GOODYEAR INDIA REPORTS Q4 PROFIT SURGE
- June 16, 2021
Goodyear India’s profit after tax (PAT) surged 240 percent to INR430 million Q4FY21, aided by higher volumes, increased factory utilisation and cost efficiencies. The company had reported a PAT of INR130 million QFY20. The PAT constituted 7.6 percent of
BIDENOMICS TO DRIVE EV REVOLUTION
- June 16, 2021
President Joe Biden, during his visit to the Ford Motor Company’s Rouge Electric Vehicle Center last month, said the American auto industry is at a crossroads, forced to choose between two options: Spend around $174 billion to speed ahead and to dominat
Fortune Tire Tech opens new tyre retreading plant in Odisha, India
- June 16, 2021
Fortune Tire Tech Limited, the Hyderabad-based tyre retreading company, is set to open its new plant at Lakhanpur in Jharsuguda district, Odisha, India. A tete-a-tete with Chairman Vijay Pal Reddy highlighted the company’s vision and the challenges in t
NTE Process: Artificial Intelligence Leads To Green And Efficient Technologies?
- June 16, 2021
The dense phase pneumatic conveying systems are equipped with the patented Air Assist technology and are the best - according to our customers - for primary products for tyre production ensuring the integrity of carbon black and silica pellets (fines < 1%
Toyo Tires Announces 8.5 Percent Price Hike For All Its Tyres
- June 15, 2021
Toyo Tires has announced a surge in dealer base price across all its tyres. The 8.5 percent price hike, effective from 1 August 2021 and applicable for all Toyo tyre categories, is a result of the continued escalation of raw materials and logistics costs.
JK Tyre Decreases Net Debt, Pays Off INR 930 Crore In FY 21
- June 14, 2021
JK Tyre has reduced its net debt by INR 930 crore in FY 2021, through higher cash accruals and better working capital management. The tyre manufacturer managed a 17 percent decrease in the net debt and also reduced the finance cost by approximately 15 pe
