Posts

Indian Tyre Industry – Driving on the Auto Sector Growth

Image
  Indian Tyre Industry – Driving on the Auto Sector Growth The Indian Tyre Industry is an integral part of the Auto sector and its fortunes are interdependent on those of the Automobile players. For the year 2010-11, the industry has clocked a turnover of almost Rs. 30,000 Cr. of which 90-95% has come from the domestic market. While there are around 40 tire manufacturers in India, the top 10 tire players account for around 90-95% of the total tire production in India. The tire industry can be divided into 6 categories based on the different auto segments that they are manufactured for. The table given below gives the category-wise production for 2010-11. On a volume basis, the 3 major segments of the tire industry are Two-wheelers, Passenger Cars, and Trucks and Bus (T&B). The table given below gives the list of the top 3 players (considering their market share as per volumes) in these 3 major segments. As seen in the above table, the T&B (Truck & Bus) segment is h...
Post a Comment
Read more

How Indian tyre industry is evolving by embracing new trends

  How the Indian tire industry is evolving by embracing new trends The Indian Tyre Industry is adopting new trends in its manufacturing process to evolve and keep up with the changing market dynamics. There arises a need to decrease emission levels and increase the fuel efficiency in vehicles, throwing up quite a few challenges for the tire industry. As per the annual report of FY16, the tire industry contributes nearly 3 percent to the manufacturing GDP, while the entire automotive sector accounts for about 7 percent and nearly 50 percent to the nation’s manufacturing GDP. Tire makers in India are diversifying their role in a phase, which is largely driven by demand and supply conditions, says Pawan Kumar Ruia, Chairman of Ruia Group. The companies are under pressure to build products with minimal friction and offer higher fuel efficiency with an increasing focus on corporate average fuel efficiency norms to curb the alarming levels of pollution. At this juncture, tire m...
Post a Comment
Read more

3 Trends that are All Set to Transform the Tyre Industry

Image
  3 Trends that are All Set to Transform the Tyre Industry Change is what remains always constant when it comes to rapidly change modern technology. Today, be it tire manufacturing or any other industry, new trends are taking place with each passing year. Like other industries, the expectations of customers in all segments of tire are also increasing and this phenomenon has led each tire manufacturers company in India to rethink and restructure their business model so that they can come up with a new range of products to live up to the growing expectations of the customers.  As a result, each  tire manufacturing company in India  is trying to assimilate new tire manufacturing technologies. Some new trends in the tire industry are amazing as well as intriguing and prove how tire makers across the globe are resorting to new-age technologies and digitalization to make fully customized products as per the expectations of their customers.  This radical tran...
Post a Comment
Read more