Feel The Stretch
The rise affects the tyre industry and producers of rubber products such as footwear, bearings, and rollers, potentially impacting their profit margins due to higher raw material costs.
tyres
February 2024
November 2023
January 2021
December 2020
Apollo Tyres shares jump 4% on robust Q2
Apollo Tyres’ consolidated net profit jumped 164% YoY to ₹474 crore in Q2 FY24; revenue was up 5% at ₹6,280 crore.
JK Tyres shares jump 14% on strong Q2 results; board approves capex plan of ₹1,025 cr
The company has proposed a capacity addition of 19.45% by October 2025 with a capital investment of ₹1,025 crore.
Speed bumps for tyre MNCs in India
Global giants operating in India are evaluating if it makes economic sense to invest in a new plant, in light of the country's tyre import ban.
Changing the tyres of your luxury car just got tougher
DGFT, in a bid to promote domestic manufacturing, has put tyres under the restricted category. That has meant that an importer now requires a license for imports. The replacement market has been hit.
