Buses World News
In brief: Worldwide montly news & informations about Buses, Busmakers, Passengers' and the Transport Industry
TYRE MAKERS * India: Are under stress
* Tamil Nadu - Chinese dumping takes toll on Indian tyre makers
--- With the import of truck and bus radials shooting up 64% in FY16, the bulk of the Rs 35,000-cr new investments by Indian tyre makers are under stress.. Further, the Chinese TBR import has come to account for 30-40 per cent of the replacement demand for TBR in India. A Chinese truck or bus radial costs $140-150 (Rs 9,400-10,000) in India, around 30 per cent lower than an Indian tyre costing Rs 15,000. According to ATMA, the per-unit import price from China in many cases is less than the cost of raw materials in India.. According to data for the April-December 2015 period, the average domestic production of TBR per month in India is 500,000 units. Apollo is the leader in this segment, followed by Chennai-based MRF and Delhi-based JK Tyres...
Mumbai, Tamil Nadu, India - Business Standard, by Swaraj Baggonkar - April 21, 2016Labels: tire makers news India
TYRE MAKERS * India: Follow Chinese trail with cheap, no-warranty radials
* Delhi - Local makers of bus radials, introduce tyres without warranty to counter the avalanche of imports
-- Tyre makers in India are trying to beat the Chinese at their own game... Local manufacturers of truck and bus radials (TBRs) are cutting prices and introducing tyres without warranty to counter the avalanche of tyre imports, two people familiar with the matter said... Atsushi Okiyama, general manager (business planning and corporate communications) Bridgestone India confirmed the company has entered the low-cost, no-warranty tyre segment. Bridgestone has cut prices to compete with Chinese imports, he added... A depreciating yuan will make Chinese imports even more competitive, which can be offset partially by a depreciating rupee, said Mahantesh Sabarad, deputy head of research, SBI Cap Securities Ltd. ...
(Photo: Mint - Truck and bus radial imports have more than doubled from 490,601 units in 2013-14 to 1,308,437 units during 2015-16, according to data from the Automotive Tyres Manufacturers Association) -- New Delhi, India - Live Mint, by Amrit Raj - Feb 20 2016Labels: tire makers news India
