Ceat targets 20% margins, $1 billion revenue from Camso acquisitionCeat Tyres is set to achieve significant growth through its Camso acquisition. The company aims for operating margins up to 20% and a $1 bi...
Big-budget campaigns show how AI companies are racing for relevance in IndiaAI giants are making a big splash in India. ChatGPT and Google Gemini are using TV and billboards to show how AI can solve everyday problem...
More tailwinds than headwinds: 4 tyre stocks and 1 stock from its supply chain, with upside potential from 7 to 65% in 1 yearAuto companies had, or probably are still having, the best of festive seasons. Now, what is an auto company? It is the producer of a produc...
CEAT shares rally 12%, hit 52-week high as Q2 net profit surges 54% on strong GST-led domestic demandCEAT Ltd shares surged to a 52-week high after reporting strong Q2 results, with net profit up 54% and revenue rising 12% YoY. EBITDA margi...
Goodyear looks to sell India farm tyres biz for Rs 2,500 croreGoodyear Tire & Rubber plans to sell its Indian farm tire business after selling its off-the-road business to Yokohama for $905 million. Th...
Birla Tyres slumps 5% to 52-week low after IndusInd Bank sells 38 lakh sharesAfter the sale of shares, the bank's holding now stands at 1,06,91,192 equivalent to nearly 7.50 per cent stake in Birla Tyres, as per data...
Steady recovery seen in tyre industry, long-term outlook favourable: Goodyear"While the pandemic has currently created headwinds, your company remains positive on the mid/long-term outlook of the car tyre industry," ...
JK Tyre Q3 results: Net profit grows manifold to Rs 230 croreConsolidated sales during the quarter under review touched a record high at Rs 2766 crore, which is an increase of 26% over the year-ago pe...
CEAT is now on a smooth path, and how!A few factors would help in sustaining the demand in the coming quarters.
Tyre firms upbeat about demand for replacementsTyre makers are upbeat about the demand stemming from the replacement of tyres in the second quarter and reckon that original equipment (OE...
Balkrishna’s valuation premium over tyre peers likely to deflateThe application of off-highway tyres is in the agricultural and mining sectors.
In farms and mines, BKT treads the growth trackThe BKT stock trades at a 30 per cent average premium over prominent Indian tyre makers.
Industry sales likely to grow 10-11% in FY18: SP Singh, All India Tyre Dealers FederationI do not think they have put up a very strong case. What is the mind of the investigating agency, we cannot go into because all the investi...
Two wealth creation ideas in medium to long term: Siddharth Sedani, Anand RathiThe recent foray into two-wheeler space tyres also seems to be well received by the consumer segment and we can expect good margins on that...
Robust sales figures from Apollo and Ceat lift tyre stocksApollo said it registered month-on-month gain in volume in November across categories surprising the Street.
JK Tyre showcases Ultra Hi tyre at Delhi rubber expoJK Tyre has showcased its new product range covering different product segments -- cars, trucks, light commercial vehicles and farm radials...
IAN, Michelin join hands to set up farm-to-market incubatorThe initiative, named F2ML is seeking innovative mobility ideas to improve the efficiency of getting produce from the farm to the market.