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February 2017

JK Tyre & Industries reports 22% decline in CNP.

Posted: February 13, 2017 at 1:03 pm   /   Editor's Choice, National, NEWS

JK Tyre & Industries today reported 22.33 per cent decline in consolidated net profit at Rs 86.19 crore for the third quarter ended December 31, 2016, dragged down by higher raw material prices. The company had posted a consolidated net profit of Rs 110.97 crore in the same period last fiscal, JK Tyre & Industries […]

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Vettel crash ends Pirelli’s wet tyre test session.

Posted: February 13, 2017 at 1:00 pm   /   Automotive, International, NEWS, Reader's Choice

A Pirelli test session at Fiorano ended early because Sebastian Vettel crashed into the wall whilst trying out the 2017 wet-weather tyres. Vettel was driving Ferrari’s 2017 test mule – a 2015 Ferrari SF15-T with extra downforce added to simulate the new cars – to test Pirelli’s 2017-spec wet-weather tyres. He’d just begun the afternoon session […]

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Mercedes Benz & Continental announce association for Indian Market.

Posted: February 13, 2017 at 12:02 pm   /   Automotive, Editor's Choice, Featured, National, NEWS

Mercedes-Benz India announced its association with Continental Tyres to offer a range of ‘Mercedes-Benz Approved Tyres’. The association with Continental Tyres is pivotal in introducing the range of high performance Mercedes-Benz Approved Tyres, to the currently available range of high-end product offering from the brand with the Three Pointed Star. Mercedes-Benz India also chose Continental […]

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Tyre Production Price Index.

Posted: February 13, 2017 at 8:23 am   /   Tyre Production Price Index

  Base value:  100 Base month: August 2016 A tool for tyre dealers and others related to tyre industry Eco-system  to get an indicator of what is the general trend of prices of raw materials and what to expect in future as a reference to prices of tyres. The Tyre production Price Index is a summation […]

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Tyre Companies Financial Comparison

Posted: February 13, 2017 at 7:35 am   /   Tyre Companies Financial Comparison

              Disclaimer Tyre Times has taken due care and caution in preparing this Report based on the information obtained by Tyre Times network from sources which it considers reliable. However, Tyre Times Network does not guarantee the accuracy, adequacy or completeness of the Data / Report and is not […]

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Apollo Tyres reports 6% increase in Net Profit.

Posted: February 4, 2017 at 5:58 am   /   Featured, National, NEWS, Reader's Choice

Apollo Tyres has reported a six percent increase in net profit at Rs 296 crore for the third quarter ended December 31, 2016. The company had posted net profit of Rs 279 crore in the year-ago period. Net sales went up by 17% to Rs 3435 crore in the quarter under review. Earnings before interest, […]

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Hankook acquires 100% shares in Australia’s JAX Tyres.

Posted: February 4, 2017 at 5:23 am   /   Editor's Choice, International, NEWS

Australia’s JAX Tyres is now entirely owned by Hankook Tire. On 23 January, the South Korean firm acquired a 100 per cent stake in the franchise network of tyre retailers from its principal shareholder, company chairman Fred Hurrell, and others. The deal covers 83 outlets in the eastern states of Australia. While Hankook Tire hasn’t […]

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