Infra Push In The Budget A Big Positive For Tyre Sector: ATMA

A sharper focus on infrastructure, including road infrastructure, through higher budgetary allocations and setting up infrastructure financing institution augur well for several sectors of the economy including those which have been affected by the pandemic-induced disruption, states Automotive Tyre Manufacturers’ Association (ATMA).

“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 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.

Scrappage Policy To Fuel Demand For New Vehicles: Bridgestone India MD

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

Emphasis On Infrastructure Will Help Revive Economy: CMD JK Tyre

‘The Hon’ble 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 economy as well as generate employment. Finally, the much awaited scrappage policy has been announced, which is a welcome step.  This will increase sale 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 economy,” said Dr Raghupati Singhania, Vice-President JK Organisation, and, Chairman &  Managing Director of JK Tyre & Industries Ltd.

ACMA Welcomes The Budget That Bolsters Indian Economy

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.”

“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 prioritizing 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.”

Goodyear has earned the prestigious ‘Master’ supplier rating by DAF for the fourth consecutive year.

Goodyear's excellence in crucial areas including product development, operational support and alignment with DAF's business objectives is highlighted by this recognition, which is a component of DAF's Supplier excellence Management (SPM) programme. Three performance categories – Achiever, Leader and Master – are used by the programme to assess vendors. The highest honour, the ‘Master’ rating, is given to suppliers that continuously exhibit exceptional performance and cultivate a close working relationship with DAF. By retaining the ‘Master’ rating for the fourth year, Goodyear underlines its position as a reliable industry partner committed to enhancing customer performance and efficiency.

Xavier Fraipont, Vice President Commercial PBU EMEA at Goodyear, said, “We are honoured to receive the ‘Master’ rating from DAF for the fourth consecutive year. This achievement reflects the dedication of our teams in delivering high-performing products and reliable support to DAF. It also underscores the strength of our long-standing partnership, built on a foundation of premium quality, innovations and collaboration.”

Apollo Tyres NL BV plans to close its Enschede manufacturing facility in the Netherlands by mid-2026, citing unsustainable production costs and declining demand for its speciality tyres.

The Dutch tyre manufacturer, a subsidiary of India-based Apollo Tyres Ltd, has formally submitted a Request for Advice to the Works Council regarding the intended closure, the company said in a statement Friday. The decision follows "thorough investigation and careful consideration" after cost-cutting initiatives failed to offset rising inflation.

"Submitting the Request for Advice to the Work's Council on the intended decision to discontinue production has been enormously difficult," said Benoit Rivallant, President of Apollo Tyres NL. "In the last few years, we have implemented several initiatives to reduce costs at Enschede. These initiatives resulted in some savings, but most were completely negated due to the ever-increasing inflation."

According to the statement, the Enschede plant, which produces pneumatic tyres for cars and agricultural vehicles, has struggled with "macro-economic disruptions, steep increases in energy and labour costs, and a decline in demand for Spacemaster and Agri tyres. " Pressure from low-cost competitors has further squeezed margins.

The company said it would continue normal operations while consulting with the Works Council and that the final decision remains subject to supervisory board approval. Management has committed to maintaining communication with employees, customers and suppliers throughout the process.

Apollo Tyres Ltd, headquartered in Gurugram, India, ranks among the leading tyre manufacturers. The company did not specify how many jobs would be affected by the closure.
    
 

The Rubber Research Institute of India (RRII), a research organisation working as part of Rubber Board, has announced its proposal to appoint a ‘Research Associate (statistician)’ to work in the Botany Division on temporary basis. The selection will be based on a written test cum walk-in interview.

Candidates must hold a Master’s degree in Agricultural Statistics or equivalent qualification to be eligible for the position. As per the criteria, the age of candidates applying for the position should not exceed 35 years as of 31 January 2025.  Interested candidates are advised to meet the Director of Research, Rubber Research Institute of India, Rubber Board, Kottayam–9 on 6 May 2025 at 9.30 am along with the original documents their age, educational qualifications, experience etc. Those interested can contact on 0481-2353311 or visit www.rubberboard.gov.in for further details.

Vaculug Ltd has officially launched its new mobile application, V-Torque, to support fleet managers and commercial vehicle technicians across the UK.

V-Torque is intended to improve the effectiveness and safety of vehicle maintenance by giving commercial vehicles weighing more than 7.5 tonnes operating in the UK instant access to wheel nut torque requirements and re-torque settings. Thanks to the app's sophisticated capabilities, users can oversee and control re-torquing procedures with unparalleled precision, guaranteeing the highest level of wheel security compliance. V-Torque lowers maintenance costs and advances fleet operations' sustainability objectives by optimising these procedures. After successful field tests with a few chosen service providers, the app is now accessible on the Google Play Store and the Apple App Store.

Glenn Sherwood, Chief Growth Officer of Vaculug Ltd, said, “We are thrilled to introduce V-Torque, a product born from our unwavering commitment to sustainability and innovation. The app amplifies our dedication to driving positive change in the industry.”