INDIA RUBBER INDUSTRY
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.
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.
Tailwinds are winning, beneficiaries of strong OEM & replacement demand from auto sector: 5 tyre stocks with upside potential of up to 38%
It is a well known fact that if demand is growing at a fast pace, higher input cost can be easily passed on to the consumer. That is probably what the tyre industry is going through currently. Recently there was an increase in natural rubber prices and fears were expressed that margins might come under pressure. But two things happened just recently, the natural rubber prices corrected and the whole of the tyre stocks witnessed a sharp rally. While the risk of headwind in terms of higher input cost stays, will the OEM and replacement demand act as tailwinds and continue to power the stocks.
Tyre exports from India recorded at Rs 23,073 cr in FY24
India's tyre exports reached Rs 23,073 crore during 2023-24, a year up from the previous year, according to the Automotive Tyre Manufacturers' Association (ATMA). The industry's resilience and quality are attributed to the industry's high export to turnover ratio. With a turnover of around Rs 90,000 crore and exports of over Rs 23,000 crore, the Indian tyre industry is one of the few with a high export to turnover ratio.
GAIL announces Rs 60,000 crore ethane capex
Gail India plans to set up a 1500 KTA ethane cracker project in Madhya Pradesh, with an investment of Rs 60,000 crore. Ethane, a component of natural gas, will be converted into ethylene for plastics, adhesives, and more. The project awaits state government enablers and proposes a 70-hectare township. Groundbreaking is expected by February 2025, with production starting in 2030-31. Gail aims to import ethane for the project, signing an MoU with ONGC and Shell Energy India for this purpose.
Not so well known stakeholders of EV ecosystem: 8 stocks that don't come instinctively, 3 with an upside potential of more than 18%
We also have a whole list, but we have separated the eight companies, just because these companies are not the names which one would instinctively think about and probably they may have more to go as they form this index.
- Go To Page 1
Modi is first PM to lower dignity of public discourse, he indulged in most vicious form of hate speeches: Manmohan Singh to voters
In anticipation of Punjab's voting in the final phase of the 18th Lok Sabha polls on June 1st, former Prime Minister Manmohan Singh penned a letter directed to the state's voters. In the letter, Singh expressed concerns regarding the divisive nature of the hate speeches delivered by Prime Minister Narendra Modi, labeling them as the epitome of divisiveness.
Gail may line up Rs 50,000 crore capex in big petrochemical bet
Gail (India) intends to invest up to ₹50,000 crore in constructing a 1.5 million tonnes per annum ethane cracking unit at Sehore, Madhya Pradesh, according to sources familiar with the matter. This significant investment marks one of the largest proposed capital expenditures by the state-run gas utility.
India has sufficient domestic tyre capacity; imports must not be liberalised through free trade pacts: ATMA
ATMA in India opposes FTAs liberalizing tyre imports, with adequate manufacturing capacity. Calls to safeguard domestic industry from duty concessions. Rs 2,000 crore worth of tyres imported in FY24 despite domestic industry's capacity. Leading manufacturers invest Rs 35,000 crore in capacity expansion, technology upgrades, and R&D. Domestic tyre industry employs over 5 lakh people and supports 10 lakh rubber growers.
10 Best Air Blowers in India to Tackle Tough Dirt and Dust with Ease (2024)
Say goodbye to stubborn dirt and hello to effortless cleaning with this selection of the best air blowers in India. From powerful motors to durable construction, each blower on this list is designed to deliver exceptional performance. Whether you are clearing dust and debris from your home, workshop, or office, this selection offers the ideal solution to streamline your cleaning tasks. With features such as variable speed settings, and lightweight designs these air blowers ensure maximum efficiency and convenience.
Imported shoe brands trip as BIS nod delay begins to bite
Many of the brands have been forced to take footwear off the shelf - online and offline - or are selling a much smaller range with old stock, industry executives said. The BIS Quality Control Order (QCO) mandates compulsory certification for factories making the final product and some specified key components, such as rubber, PVC or polyurethane soles and heels.
