It is not really good times for the tyre industry due to the slump in the economy leading to a consequent slowdown in vehicle demand of late. “Following two strong years of growth (~12% and ~14% in FY2018 and FY2019 respectively) the tyre industry revenue is estimated to grow at a lower rate of 3% to 4% in FY2020 affected by modest growth in OE tyre demand on the back of sluggish auto demand and expected moderation in tyre exports,” says K Srikumar, Vice President and Co-Head, Corporate Ratings, ICRA Ltd.
According to ICRA, demand for tyres will take a toll in the current fiscal on the account of subdued vehicle production due to weak consumer sentiments amidst slowing economic activities, rising cost of vehicle ownership and softened rural demand. In this fiscal, volume-wise, demand is expected to grow at ‘a lower rate’ of 3% to 4% as against demand growth of 6.7% in FY2019. The replacement segment, which represent over 55% of industry volumes, is likely to grow by 5-6% in FY2020. While the falling auto sales will hit demand growth in Original equipment (OE) segment which is pegged at lower levels of 2-3% as against 7% to 8% in the last fiscal affected by subdued vehicle production in FY2020.
Plight of the Indian auto and tyre industry
هذه القصة مأخوذة من طبعة September - October 2019 من Rubber Asia.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة September - October 2019 من Rubber Asia.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
EVS: What's In Store For Rubber Auto Components?
Evs are going to rule our roads sooner or later. The crucial question here is: How far will this affect the rubber auto components sector? Though there are no clear estimations of the impact of EVs on the auto components industry, indications are that innovative and light-weight rubber and plastic components will have immense scope in the EV era.
TECHNOLOGY IS DISRUPTING TRUCK TIRE MAINTENANCE
Companies that adopt disruptive technologies like Cloud-based, TPMS 2.0 systems position themselves to be extremely successful in a fastchanging and highly-competitive environment by utilizing the data and visibility this technology provides to optimize tire performance and maintenance and expedite operations.
SLOWDOWN HAS NO IMPACT ON AUTO RUBBER COMPONENT INDUSTRY
FROST & SULLIVAN EXECUTIVES
PROVIDING SOLUTIONS TO GLOBAL RUBBER COMPOUND REQUIREMENTS WITH STATE OF THE ART MIXING FACILITY: MR. ADITYA GUPTA, CEO, GB GUMMI LLP
GB Group has been a leading innovator, manufacturer and supplier of rubber molded, rubber to metal bonded and sealing products for automotive and industrial applications for over three decades. With experience and foresight of more than 37 years with GB rubber products, GB Gummi LLP is a strategical move of entering into the rubber compounding business with its expertise in the manufacturing of rubber products, realizing the growing demand for the high-quality rubber compound. In an interview with Rubber Asia, Aditya Gupta, CEO of the company, says that GB Gummi LLP is poised to make significant strides in the global rubber compounding market. According to him, the company will closely monitor the current and future demands of the automotive industry. “As far as compounding is concerned, we are future-ready in terms of recipes and production capabilities for any form of industry,” he adds. EXCERPTS:
INDIAN NR MARkET GETS A BREATHER
After the recent spell of poor prices mainly on account of growing imports and lower international prices, the Indian natural rubber market is witnessing a resurgence of late. The trend is attributed to the slump in production in the major NR producing countries like Thailand and Indonesia due to widespread fungal infection in rubber trees. Against this backdrop, indications are that domestic prices are all set to bounce.
HOW OLD IS TOO OLD?
Following the UK proposal for a ban on heavy duty tyres over 10 years of age and the possible extension of this to tyres used on taxis as well, most new tyre manufacturers are more cautious of setting an age limit on the use of their products than stressing the importance of regular checking and good maintenance.
FOR WIDENING SKILLING REACH RSDC & NSKFDC JOIN HANDS
Continuing with its drive to extend the benefits of skilling to the lowest strata of society, RSDC has tied up with National Safai Karamcharis Finance And Development Corporation (NSKFDC), a Government of India undertaking.
EFFICIENCIES & SURVIVAL
What other low hanging fruit is available to the modern transport operator that compares with the savings that can be generated by real time monitoring of tyres? Give the humble tyre that supports the loads you impose the only thing it requires to perform for your gain -- the appropriate level of inflation. It is only air, it costs little and provides far greater returns than any other “improvement”
BATTLE RAGING AGAINST PART-WORNS IN EUROPE
Recently organisations around Europe have stepped up their ongoing campaigns against the continued totally illegal and irresponsible practice of promoting and selling part-worn tyres
APOLLO TYRES JOINS WITH GARC FOR FIRST TYRE TEST TRACK IN INDIA
This test track will be used for testing wet grip of tyres as per standard specifications
