The tyre industry has been supportive of all progressive laws aimed at promoting ease of doing business, bringing in transparency and operational efficiencies, and since GST is understood to achieve all these objectives, the domestic tyre industry largely welcomes it despite some minor discrepancies and skepticism regarding paperwork, says Rajiv Budhraja, Director General, Automotive Tyre Manufacturers Association (ATMA), in a brief interview to Rubber Asia. EXCERPTS:
What are your views on the newly introduced GST relating to the tyre industry?
In case of tyre sector, the new Goods and Services Tax regime is largely revenue neutral as the rate of taxation at 28% is comparable to previous taxation which ranged between 26.5% to 29.5%. However, Tractor tyres face an inadvertent anomaly. While rear tractor tyres have been taxed at 18%, the front tyres attract a 28% taxation. ATMA has sent a communication to the Government of India to address this discrepancy.
Do the Indian tyre makers in general welcome the new GST regime? What are the feedbacks you get?
Denne historien er fra September - October 2017-utgaven av Rubber Asia.
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Denne historien er fra September - October 2017-utgaven av Rubber Asia.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
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