Adani Group acquires 25 acres from Finolex in Pune to set up data center
In February 2021, Adani Group’s flagship company Adani Enterprises entered a 50:50 joint venture with EdgeConneX to develop and operate data centers throughout India. The joint venture will focus on building a network of hyperscale data centers across the country, starting with Chennai, Navi Mumbai, Noida, Vizag, and Hyderabad markets.
India’s anti-dumping policy: Safeguarding industries or stifling growth?
A section of industry says it is time to look at the country’s anti-dumping strategy with a fresh lens. The duties sometimes favour large firms and severely impact MSMEs, choking industrial growth.
India initiates anti-dumping probe into import of a chemical from China, Japan
India investigates 'Insoluble Sulphur' dumping from China and Japan, potentially leading to anti-dumping duties. The process aims for fair trade practices under WTO regulations, protecting domestic industries from cheap imports.
Tyre stocks set to loosen grip on D-St. Sell MRF, Ceat, 2 more counters, says Kotak Equities
India's most expensive stock MRF has risen by nearly 60% over the past 12 months though the rally has remained subdued in 2024 so far. In contrast, Nifty Auto has delivered superior returns at 68% in this period while broader Nifty's returns stand at 29%.
Govt may bring surgical gloves under quality control order
The Indian government is set to introduce surgical gloves and single-use medical examination gloves under the Quality Control Order (QCO) to prevent imports of substandard products and ensure better standards for domestic production. The move was discussed at a meeting by the Department of Consumer Affairs (DoCA) and is being considered in consultation with the Bureau of Indian Standards.
INROAD project converts nearly 70,000 hectares into natural rubber plantations in northeast in three years
In tune with the spirit of 'Atmanirbhar Bharat’, INROAD (Indian Natural Rubber Operations for Assisted Development), a project for supporting development of 2 Lakh hectares of rubber plantations in North East is being undertaken under the Ministry of Commerce & Industry.
Dolly Khanna hits bull's eye with these 5 multibagger stocks of 2023
Prakash Industries has also given multibagger returns in the last one year but it is not considered in this list as the stock was not in her portfolio in December 2022.
Deflationary risks in China put India's rubber industry on wobbly grounds
Adapting to global price shifts is not new to the domestic rubber industry. But when one of the world’s biggest suppliers skirts with deflation, it is time to be prepared for uncertainty.
Piyush Goyal to inaugurate the Annual Rubber Conference in Guwahati on October 9
The Annual Rubber Conference and Assembly Meetings of the Association of Natural Rubber (NR) Producing Countries (ANRPC) will be held in Guwahati from October 9 to 13. The conference aims to address the common challenges faced by NR-producing countries, such as low rubber prices, labor costs, labor shortages, diseases, climate change, and environmental problems.
5% higher natural rubber production in FY24: All India Rubber Industry Association
“Last financial year, India’s production of natural rubber was 8 lakh metric tonne and we expect it to be 5% more this year,” said Ramesh Kejriwal, president, All India Rubber Industry Association.
Assurance Intl, Goodyear unveil new range of filters, batteries in India
Assurance Intl Limited, under the official licensing collaboration with The Goodyear Tire & Rubber Company, on Thursday unveiled a new range of filters and batteries. The range will be manufactured, marketed, sourced and distributed in India as well as in South Asia, Southeast Asia, Australia and New Zealand markets.
Stock market update: Nifty Pharma index advances 0.04% in an upbeat market
The Nifty Pharma index was trading 0.04 per cent up at 13942.4.
Stock market update: Nifty Auto index falls 0.02%
The Nifty Auto index closed 0.02 per cent down at 15614.9.
Stock market update: Nifty Pharma index advances 0.3%
The Nifty Pharma index closed 0.3 per cent up at 13936.7.
Stock market update: Nifty Auto index advances 0.1% in an upbeat market
The Nifty Auto index was trading 0.1 per cent up at 15633.05.
Stock market update: Nifty Pharma index advances 1.04%
The Nifty Pharma index closed 1.04 per cent up at 13895.4.
Stock market update: Nifty Auto index advances 1.39%
The Nifty Auto index closed 1.39 per cent up at 15617.45.
Stock market update: Nifty Pharma index advances 0.85% in an upbeat market
The Nifty Pharma index was trading 0.85 per cent up at 13869.05.
Load More
