Balkrishna earnings projections to brighten on Michelin global outlook
The better volume outlook for the OHT segment should drive volume growth at Balkrishna Industries
Michelin India Private Ltd was established almost a decade ago. Through a rapidly expanding distribution network, has established itself as a leading international tyre maker in the country. They offer a range of tyres which feature the best of Michelin’s innovative technology. Their tyres are designed, produced and marketed to meet the challenges of mobility in the Indian market. Their range of products in India caters to the rising demands of the Passenger Cars, Truck & Bus and Two Wheeler & OTR (Off the Road) vehicles. The company has innovated in the distribution space, providing drivers with a much better tyre buying experience, in order to ensure that Michelin quality tyres are supported with the highest levels of service. In the year 2009, Michelin Group and Tamil Nadu government signed a Memorandum of Understanding (MoU) for Michelin’s tyre manufacturing plant. This 290 acres facility is currently focusses on manufacturing a range of Radial Truck/Bus tyres. Most of their community projects are designed in consultation with local stakeholders, and are implemented with the direct participation of beneficiaries (e.g. biogas programs, and health and skill development) around our Chennai manufacturing unit. The manufacturing plant near Chennai started commercial production of MICHELIN radial truck tyres. Over 700 people helped bring the plant on stream, of which 350 Indian employees were trained in 12 countries. 4,500 tonnes of machinery requiring 280,000 meters of cable were installed to operationalize the facility. They have adopted and implemented the Group’s “Green Factory†concept at the Chennai plant. Through this initiative, over 6000 saplings have been planted at the site. The plant is currently operational.
The better volume outlook for the OHT segment should drive volume growth at Balkrishna Industries
The sprawling 3,800-sqm Michelin India's Research and Development Laboratory in Haryana seeks to expand the French major's research and innovation capacity and strengthens its commitment to the mobility industry in the region.
The latest ease-of-business rating by DIPP ranks the state at 18th, down from 12th last year. And the last time TN attracted Big Auto dollars was when Michelin and Daimler collectively pumped over Rs 7000 crore into the state.
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.
FISITA is the umbrella organization for national automotive societies around the world. The FISITA Medal is awarded to an individual for distinguished achievements in automobile engineering.
"Chinese products were earlier marginally impactive on truck-bus radials. But, last year, Chinese imports grew by 70 per cent and so far, it has grown 40 per cent this year," said Satish Sharma, President, Asia Pacific, Middle East and Africa, Apollo Tyres,, Satish Sharma
The new plant, Michelin Group's 21st site in North America, was announced in July. The plant will comprise approximately 142,000 square meters (more than 1.5 million square feet) on approximately 98 hectares (more than 240 acres) in the Parque Industrial León-Bajio, or "Pilba," as the industrial park is known locally.
The campaign was conceptualized by Publicis India. In Efecto, the French 3D animated film specialist executed the animation.
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
Michelin will be supplying front asymmetric Power Slick tyres for the first time this season. It will also offer, for the first time, rear slick tyres.
Due to a heavy rainstorm that swept over the 4,452m circuit shortly before the start of the 26-lap race, all riders started the event with Michelin Power Rain tyres.
The body of the car is made of glass fibre and the chassis is of chrome alloy material. The 500cc car can travel at a speed of 80km/hr and a little more.
The 4,727m circuit has a fast and challenging layout, including many long, high-speed turns that see the riders on the edge of the tyre for extended periods of time.
The consumer has the choice of availing 3 to 6 monthly instalments at no extra cost or added interest.
Michelin brought new rear tyres to the American circuit following a decision after last weekend’s race to begin production on a brand new version in readiness for today’s race.
The road range tyres include PRO4 Service Course, PRO4 Endurance, PRO4 Comp Service Course, Lithion 2, and Dynamic Sport.
Jorge Lorenzo said “I am very happy to win the first race of Michelin’s comeback. I have been really pleased with the work that they have done to improve the front tyre and the rear."
The Qatar race will see the introduction of 17” tyres and with a need to have a consistent grip and good durability, Michelin will take three front and two rear tyres to Losail for the race.
We believe this new channel will augment our existing distribution and enable our dealers with a parallel sales pipeline," Michelin India Commercial Director Mohan Kumar said.
If successful, KKR, which bought the 90% stake in Alliance in 2013, will exit with an impressive 30% internal rate of return
Name | DIN | Designation | Date of joining | |
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Thomas Edward Clark | Unlock to View | Unlock to View | Additional director | 30 Sep,2013 |
Hock Sen Chan | Unlock to View | Unlock to View | Director | 20 Oct,2004 |
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