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Archive for the ‘Tyre’ Category

Indian Tractor Industry to grow by 60%: Crisil

February 17, 2011 Leave a comment

The Advance Estimates released by CSO revealed that agriculture and allied activities are likely to grow at 5.4 per cent in 2010-11 as compared to just 0.4 per cent in 2009-10 making a huge stride. Improved agricultural output together higher MSP (minimum supply price) will yield higher income in the hands of the farmer. This will augur well for the tractor industry.

Crisil Research projects tractor industry size to increase to about Rs 320-330 billion by 2014-15 from Rs 200 billion in 2009-10. This is a stupendous 60 per cent increase. Read more…

Categories: Automobiles, Tyre

Rubber price stretches further.. tyre prices to zoom

Natural rubber prices surged to a 20 week high of Rs 170 per kg at the start of May 2010. This was in line with expectations. In my previous article (Consumers of automotive vehicles…..get ready to shell out more), I had mentioned that natural rubber prices are expected to remain firm in the near future which would adversely impact its user industries like tyre manufacturing. If the price of natural rubber keeps rising, I wouldn’t be surprised to see another round of tyre price increase (third time in 2010).

This indeed is happening. Read more…

Automobiles – Round Up 2009-10

April 21, 2010 1 comment

I was reading about India being the second fastest growing automobile market after China. A look at the numbers reveal that China’s automobile market grew by 42%, followed by India’s at 26% and third comes Germany with 23% year-on-year growth.

Sales growth of automobile vehicles in India during financial year 2009-10 was the biggest percentage rise in seven years. This growth came over a 3.3% increase in the previous year. Payment of the sixth pay commission arrears, new model launches and higher farm income drove sales. Read more…

Categories: Automobiles, Tyre

Consumers of automotive vehicles…..get ready to shell out more

April 21, 2010 1 comment

Natural rubber prices are expected to remain firm in the near future which would adversely impact its user industries like tyre manufacturing. The tyre industry is facing a sharp surge in raw material costs as it consumes 60% of the rubber output in India.

The widening global demand-supply mismatch is resulting in natural rubber prices soaring to record-highs. A disruption in tapping activities in Kerala as heavy rains lashed the largest NR producing state, together with a surge in demand resulted in a rise in domestic prices. Read more…

Categories: Automobiles, Tyre

Tyre Industry – Update

April 10, 2010 Leave a comment

Natural rubber prices are expected to remain firm in the near future which would adversely impact its user industries like tyre manufacturing. The tyre industry is facing a sharp surge in raw material costs as it consumes 60% of the rubber output in India. Read more…

Categories: Tyre