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Michelin-Moto-Hunt

Michelin Tyres to double capacity at Chennai plant.

Posted: October 12, 2017 at 6:14 am   /   Featured, National, NEWS, Reader's Choice, Tyre Industry

French tyre major Michelin inaugurated a new production line that would take the company to double it’s plant capacity, a top official said today. The company which had set up it’s facility at Thervoy Kandigai in Thiruvallur district near Chennai had invested about Rs 3,500 crore. “We have inaugurated a new production line today. New […]

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Scrap Tyre Yard

New Finnish facility will convert waste tyres to oil.

Posted: October 12, 2017 at 6:12 am   /   International, NEWS, Reader's Choice, Tyre Industry

Finnish waste-to energy firm Ecomation is opening a tyre recycling facility this month that will recycle end-oflife tyres into oil on an industrial scale, the company said. The new site located in Nokia will have the capacity to process 8,000 tons of scrap tyres per year. More than 50,000 tons of tyres are discarded in […]

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Kumho Asiana

USW claims anti-union activities at Kumho’s Georgia plant.

Posted: October 12, 2017 at 6:03 am   /   International, NEWS, Reader's Choice, Tyre Industry

The United Steelworkers (USW) union has sent a letter from USW International president Leo Gerard to South Korean president Moon Jae-in raising concerns about what the USW calls Kumho’s “union-busting actions” toward its workers in the US. The USW is asking the South Korean government to intervene and ensure that the workers are free to […]

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Apollo Tyres launches share sale to raise up to $229 million.

Posted: October 5, 2017 at 9:30 am   /   Featured, National, NEWS, Reader's Choice

India’s Apollo Tyres Ltd. has launched a share sale to institutions to raise up to 15 billion rupees ($229 million), according to a filing on Tuesday. The company is selling shares at 238 rupees apiece, a 2.5 percent discount to the closing share market price on Tuesday of 244.15 rupees, according to a separate deal term […]

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Banner_Pirelli

Share price fall deflates Pirelli’s market comeback.

Posted: October 5, 2017 at 9:20 am   /   International, NEWS, Reader's Choice

Shares in Italy’s Pirelli fell on Wednesday on the tyremaker’s return to the Milan stock exchange two years after it was taken over by China National Chemical Corp (ChemChina). The stock fell as much as 3.4 percent during the day, with a trader saying that while the IPO price had been cut it was still […]

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Goodyear ranks among top US military suppliers.

Posted: October 5, 2017 at 9:14 am   /   International, NEWS, Reader's Choice

Goodyear Tyre and Rubber were selected as one of the US Defense Logistics Agency’s (DLA) superior suppliers for fiscal 2017, the tyre maker said. The award recognizes military industry partners who demonstrate exceptional performance supporting DLA, America’s combat logistics support agency, and deliver high-quality products to the US military and its contracted agencies. It is […]

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ChinaMediumTruck

India introduces Chinese anti-dumping tariffs.

Posted: September 27, 2017 at 7:32 am   /   Featured, National, NEWS, Reader's Choice

India’s Ministry of Finance has imposed an anti-dumping duty on truck and bus radial (TBR) tyres imported from China. The duty ranges from $245.35 – $452.33 per ton, according to a notification from the Central Board Excise and Customs (CBEC), and has been applied to “new pneumatic radial tyres with or without tubes and/or flap […]

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tata-motors-erc-01

Tata Motors passenger vehicles unit sees double digit growth this fiscal

Posted: September 27, 2017 at 7:16 am   /   Automotive, National, NEWS, Reader's Choice

Buoyed by the launch of four new models over the past 16 months and looking ahead to the festive season with optimism, Tata Motors expects to see strong double-digit growth in the passenger vehicles segment during 2017-18. The automotive major, which closed the last fiscal with domestic sales of about 1.52 lakh units, expects to […]

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new landrover

Jaguar Land rover to introduce new models named Road Rove in 2019.

Posted: September 27, 2017 at 7:14 am   /   Automotive, NEWS, Reader's Choice

In a surprise move, Jaguar Land Rover will launch a new range of models, called the Road Rover, by 2019. The first production-spec model in the new Road Rover range will be an all-electric luxury car for markets such as China and California, US. Meant to rival the Mercedes S-class in terms of luxury and […]

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RENAULT

RENAULT ANNOUNCES LAUNCH OF NEW DUSTER SANDSTORM.

Posted: September 20, 2017 at 8:39 am   /   Automotive, National, NEWS, Reader's Choice

The Indian subsidiary of French carmaker Renault India on Tuesday announced the launch of new edition of Duster Sandstorm. The new edition will have nine new exciting enhancements. The Renault Duster Sandstorm Edition will be available in two trims – RXS Diesel 85 PS Sandstorm edition offered at an attractive introductory pricing Rs 1,090,400 (ex-Delhi) and RXS Diesel 110 PS Sandstorm […]

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