Government may impose anti-dumping duty on certain Chinese tyres
Share of China in total imports of the product in India increased sharply to 81.52 per cent during July 2014 - June 2015 from 16.03 per cent in 2012-13.
JK Tyre was established in the year 1874 and has its headquarters in New Delhi. The company manufactures and sells tyres, tubes and flaps. The company is a market leader in truck/bus radial tyre in the country and is the only manufacture of tyres that offer the entire range of four wheeler radials for trucks, buses and cars. The company has an employee base of over 7000 employees. The also operate tyre care cenres that includes repairing inflation pressure check, rotation and servicing of tyres. They market their products and services under the brand names: JK Tyres, Vikrant and Tornel. The company is a popular brand worldwide with a strong customer base in more than eighty countries across the six continents. JK Tyres is a part of JK Organization group of companies. The company acquired Mexican tyre major: Tornel in the year 2008. They have a production facility in all the nine plants, and has a total production capacity of approximately 20 million tyres per annum. The company has a state of the art facility available at Mysore. HASETRI stands for Hari Shankar Singhania Elastomer and tyre research institute and is an independent research institute that specializes in the area of elastomer research and tyre mechanics. It was established to develop newer and better technologies for elastomers and tires. Tech centre: product development centre deals with the current and emerging needs of their customers. They are involved in product designing, development, validation and industrialization that uses the most sophisticated tools and techniques which covers almost all categories like: passenger car radial, light truck radial, light truck bias, truck and bus radial and farm & off the road tyres. The product line for all the tyres are diversified into various sections: passenger car tyres, motorcycle or scooter tyres, commercial tyres, farm tyres, off the road tyres and three wheeler tyres.
Share of China in total imports of the product in India increased sharply to 81.52 per cent during July 2014 - June 2015 from 16.03 per cent in 2012-13.
The series will give an opportunity to every aspiring biker, in every nook and corner of the country to showcase his or her skills and dream of becoming a champion.
Vivek Kamra says that we have passed on most of the drop in rubber prices to consumers and a lot of our prices to OEs are indexed so it does get passed.
“The increase in crude oil prices has proven to be a double whammy for tyre and paint companies. Their volumes were anyway under pressure due to demonetisation."
Triggered by the healthy two wheeler replacement tyre demand, major players like Apollo Tyres, Balkrishna Industries and Bridgestone India have announced their entry into the domestic two wheeler tyre segment in the last three quarters.
The group, which recently made a non-binding offer to acquire two factories of Avantha Group firm BILT Graphic Paper Products, has identified paper, cement, tyre, automotive and auto component as key growth drivers and will focus on these areas to scale up operations.
Under the leadership of Dr Singhania, JK Tyre has become India’s first company to attain the historical feat of producing 10 million truck/bus radial tyres.
Consumer awareness and consciousness have certainly improved from what it was a few years back. But in a radial market with 41%-plus Chinese products, the impact is really huge.
Mexico has emerged as the top destination for India’s automobile exports, making a compelling case for the Indian engineering exporters to further push forward in the growing south American markets, according to EEPC India.
BKT will be competing with established two-wheeler tyre makers like MRF and CEAT apart from the new entrants like Apollo Tyres, JK Tyres etc.
“Monsoons have had a good start and it is expected to be above normal. This augurs well for tyre industry, particularly in agriculture sector apart from revival of rural demand.”
Import of truck &bus radial tyres has surged by 40 percent in the first quarter of the financial year 2016-17, even as the manufacturers continue to press the government to impose safeguard duty to immediately stem the increasing imports
Though the prices are above Rs 140 per kg, not many small growers are tapping by installing rain guards. The big estates may be forced to do that as they have to pay wages to employees.
After protracted business initiatives and liaisoning with the top management of J K Tyres, Port was successful in convincing the company to commence their operation and commit their exports through New Mangalore Port.
In the Senior Max category (above 15 years), it was Ricky who dominated the entire weekend with his flawless driving. After topping the unofficial practice sessions, he won both the heats and the pre-finals to assert his imperious form in the opening round.
The company reported a net profit of Rs 339.67 crore during the same quarter of 2014-15.
The Chinese situation is getting worse if I may say so. The latest data is that 41% of truck replacement market is Chinese dumped material. So situation has not improved but has become worse.
The account will be handled from Bangalore and Chennai office of the agency.
The main reason for this acquisition, Singhania said, is to strengthen its position in the truck and bus radial, and also hit the ground running in two and three wheeler tyre segment
JK Tyre & Industries said it has completed acquisition of Cavendish Industries which houses three tyre business undertakings of Birla Tyres at an enterprise value of Rs 2200 crore.
Name | DIN | Designation | Date of joining | |
---|---|---|---|---|
Shreekant Somany | Unlock to View | Unlock to View | Director | 16 Mar,2016 |
Anshuman Singhania | Unlock to View | Unlock to View | Director | 16 Mar,2016 |
Sunanda Singhania | Unlock to View | Unlock to View | Director | 12 Aug,2014 |
Dr Wolfgang Wilhelm Gunther Holzbach | Unlock to View | Unlock to View | Director | 06 Nov,2012 |
Vimal Bhandari | Unlock to View | Unlock to View | Director | 30 Jul,2012 |
Kalpataru Tripathy | Unlock to View | Unlock to View | Director | 01 Oct,2010 |
Arun Kumar Bajoria | Unlock to View | Unlock to View | Whole-time director | 20 Jan,2010 |
Bakul Premchand Jain | Unlock to View | Unlock to View | Director | 22 Feb,1989 |
Bharat Hari Singhania | Unlock to View | Unlock to View | Managing director | 04 Nov,1987 |
Arvind Singh Mewar | Unlock to View | Unlock to View | Director | 07 Apr,1975 |
Raghupati Singhania | Unlock to View | Unlock to View | Managing director | 29 May,1967 |
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