POSITIVES FOR TYRE SECTOR

POSITIVES FOR TYRE SECTOR

“Government’s reconsideration of Custom Duty Policy aimed at promoting domestic manufacturing is a highly welcome move. Inverted duty structure in the tyre industry has created an uneven playing field and we look forward to the new customs duty structure which  will be put in place by Oct 2021”, said K M Mammen, Chairman ATMA.

Allocation of Rs 18K crore to support augmentation of public bus transport services will have a multiplier effect giving a fillip to the tyre sector as well.

Creation of a dedicated Development Finance Institution (DFI) is a very significant move as long gestation infra funding needs long term commitment. In this context, the launch of the National Asset Monetisation Pipeline will augment the revenues of the government to fund new infra projects. As wheels of the nation, Tyre industry is all set with increased capacities to aid in the infra development, added Mammen.

PRO-GROWTH: CMD, JK TYRE

Dr Raghupati Singhania, Vice-President JK Organisation, and, Chairman & Managing Director of JK Tyre & Industries Ltd: Finance Minister has presented a ‘pro-growth’ budget in these unprecedented times, which will give a boost to the Indian economy which is on path to recovery. Rightly, there is a huge emphasis on infrastructure, which will help revive the economy as well as generate employment. Finally, the much awaited scrappage policy has been announced, which is a welcome step. This will increase sales of new vehicles and in turn boost tyre demand”.

“Refocus on healthcare and skill building are very critical for a healthy growth of Aspirant India. The key however is faster implementation of the various important measures announced, which will have a meaningful impact on the economy”.

SCRAPPAGE POLICY

It is a forward-looking budget. The outlay on healthcare and covid vaccination is in the right direction in building health infrastructure and citizen confidence, both of which are very much needed at this stage. The scrappage policy for vehicles was a long-standing demand of the automotive sector and would lead to increased demand, said Parag Satpute, Managing Director, Bridgestone India.

ACMA WELCOMES BUDGET

ACMA, the apex body representing India’s auto component sector, expressed satisfaction on the measures announced in the Union Budget especially for the focus on health & well-being, infrastructure, inclusive growth, human Capital, Innovation R&D and reforms in governance.

Thanking the Union Finance Minister, Nirmala Sitharaman, Deepak Jain, President ACMA, said, “The vision of an Aatma-nirbhar Bharat enshrined in the Union Budget, coupled with the ‘Sankalp’ of ‘Nation-First’ will be the bedrock to propel us further as we redefine our economy in a post-pandemic world. Significant outlay for vaccination in the country will add to the confidence of a resurgent India.” (Photo Deepak Jain)

“Announcements with regards increased spend on road infrastructure, voluntary scrappage policy, Research & Development and PLI among others, augur well for the automotive sector. Further, continued focus on building rural and agricultural infrastructure and prioritising agriculture credit growth will have long-term positive impact on rural demand for vehicles”, added Jain. Jain further mentioned, “Increase in basic customs duty on select auto components will encourage local manufacturing of such items. It is also heartening that the budget outlay for the MSME sector has been doubled compared to last year. The auto component industry is dominated by MSME and this will provide them the necessary succour as the industry recovers.

VISIONARY BUDGET: SIAM

Kenichi Ayukawa, President, Society of Indian Automobile Manufacturers (SIAM), welcomed the budget, saying that it focusses on three broad themes:

• Remedy the current challenges post-Covid through focus on human health and asset reconstruction

• Give a major impetus to infrastructure with a 5-year roadmap for fiscal consolidation

• Take bold measures for enhancing efficiency and competitiveness like privatization, competition in power distribution companies, CGD expansion in 100 more districts and enablers like infrastructure financing. (Photo Kenichi Ayukawa)

“A good macro-economic growth will translate to good demand for Auto Sector also,” he said.

The announcement of major highway projects with sizeable increase in infrastructure outlay will help revive demand for both commercial vehicles and private vehicles. The allocation for procurement of 20,000 buses will directly benefit the industry. The addition of 100 new districts to the City Gas Distribution network for natural gas will help clean, efficient and affordable mobility for the country, a SIAM statement said.

Comments (0)

ADD COMMENT

    Rubber Board To Offer Certificate Course In Molecular Biology & Biotechnology Techniques

    Rubber Board To Offer Certificate Course In Molecular Biology & Biotechnology Techniques

    The Rubber Board has announced the commencement date for a three-month Certificate Course in molecular biology and biotechnology techniques through the National Institute for Rubber Training (NIRT). The course begins on 7 May 2025 and the number of seats is limited to 15.

    Graduates, postgraduates, research scholars and practitioners interested in academic and industrial employment based on molecular biology and biotechnology in any field of biological science are encouraged to apply by 1 May 2025, according to the organisation's press release. In addition to updating knowledge, the course focuses on developing practical skills in some of the fundamental molecular procedures, such as gene cloning, sequencing, gene expression, transgenic development and the extraction of nucleic acids (DNA, RNA). According to the statement, individuals who successfully complete the course will be qualified to participate in cutting-edge research in molecular biology and related fields as a potential career opportunity.

    Interested candidates may contact on 9495928077 (WhatsApp 0481 2351313) or send a mail to training@rubberboard.org.in for more details.

    Comments (0)

    ADD COMMENT

      Nexen Tire Wins 2025 Green Good Design Awards

      Nexen Tire Wins 2025 Green Good Design Awards

      Nexen Tire’s N’FERA Sport R and N’Blue 4 Season 2 tyres have emerged winners at the 2025 Green Good Design Awards, the eco-focused division of the Good Design Awards, organised by The Chicago Athenaeum and The European Centre for Architecture, Art, Design and Urban Studies. Both the tyres were recognised in the Green Transportation category for their eco-friendly design.

