Tag: India
Beware cheap waste tyre collection offers – TRA urges retailers
The Tyre Recovery Association has urged tyre retailers, vehicle dismantlers, and others who need to dispose of waste tyres to beware unrealistically low rates. Reprocessing costs are soaring, as Tyrepress previously reported, and measures by Asian authorities, especially in India, are countering the trade imbalance that has artificially lowered the cost of exporting waste tyres to the continent. Tyre Recovery Association secretary general Peter Taylor explains that rates hit historic lows over the past year or two due to often questionable treatment processes in the region.
JK Tyre reduces pay for management in “unprecedented” times
Apollo Tyres shared last Friday that its senior management would take a pay cut in response to market pressures related to the coronavirus pandemic, and yesterday the team at JK Tyre & Industries announced similar measures.
Lockdown stops tyre production in India
The lockdown now in place across India is one of the most radical measures seen to date during the COVID-19 pandemic. As a result, tyre production has come to a standstill at plants across the country. While India’s government exempts the manufacture of “ essential commodities” from the three-week lockdown it hasn’t provided clarity as to what products it considers essential. Therefore it is unclear when tyre manufacture will recommence within the country.
Apollo Tyres suspends production at four plants in India
Several states across India have announced lockdowns in order to better deal with the COVID-19 outbreak, and as a result Apollo Tyres Ltd. has halted operations at its plants in Kalamassery & Perambra (Kerala), Limda (Gujarat) and Chennai (Tamil Nadu) until 31 March. In addition, employees in the company’s offices have been instructed to work from home.
Tribunal approves Ceat Specialty Tyres merger
Ceat Limited reports that the Mumbai Bench of India’s National Company Law Tribunal (NCLT) approved the Scheme of Amalgamation for the merger of the wholly-owned subsidiary Ceat Specialty Tyres Limited with Ceat Limited. The NCLT granted approval on 13 March.
India’s ATMA appoints new chairman, vice chairman
The organisation representing India’s tyre makers has a new chairman, with KM Mammen being appointed to the role. Mammen, who is chairman and managing director of MRF Ltd., is joined in the Automotive Tyre Manufacturers Association’s (ATMA) leadership team by Anshuman Singhania as vice chairman. Singhania is a director at JK Tyre & Industries Ltd.
Phase 2 trial production starts at BKT’s carbon black plant
Balkrishna Industries Limited (BKT) reports that it commenced trial production for the second phase of its carbon black facility in Bhuj, India on 12 March. Trial production at the currently 80,000 tonne per annum facility began ahead of schedule, the tyre maker adds.
CEAT inaugurates Tamil Nadu Factory
In mid-February CEAT inaugurated its new Sriperumbudur, Chennai factory in Tamil Nadu region of India.
Ceat begins production at newest plant
Commercial production at Ceat Ltd.’s new production facility near Chennai, India began yesterday, reports the tyre maker. Ceat says production capacity at the plant in Sriperumbudur Taluka will now be “ramped up progressively in a phased manner” up to a daily capacity of 28,500 car tyres and 2,500 motorcycle tyres.
Tyre recovery prices could double
Tighter waste recovery practices in India will drive “a big increase in recovery costs across Europe and beyond”, according to industry body the Tyre Recovery Association (TRA). Together with similar moves in some other SE Asian countries, the TRA warns vehicle dismantlers and tyre retailers that disposal costs could “as much as double” in the coming weeks and months.
Yokohama develops tyre for Maruti Suzuki concept EV
India’s car market leader Maruti Suzuki has unveiled a new concept vehicle ahead of the Auto Expo 2020 show, which begins tomorrow. Called the Concept Futuro-e, the SUV coupe gives a taste of what can be expected from the car maker’s ‘Mission Green Million’ plan to sell a million low emission vehicles in the next few years. Yokohama has developed a BluEarth tyre for the concept.
United We Play – Apollo Tyres & Man Utd promoting young football talent in India
Apollo Tyres has partnered with Manchester United F.C. for more than seven years, and an important aspect of this engagement has been the nurturing of young football talent. The latest programme has now been launched in India and involves the Manchester United U-18 team, which in May will visit the country for the first time.
India considering higher duties for imported tyres
The 2020 Budget that India is scheduled to present on 1 February is expected to include changes to basic customs or import duty on more than 300 products. Tyres are one of them, and prices for tyres imported into India may soon rise dramatically. In its recommendations to the country’s Ministry of Finance, India’s Commerce and Industry Ministry has proposed increasing customs duty on pneumatic tyres, now 10-15 per cent, to 40 per cent.
Apollo Tyres partners with truck manufacturer for India healthcare initiative
Under a new partnership with commercial vehicle manufacturer Ashok Leyland, Apollo Tyres will provide healthcare facilities to truckers at a major transport hub in southern India. The tyre maker describes this collaboration as “a unique, first of its kind partnership.”
Mahansaria Tyres comments on EATD acquisition
Commenting on its agreement in principle to buy a majority stake in European Agriculture Tyre Distributor (EATD), Mahansaria Tyres Private Limited (MTPL) states that it intends to build a global, market leading off-highway tyre business. MTPL describes the acquisition as its first step towards building its distribution network in Europe and developing EATD into “a leading" European distributor. EATD has also announced that it will distribute MTPL tyres in Germany, Austria, Switzerland, Belgium, Netherlands, Czech Republic, Slovakia and Poland, along with continuing to act as a distributor for Tianli tyres.