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TYRE PLI
Global tyre makers accelerate make-in-India plans, buoyed by govt's PLI schemeGlobal tyre giants Michelin, Bridgestone, and Goodyear, along with potential investors Yokohama and Birla Tyre, are set to invest around Rs...- Expecting good response from many companies on EV policy: DPIIT SecyIndia expects positive responses from automobile companies on its electric-vehicle policy to attract global players like Tesla through tari...
- PLI Scheme: Government selects 67 applications from 30 companies for specialty steelThe government had invited applications for the PLI scheme for specialty steel last year but had to extend the deadline multiple times. It ...
- Tyre biz cartelisation: NCLAT asks CCI to pass fresh order; review fines to save domestic tyre industryA two-member NCLAT bench comprising Justice Rakesh Kumar and Ashok Kumar Mishra observed that there were errors by DG in the calculation of...
- Market Movers: IRCTC falls 4% on reports of govt selling stake; power stocks welcome summer in styleThe power sector has been one of the most outstanding sectors as far as market performance in the last few weeks is concerned. And, you can...
- CCI imposes a collective penalty of Rs 1,788 crore on five tyre manufacturersThe fair trade regulator has also imposed a penalty on the Automotive Tyre Manufacturers Association (ATMA) for indulging in cartelisation ...
- Cabinet may approve revised PLI scheme for auto sector on WednesdayGovt had announced the Rs 57,043-crore production-linked incentive scheme last year for the auto sector.
- Cabinet may soon approve revised PLI scheme for auto sectorComponent segments which are expected to be covered under the scheme include automatic transmission assembly, electronic power steering sys...
- Tata Steel has room to go up, better to wait and watch BPCLExpect double digit returns in both auto and auto ancillaries over the coming 12 months, says Chakri Lokapriya.
- Eyeing leadership position in domestic premium two-wheeler segment: Apollo Tyres"We are aiming for a strong foothold in the high-value, highly profitable premium motorcycle tyre market, which caters to the top 20 per ce...
- Tyre stocks fairly valued; keep an eye on Chinese imports, demand from OEMs: JoshiThe structural story for tyre companies remains quite intact in terms of ROE, ROC expansion, pure costing and cross-ply, says Joshi.
- JK Tyre & Industries likely to speed past peers on radials, capacity ramp-upJK Tyre is likely to see multiple positive triggers for the earnings growth in coming years led by an improved product mix and augmented ca...
- Apollo Tyres to invest euro 500 million in Eastern Europe"We are still negotiating with Eastern European countries. This is the first time Apollo is looking at greenfield facility outside India"
- Violence on for second day in Manipur against molestationOfficial sources said police forces were patrolling at different parts of the valley and found vehicle tyres were burnt and logs and boulde...
- Buy Apollo Tyres: Lalit Thakkar, Angel BrokingInstead of investing in cross-ply technology, they are investing in radial technology, which will require a lot of capital.
- Continental AG set to acquire Modi Rubber's tyre unit; stock upGerman tyremaker Continental AG is acquiring Modi Rubber's tyre unit, Modi Tyres Company Ltd, Continental said on Monday.
- Capital roads blocked in rush hour, Metro targeted tooOffice-goers, college and school students in Delhi bore the brunt of the bandh on Monday.
- Demand rise, radial focus to drive growthTyre makers have begun adding production capacity to keep up with demand for commercial vehicles.
- Normalcy returns to Jammu after 64 days of unrestJammu city and adjoining districts on Monday returned to normal life as market places opened and traffic plied on roads, 64 days after bein...
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