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JK Tyre becomes India’s first tyre company to join RE100
The company has set a primary objective to incrementally increase the utilisation of renewable energy by 2-5% annually and has consistently pursued the installation or procurement of green energy sources across its manufacturing facilities. Read more
Bridgestone to invest $85 million for premium car tyre production in India
Recent trends in the market have produced an outlook of stable economic development and growth in the number of automotives both owned and produced. Read more
Price of natural rubber surges more than 33% amid strong demand and low supply
Domestic prices of natural rubber closed August at Rs 238 per kg on average, way above the trend in the past decade.Read more
JK Tyre approves merger with Cavendish Industries
Shareholders of Cavendish Industries will receive 92 shares of JK Tyre for every 100 shares held.Read more
CEAT inaugurates new Truck Bus Radial (TBR) line at Chennai facility
With a 25% green cover, 40% of the plant’s energy is sourced from renewable energy, including a 5 MW solar rooftop installation, with plans to increase this to 50% by 2025. Read more
Indian tyre exports surge 17% in Q1 FY25; reach Rs 62.19 billion
In terms of export volumes, Passenger Car Radial (PCR) tyres led the category, followed by Motorcycle and Farm/Agri tyres in Q1 FY25. Read more
Tyre manufacturer Continental might spin off automotive-electronics division
The potential move is aimed at enhancing flexibility and allowing the company to adapt more effectively to dynamic market conditions and the evolving software-driven technology landscape.Read more
DPIIT raises $1.4 billion in tyre investments from global players
The DPIIT has also urged other ministries to take similar steps to promote domestic manufacturing in sectors under their purview, as has been done with toys and tyres.Read more
CEAT appoints Vishal Pawar as Senior Vice President – Global Sales
Pawar began his career at TAFE (Tractors and Farm Equipment Limited). Then, he moved to CEAT and went on to work at Garware Technical Fibres.Read more
JK Tyre receives ISCC Plus Certification; first Indian tyre manufacturer
The company received this certification for their sustainable operations at their Chennai based production plant. Read more