      The N’FERA Sport R, a high-performance summer tyre, was praised for its function-driven design that enhances driving performance and user convenience. The tyre features ‘Step Groove’ tread pattern, wherein the groove gradually expands the contact area as the tyre wears, which helps in maintaining the grip even in worn conditions. The circular wear indication in the middle of the tread diminishes over time, signalling that the tyre needs to be changed. To increase grip, the tyre also makes use of a broad contact patch and a high-carbon black compound. To improve stability and responsiveness at high speeds, the inside is constructed with a two-ply polyester framework and a twin steel belt. By avoiding wheel slide, these design elements contribute to steady performance even in high-torque electric vehicles.

      Already a recipient of the prestigious Red Dot Design Awards (2022) and the ‘Green Tire’ seal from AutoBild (2023), the N’Blue 4Season 2 was also recognised in the same category for its eco-friendly design, which decreases tread wear, extends replacement cycles and lowers environmental impact. The tyre lasts longer and produces less waste thanks to a new compound that increases wear resistance by almost 30 percent over the previous model, supporting sustainability. Fine sipes are positioned in the middle of the tread blocks to guarantee uniform contact with the road. The outer tread's serrated edges enhance braking on snow, while the centre’s slanted support structure lessens block movement on uneven terrain for a more stable ride during the winter.

      Travis Kang, Global CEO of Nexen Tire, said, “This award highlights our commitment to shaping a sustainable mobility environment through design-driven innovation. This accolade confirms our commitment to sustainability and quality. We will continue to strengthen our brand through innovation and responsible management.”

      Comments (0)

      ADD COMMENT

        Bekaert Flags Off First Fleet Of LNG-Powered Trucks In India

        Bekaert Flags Off First Fleet Of LNG-Powered Trucks In India

        Bekaert has flagged off its first fleet of LNG-powered trucks in India in collaboration with GreenLine, the country’s leading provider of sustainable heavy trucking solutions. The joint initiative is aimed at supporting India’s vision for a gas-based economy and reducing the carbon footprint of road logistics.

        The foundation of the collaboration with GreenLine is a mutual dedication to operational innovation and ESG standards. Bekaert has the infrastructure required to trial this effort in Chennai and Halol, with plans to expand following a six-month learning period, thanks to GreenLine's LNG ecosystem, which is supported by real-time telemetry and a smooth refuelling network. It is anticipated that each LNG truck will save up to 24 tonnes of CO₂ a year, making a significant contribution to Bekaert's targets of 65 percent of sales coming from sustainable sources and carbon net zero by 2050.

        Dinesh Mukhedkar, Procurement Operations Lead – South Asia and Procurement Global Shared Service Centre Lead, said, “As part of our purpose, ‘Establishing the new possible’, and our ambition to lead in safe, smart and sustainable solutions, decarbonising logistics is an essential step. Heavy-duty transport contributes nearly 90 percent of emissions in Indian logistics. Switching to LNG helps reduce CO₂ by up to 30 percent and particulate matter by up to 91 percent compared to diesel. GreenLine’s mission and integrated support made them the ideal partner. Together, we are shaping a cleaner, more sustainable future for logistics in India.”

        Comments (0)

        ADD COMMENT

          Trelleborg Tires To Display Advanced Tyre Solutions At Agrishow 2025

          Trelleborg Tires To Display Advanced Tyre Solutions At Agrishow 2025

          Trelleborg Tires is all prepped up to debut the ART1000, its first agricultural rubber track for high-powered machinery, at the upcoming Agrishow 2025, the largest agribusiness trade show in Latin America. The company will also display its TM150 CFO tyre, which is developed for a new generation of sprayers, along with a wide selection of products designed for modern farming. The event is scheduled to be held from 28 April to 2 May in Ribeirão Preto (SP), Brazil.

          Trelleborg Tires enters the agricultural rubber track market with the ART1000, a tyre designed for high-horsepower machines. In addition to optimizing vehicle economy and offering additional strength and long-lasting durability, the ART1000 is engineered for remarkable adaptability and mobility of agricultural machinery in all operating circumstances. Its track design incorporates cutting-edge tread bars that reduce soil compaction, encouraging nutrient absorption and robust root development. In demanding high-pull applications, the high self-cleaning capability maximizes overall performance and lowers operating costs by improving ride quality and increasing traction. Even in the most demanding agricultural settings, ART1000's exceptional wear and cut resistance is ensured by its cutting-edge engineering and sophisticated rubber compounds.

          The TM150 CFO series, which comes in sizes VF380/90R46 and has both VF (Very High Flexion) and CFO (Cyclic Field Operations) technology, is also making its debut in Brazil. CFO allows for greater load capacity during cyclic operations at up to 30 kmph when installed on contemporary, powerful sprayers. Because of its unique internal construction, the TM150 can operate at lower pressures, increasing its ground footprint, reducing soil compaction, and improving traction.

          At Booth #E8b, Trelleborg will also display a range of high-performance tyre solutions including PneuTrac, a hybrid between a radial agricultural tyre and a track designed for smooth navigation in vineyards and orchards, the multi-award-winning TM1000 ProgressiveTraction tyre and the company’s patented agricultural TW rim profile for contemporary tractors, combines and harvesters.

          Marcelo Natalini, President at Yokohama TWS South America, said, “Trelleborg Tires brings innovation from the soil up, delivering high-performing tyre solutions to boost productivity and protect their land. At Agrishow 2025, agri professionals will have the chance to connect with our tyre experts on site and see these technologies live, from the new ART1000 rubber track to our most advanced tyre ranges, designed to handle the challenges of next-generation machinery and modern field operations.”

          Comments (0)

          ADD COMMENT