tyre demand
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Cars
Balkrishna Industries to top up working capital with unused capex in FY23 – ET Auto
In FY22, the company’s working capital took a toll due to high inventory built-up which stood at INR 1639.4 crore…
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Cars
Tyre cos capex may jump 35% to INR 5,000 cr in FY23: Report – ET Auto
The rating agency further said that the production volume growth at tyre companies is set to halve to 6-8% this…
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Cars
Domestic demand for tyres to grow 7-9% this fiscal: ICRA – ET Auto
Representative Image Domestic demand for tyres is projected to grow 7-9% in 2022-23 but the rise in input prices is…
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Cars
Ceat expects to double its Europe biz in overseas push – ET Auto
The company gets a fifth of its revenue from overseas, with a quarter of that coming from Europe. Indian tyremaker…
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Cars
JK Tyre CFO focusses to fight inflation, says improving margins top priority – ET Auto
Sanjeev Aggarwal, CFO, JK Tyre Margin improvement will be a top priority for JK Tyre and the company intends to…
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Cars
Allow free imports of natural rubber to extent of projected demand-supply gap: ATMA – ET Auto
Truck and Bus (T&B) Tyres have relatively higher NR content. The Automotive Tyre Manufacturers Association (ATMA) on Tuesday asked the…
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Cars
MRF shares rise 0.88% as Nifty drops – ET Auto
The stock quoted a 52-week high price of Rs 98575.9 and a 52-week low of Rs 71854.0. Shares of MRF…
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Cars
Apollo Tyres to hike prices by 3-5 pc to offset rising cost – ET Auto
In the replacement segment, he said “demand momentum is strong” but the continued raw material inflation, along with the OEM…
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Cars
Goodyear India Q2 PAT falls 20% to INR 39 crore – ET Auto
This factor was partially offset by higher volumes and lower incremental overheads, Goodyear India said in a press release. New…
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Cars
MRF Q2 results: Profit dips 54% to Rs 189 crore – ET Auto
The company said its board has declared an interim dividend of Rs 3 per equity share (30 per cent) for…
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