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The Economic Times

Price hikes to continue, Ceat pushing for growth to accelerate in second half: Arnab Banerjee

Ceat's MD & CEO Arnab Banerjee explains that price hikes will continue due to inadequate pass-through of raw material costs, with further increases anticipated in September. Despite high natural rubber prices, Ceat aims for growth in international markets and has planned significant capex for FY25. Banerjee also says the overall OEM demand will be flattish. But the replacement demand is not flat.

Business Line

Kanoria Chemicals doubles hexamine production with new manufacturing plants in Gujarat

The expansions aim to meet the increasing demand in sectors such as pharmaceuticals, rubber, textiles, and agrochemicals, both domestically and internationally

Business Standard

Japan's Nikkei end 0.66% lower

Decliners were led by transportation equipment, bank and rubber product issues. Department store operator Isetan Mitsukoshi Holdings slumped 6.5 percent and Takashimaya declined 1.3 percent.

Mint

Apollo Tyres stock plummets 15% in 10 sessions, hits 8-week low: Is the downtrend here to stay?

Rising natural rubber prices and market share erosion challenge Apollo Tyres' profitability. Q1 results missed expectations, leading to stock downgrades. Brokerages forecast further declines, with Kotak highlighting ongoing market share and pricing strategy issues.

The Economic Times

Jaguar Land Rover to use Pirelli's natural rubber tyres in sustainability push

The Forest Stewardship Council (FSC) certified natural rubber tyres will be first seen on JLR's new Range Rover Electric, the Tata Motors owned automaker said on Thursday. FSC is a global standards body for sustainable forest management.

The Economic Times

Budget wish list: ATMA asks govt to restrict import of waste tyres

Budget expectation: The Automotive Tyre Manufacturers' Association (ATMA) urged restrictions on waste tyre imports, warning that India is becoming a dumping ground for scrap tyres. Imports have surged fivefold since FY20-21, posing environmental and safety risks. ATMA also called for duty-free natural rubber imports and addressing the inverted duty structure affecting the tyre industry.

The Economic Times

Tyre makers facing severe crunch in domestic natural rubber availability: ATMA

Tyre industry, prioritizing global requirements, faces challenges due to the uncertain visibility of natural rubber availability. ATMA emphasizes the importance of addressing this issue to ensure uninterrupted production processes in a customer-centric approach.

Business Standard

Tyre makers see severe crunch in domestic natural rubber availability: ATMA

Automotive Tyre Manufacturers' Association on Wednesday said its members are witnessing a 'severe crunch' in the availability of domestic natural rubber and it may disrupt production unless supply issues of the raw material are addressed. Despite high prices of natural rubber (NR), its availability has shrunk, Automotive Tyre Manufacturers Association (ATMA) said, expressing apprehension that some "sections of natural rubber producing interests or trade are withholding the material in anticipation of an increase in the NR prices worsening the availability". The "tyre industry has been experiencing tightness in domestic availability of natural rubber for some time. However currently a severe crunch is being witnessed despite the fact that NR prices have touched a multi-year high. The paucity of natural price needs to be addressed at the earliest so that tyre production processes are not disrupted," ATMA Director General Rajiv Budhraja said in a statement. The Rubber Board had estimat