Page 3 - Tyre Makers

Ceat Q2 net profit skids 77% to Rs 42 crore on higher input costs

Tyre maker Ceat Ltd on Monday reported a 77 per cent decline in consolidated net profit at Rs 42.28 crore for the second quarter ended September 30, impacted by higher input costs

Tyre manufacturer Ceat raises stake in Tyresnmore Online to 46%

Tyresnmore Online is a digital platform for purchasing tyres and fitting services

French tyre group Michelin raises 2021 targets as demand rebounds

French tyre maker Michelin raised its 2021 financial targets on Monday after a strong rebound in the tyre markets and gains in market share in the first half of the year

Tyre major Ceat reports first quarter profit at Rs 23 crore

The spike in commodity prices has impacted gross margins

Higher capex spends likely to impact tyre maker Ceat's return ratios

Muted near term outlook given raw material costs, lower demand

MRF reports 51% dip in net profit at Rs 332 cr in fourth quarter

Shares of the company were trading 2.39 per cent down at Rs 82,898 apiece on the BSE.

Goodyear India posts threefold jump in Q4 profit after tax to Rs 43.22 cr

Tyre maker Goodyear India on Thursday reported over threefold jump in its profit after tax (PAT) to Rs 43.22 crore for the March 2021 quarter.

Bridgestone unlocks 7 million euros in 9 months, helped by Freepay

As the government had been emphasising on extending the credit term to dealers and small vendors, the company took it in the right stride

Demand revival to sustain healthy revenue growth for tyre makers

After a strong Q3, margins may come under pressure due to rising raw material costs

Tyre maker TVS Srichakra's profit rises 124% to Rs 46.32 cr in Q3

During the third quarter, the company's revenue rose to Rs 553.31 crore from Rs 497.54 crore in the year ago period, an increase of around 11.20 per cent

French tyre major Michelin to hike prices in India by 8% from March

The move is in order to offset the impact of rise in input costs

Bridgestone India launches new drive axle tyre for commercial vehicles

Tyre maker Bridgestone India on Friday launched a new tyre, V-Steel Mix M721, for commercial vehicles to establish a strong presence in the drive axle tyre category

Replacement market helps tyre cos end 2020 with better capacity utilisation

While sales to original equipment manufacturers declined 16.3% year on year in FY20, the replacement market sales declined by a modest 2.6% over the same period

Next gen from Apollo Tyres family floats an Uber for trucking industry

The start-up plans to rope in strategic investors to support its global expansion

Tyre-maker BKT eyes doubling domestic market share in the next few years

Leading off-highway tyre manufacturer Balkrishna Industries that sells under the BKT brand expects its domestic market share to double in the next couple of years to over 12 per cent

Tyre makers cautious on outlook even as capacity utiliisation improves

Factors helping capacity utilisation include encouraging domestic replacement demand in passenger vehicles, two-wheelers and the farm segment, and a drop in imports

Agri demand gives tyre maker Balkrishna Industries firm grip in FY21

Gain in market share, strong balance sheet are other positives

Maxxis bets big on India as it aims to enter top 5 global tyre maker list

The company is investing $400 million on its first manufacturing plant at Sanand in Gujarat, where it is working to hike output

MTPL to set up off-highway tyre facility in Gujarat, invest $107 million

World Bank's investment arm IFC to back the project through loan and equity investment

Tyre makers to go through rough patch due to slowdown in auto sector

Following a 6.7% growth in FY19, the domestic tyre demand is estimated to grow at a lower rate of 3-4% (volume) during FY20, according to Icra