Search result for 'replacement market'

Ceat is developing tyres for global markets like Europe & US, aiming to become a global brand. Focus on specific regional needs.

Exide Industries reported an 11% decline in standalone profit after tax (PAT) to Rs 254.60 crore in the March quarter, driven by high raw material prices. Revenue rose 4% YoY.

Michelin plans to launch locally-produced passenger vehicle tyres from its Chennai facility this year, aiming to cater to diverse segments of the Indian market. The company will initially focus on...

Michelin CEO Florent Menegaux discusses import licence extension for passenger vehicle tyres in India until its new Chennai plant ramps up production.

JK Tyre's Q3 profit declined by 75% to Rs 57 crore due to rising raw material costs. Revenue also decreased slightly, but the company expects growth in the replacement market and exports.

Exide Industries' Q3 profit declined by 22% to Rs 158 crore, attributed to a slowdown in government capex and other macroeconomic factors. Read more about the company's performance and future outlook.

JK Tyre & Industries reported a 42% decline in Q2 PAT to Rs 144.25 crore, impacted by rising natural rubber prices and subdued demand. The company expects demand to improve in the second half of...

Exide Industries reported a 13.66% decline in consolidated profit after tax (PAT) in Q2 FY24, impacted by higher expenses and inventories. Revenue from operations was at Rs 4,450 crore.

Exide Industries reported a 13.66% decline in Q2 profit to Rs 233.4 crore, impacted by higher expenses. Revenue rose to Rs 4,450 crore. Read more.

The Automotive Tyre Manufacturers' Association (ATMA) has called for a restriction on waste tyre imports into India, citing environmental concerns and a threat to the domestic industry.

Icra forecasts a moderate growth of 4-6% in domestic tyre sales volumes for FY25, driven by healthy demand in passenger vehicle and two-wheeler segments. However, high natural rubber prices and...

The Competition Commission of India (CCI) has approved Minda Corporation's acquisition of up to 8.79% stake in Pricol, a leading automotive components manufacturer.

India's Department for Promotion of Industry and Internal Trade (DPIIT) will exclude 70 tyre sizes from exemption list of quality control norms, effective March 2025. The move aims to curb imports...

CEAT aims to capitalize on rising passenger vehicle sales in India, boosting the replacement tyre market. The company is also expanding into the US with passenger and truck/bus radial tyres.

Exide Industries reports 2.3% rise in Q3 PAT to Rs 203 cr, driven by strong demand in automotive and industrial divisions. Revenue from operations also increased, while expenses were higher.

Exide Industries reported a 12.11% rise in Q2 PAT to Rs 270.32 crore, driven by strong sales growth in both automotive and industrial sectors. The company is optimistic about future growth.