Tag: India
Marangoni opens 4th Ringtread franchise in India – 4 more on the way
Marangoni’s Ringtread retreading process doesn’t yet have a sizeable footprint within India’s large commercial vehicle sector, but it is growing. The Marangoni GRP Private Limited (MGPL) joint venture that was established in late 2015 recently took on its fourth franchise partner in India. Marangoni says it is also progressing with plans to add a further four franchise partners.
Investigation: India considering duties on Chinese truck tyres
Authorities in India are conducting an investigation into alleged subsidies on truck and bus tyres imported from the People’s Republic of China. According to a document released on Wednesday by the Directorate General of Trade Remedies, a department of India’s Department of Commerce, the investigation is taking place in response to a submission filed by local industry representative the Automotive Tyre Manufacturer’s Association (ATMA) on behalf of tyre makers Apollo Tyres, J. K. Tyre & Industries, MRF and Ceat. Should the allegations be verified, the department will recommend implementing countervailing duties.
Hella opens second electronics plant in India
Hella, the global automotive supplier, has opened a second electronics plant in India. The new production facility in Mehsana, India, north of the city of Ahmedabad in the state of Gujarat, will meet the growing demand for electronic components and strengthen proximity to its local customers.
Ceat’s Anant Goenka give ATRC keynote address
CEAT managing director Anant Goenka will deliver the keynote address at the 5th Asian Tyre & Rubber Conference 2019 (ATRC) on 20 June 2019. The two-day event organised by Asian Business Media, will be held at Hyatt Regency, Chennai on from 20-21 June.
Trelleborg invests in India two-wheel tyre production JV
Trelleborg Wheel Systems is investing in a two-wheel tyre factory in India. According to the company, the investment forms part of Trelleborg’s strategy to “strengthen its positions in attractive market segments”. Currently Trelleborg’s mostly makes two-wheel tyres in Europe. Products include tyres for selected niches, such as enduro and motocross, as well as scooters, mopeds and motorcycles.
Kesoram to spin off Birla Tyres
On 4 December Kesoram Industries Ltd (part of the BK Birla Group of Companies) announced its intention to demerge its Birla Tyres Ltd business. As a result, Birla Tyres will become a listed company with its own shareholders. The demerger is scheduled for 1 January 2019.
Apollo Tyres partners with Indian cricketing great
Extending its sports sponsorship engagement beyond football, Apollo Tyres has entered into a five-year agreement with former Indian international cricketer and team captain Sachin Tendulkar. This is the first time an individual celebrity has served as Apollo brand ambassador.
Michelin becomes IndiGo tyre partner
IndiGo, the largest airline in India in terms of fleet size and passengers carried, has appointed Michelin tyre partner for its entire fleet. Michelin Aircraft Tyre will supply tyres from its Michelin Air range, primarily the Michelin Air X radial, for IndiGo’s Airbus A320 and ATR 72-600 aircraft – a current total of 189 planes.
Apollo: Kerala plant returning to normal levels
Apollo Tyres’ manufacturing facilities in Kerala (located in Perambra and Kalamassery) are now returning to normal production levels, according to the company. Production operations in the two plants were affected by heavy floods in the state which prevented employees getting in to work. Writing in an official statement on the matter, company representatives said: “There is no damage to equipment or property, and all the employees of the company are safe and secure. The production loss due to this natural calamity is 3000 metric tonnes approximately. However, consequential loss of profit is not significant.”
Aiming for market leadership: Apollo investing a further £610 million in India
With the ramp-up of its plant in Hungary, Apollo Tyres Ltd. is growing in Europe. The company also has ambitious plans in its home market of India – it aims to become the country’s leading tyre maker, and is investing to do so. Total investments over the period between 2015 and 2021 approach £900 million.
Maxxis aiming for 15% of India’s two-wheel tyre market, planning additional factories
The Maxxis Group’s first tyre factory in India opened in March. The facility in Gujarat state was set up with an investment of US$400 million and began operating with an initial daily capacity of 20,000 tyres and 40,000 tubes. Maxxis Rubber India shares that original equipment tyres have now begun to be shipped from the 43-hectare Sanand plant to Honda Motorcycle & Scooter India (HMSI), and it plans to supply one million tyres to its OEM partners by the end of the year. Furthermore, the tyre maker intends to complement its recently-opened plant with five additional factories in India that will produce tyres for other segments.
Update: Apollo factories running again
Following serious flooding in Kerala state, India, Apollo Tyres wrote to the stock exchange warning of plan shutdowns in light of the adverse conditions.
Apollo Tyres stops production in flood-affected Kerala plants
Flooding in India’s Kerala state has claimed hundreds of lives since June and forced hundreds of thousands of people to leave their homes. It has also affected industry within the region. In letters sent to the BSE and the National Stock Exchange of India, Apollo Tyres reports that flooding has disrupted production at two of its tyre plants.
Marangoni GRP launches India’s first franchised Ringtread plant
Since late 2015, the Marangoni Ringtread process has been represented in India by Marangoni GRP, a joint venture between the Marangoni Group and India rubber recycler GRP. The joint venture operation has now begun the rollout of a network of franchised retreaders within the country – the first, Autobahn Retreading, has opened its doors in the city of Kochi (Cochin). The Autobahn Retreading plant was officially inaugurated by Giuseppe Marangoni, vice-president of the Marangoni Group, together with GRP’s chief executive officer, Harsh Gandhi.
Apollo commemorates International Day for Conservation of Mangroves
The mangrove conservation project, referred to as ‘Kannur Kandal project’, initiated by Apollo Tyres in partnership with Wildlife Trust of India (WTI), recently commemorated the UNESCO-mandated international day for conservation of mangroves at Kannur, Kerala. Honourable Mayor of Kannur Municipality, Ms E P Latha was the chief guest at this half-day event, which was attended by senior government and forest officials, representatives of Apollo Tyres and WTI, Community Members and Academia.