Technology firm Continental on Tuesday said it has launched a new range of tyres for passenger vehicles in India.
Dream run may come to a screeching halt anytime, warn analysts as fundamentals do not back them
The lifting of tyre stock from factories and transporting the same to auto manufacturers came to a grinding halt after the government announced a 21-day nationwide lockdown
World Bank's investment arm IFC to back the project through loan and equity investment
The move is aimed at unlocking untapped potential in both India and EMEA, the company said in a release
Apollo Tyres has provided the technical expertise to get the track ready for testing wet grip of tyres, as per the standard specifications
The company has created bicycle tyres that do not need to be inflated with air
With this, it aims to raise capacity by 1 mn tyres per annum for truck bus radials, 17 mn tyres per annum for 2-wheelers and 6 mn tyres per annum for passenger car radials
The new facility will produce tyres for two-wheelers and pick-up vehicles
The R&D centre will service the product development needs for the entire Asia Pacific, Middle East & Africa region
The company will roll out the new range of tyres, currently available only in Andhra Pradesh and Telangana, in the other markets in a phased manner
Price stability in rubber and crude, higher auto sales to boost sector; tyre imports from China pose threat
India has imposed anti-dumping duty on several products, to tackle cheap imports from some countries, including China
With the import of truck and bus radials shooting up 64% in FY16, the bulk of the Rs 35,000-cr new investments by Indian tyre makers are under stress