Tyres
RPG Group exploring possibility to set up greenfield tyre plant in MP
RPG Group is exploring the establishment of a greenfield tyre plant in Madhya Pradesh for expansion. Chairman Harsh Goenka mentioned that they already have a facility in Jabalpur, which they aim to augment. A meeting with Chief Minister Mohan Yadav was held to discuss this potential new project. Details about the capacity and investment for the proposed facility are still being worked on.
CEAT expands Chennai plant to boost premium tyre production for India, global markets
CEAT has expanded its manufacturing capabilities at the Chennai plant across various tyre categories and segments. This expansion will enhance the production of advanced products for both domestic and international markets. The facility can now produce seven advanced Truck and Bus Radial sizes to meet changing commercial demands. Additionally, light truck steel radial tyre manufacturing capacity has been scaled up to address growing adoption.
Yokohama India unveils Geolandar X-CV tyre for SUVs with 20% higher wet grip, 10% longer life
Introducing Yokohama India's latest Geolandar X-CV tyre, designed exclusively for SUVs and crossovers. This tyre promises enhanced wet grip and durability, outperforming standard alternatives on the market. Ideal for those seeking optimal wet-road handling and high-speed steadiness, the Geolandar X-CV is available in sizes from 16 to 20 inches, ensuring a smooth and low-noise driving experience.
Expect strong double-digit growth in FY27, bullish on domestic demand: CEAT MD & CEO Arnab Banerjee
In fiscal year twenty twenty-seven, CEAT Ltd is projecting a strong double-digit growth spurred by buoyant domestic demand and an expanding global presence. The company is heavily investing in boosting its production capabilities to match this expected growth. Despite the potential restraint from raw material price fluctuations, an upswing in margins is likely, with ambitious goals set for growth in international markets this year.
India's JK Tyre plans additional 5%-6% price hikes by September-end
JK Tyre & Industries plans to increase product prices by eleven to thirteen percent. This move aims to offset rising input costs and follows similar actions by rivals. Raw material prices have significantly increased, impacting the company's business this quarter. The tyre maker has already implemented monthly price hikes and will continue them. Strong vehicle sales provide tyre makers room to pass on these increased expenses.
JK Tyre plans 11%-13% price hikes by September-end
JK Tyre plans product price increases of eleven to thirteen percent. These hikes will occur by the first half of fiscal year twenty twenty-seven. Rising input costs, including petroleum-based materials, drive these planned price adjustments. Rivals Apollo Tyres and CEAT have also implemented similar price increases. Strong vehicle sales provide tyre makers room to pass on higher expenses.
Not sensors or AI, why revolving tyres may become the next big thing in vehicle safety
Future car safety is shifting from reacting to problems to predicting them, with a new focus on understanding tyre grip and road conditions in real-time. Instead of adding more hardware, software could analyze existing vehicle data to estimate traction limits before a car loses control. This innovation promises safer driving, especially in challenging conditions, without increasing manufacturing costs.
Domestic tractor wholesale volumes likely to grow at 1-4% in FY27: ICRA
Tractor sales are set for modest growth this fiscal year. However, a below-normal monsoon forecast poses a risk to agricultural output and sales. Despite this, manufacturers' margins are expected to remain healthy. Strong farm cash flows and government support continue to underpin the sector. Industry growth may moderate due to an elevated base and potential El Nino conditions.
Tyre exports at record high of Rs 27,312 cr in FY26 despite supply chain disruptions
Indian tyre exports reached a record Rs 27,312 crore in FY2025-26. The United States remained the top destination. Despite global supply chain issues, the industry saw significant growth. Recent US tariff adjustments provided relief to Indian exporters. Germany, Italy, Brazil, and France were also key markets. The tyre sector's resilience is evident with substantial investments in manufacturing.
JK Tyres lines up Rs 4,900 crore capex plan till FY30
JK Tyre plans a massive 4,900 crore investment by FY30 to expand its production capacity. This significant outlay signals strong confidence in future demand across vehicle segments. The company is already undertaking a 1,130 crore expansion. This strategic move aims to increase capacity by nearly a fourth, with a focus on passenger car radial tyres.
BKT ramps up IPL push as it pivots to consumer market
BKT Tyres is boosting its Indian Premier League presence. The company is moving from business-to-business exports to a consumer brand in India. BKT is partnering with eight IPL teams for wider visibility. This strategy supports their growth in the on-road tyre market. BKT aims for significant revenue by 2030.
Bridgestone looks to sustain growth momentum in India: MD
Bridgestone India aims for a 6-7% CAGR in gross sales over the next five years, driven by strong growth in the domestic aftermarket, particularly the passenger car segment. The company is investing USD 85 million in capacity expansion and focusing on product, network, and customer experience enhancements to sustain its momentum and market leadership.
MRF Vice Chairman & MD Arun Mammen re-elected as ATMA Chairman
Arun Mammen of MRF Ltd has been re-elected as Chairman of the Automotive Tyre Manufacturers Association. Rajarshi Moitra from Bridgestone India is the new Vice Chairman. Sanjay Chatterjee will take over as Director General of ATMA. These leadership changes were announced by the industry body representing India's automotive tyre sector.
MRF Ltd to invest Rs 5,300 crore in New Tamil Nadu tyre plant
Tyre giant MRF Ltd has announced plans to pour in Rs 5,300 crore over the next 12 years to set up a cutting-edge manufacturing plant in the Sivaganga district. This investment is expected to generate around 1,000 new jobs, signaling a pivotal advancement in the region's industrial landscape.
Balkrishna Industries to invest Rs 3,500 crore for expanding on-highway tyre portfolio
Balkrishna Industries Ltd (BKT) has entered the domestic consumer tyre market, launching its On-Highway portfolio for two-wheelers and commercial vehicles. The company has committed Rs 3,500 crore for expansion and R&D, aiming for Rs 23,000 crore revenue by FY30 with a 20% share from on-highway tyres.
Apollo Tyres to invest Rs 5,800 cr to expand capacity in Andhra Pradesh
Apollo Tyres announced a significant Rs 5,810 crore investment to expand its Andhra Pradesh manufacturing facility, aiming to boost passenger car radial capacity by 52% and truck and bus radial capacity by 82% by 2029. This expansion is driven by anticipated market demand and follows a strong third-quarter performance with a 40% net profit increase.
