Apollo Tyres greenfield radial facility in preparation on the outskirts of Chennai, India, will enter operation late next year. The Hindu Business Line newspaper was informed that the plant’s first construction phase will commence by the end of October at a cost of 10 billion rupees (£125.7 million). Overall, development of the 135 acre site, which will deliver a daily capacity of 200 tonnes, will cost 22 billion rupees (£276.5 million).

The source further commented that Apollo has become a “high-performance company” and the leading Indian tyre manufacturer with revenues of over US$1.2 billion. “It is built around the core principles of creating stakeholder value through reliability in its products and dependability in its relationships,” he said. The company has a network of over 4,000 dealerships in India, of which over 2,500 are exclusive outlets. In South Africa, it has over 900 dealerships, of which 190 are Dunlop Zones, the source added.

2nd September 2008/by Tyrepress Editors

Rösler Group to be a “Total EM Tyre Management System Provider”

The path of development follows a natural course and is absolutely logical: First the Rösler group covered all facets of earthmover tyre retreading, then entered the original equipment market with the “Winstone” brand of new tyres – and now the company has taken the final step in regard to its range of products and services for mine and opencast pit end users. The company is already on target on its “way to being a Total EM Tyre Management System Provider,” says Klaus Mühlbäck, international business Vice President for ‘Rösler Tyre Innovators’; a company title that made its debut several months ago at the Essen tyre show.

28th August 2008/by Tyrepress Editors

Tyre Industry Set to Take Larger Slice of India’s NR Cake

The share of natural rubber consumed by the tyre industry in India is likely to increase in the years to come, says the Automotive Tyre Manufacturers Association (ATMA). At a presentation in the city of Kochi, ATMA director general Rajiv Budhraja commented that the consumption of natural rubber by the tyre sector has been consistently increasing, and at present the sector consumes 57 per cent of all natural rubber produced in India. However he added that demand-supply imbalanced and volatile prices in the domestic natural rubber market might cause the tyre sector to become more dependent upon imported rubber in the future.

22nd August 2008/by Tyrepress Editors

Dunlop India Test Marketing Sumitomo PCR Tyres

Dunlop India has reportedly begun the test marketing of passenger car radials produced by Sumitomo. These tyres will be sold in India under the Dunlop brand name.

The company’s plans to import passenger car radials is in addition to its TBR and OTR tyre imports, a current necessity for Dunlop. “We are facing technical problems in stabilising the production at Sahagunj beyond 50 tonnes a day,” commented Ruia Group chairman Pawan Kumar Ruia. “Until the problem is over, we cannot go for the slated capacity expansion.

21st August 2008/by Tyrepress Editors