There appears to be no respite in the near term from surging rubber prices in India due to shortage of supplies and delayed imports. Abnormal fall in production in Thailand is adding to the problem. The robust demand for tyres in an election year will put pressure on the sector.
CEAT Future Plans: Tyre maker CEAT Ltd aims to capitalize on the growth in passenger vehicle sales in India, expecting a boost in demand for replacement tyres. The company is preparing to enter the US passenger vehicles and truck and bus radial tyre market in the first quarter of the next fiscal year to fuel international growth.
Tyre maker CEAT Ltd aims to capitalize on the growth in passenger vehicle sales in India, expecting a boost in demand for replacement tyres. The company is preparing to enter the US passenger vehicles and truck and bus radial tyre market in the first quarter of the next fiscal year to fuel international growth.
Michelin: The United States and Britain launched a series of strikes on Yemen last week, aimed at the Iran-backed Houthi militia, whose attacks on international shipping have disrupted one of the world s most important routes since December.