news regarding tyres

  Why Tyre Stocks are Rising Tyres, tyres, and more tyres. The buzz around the Indian tyre industry has been a hot topic in recent days. In a single day, three tyre stocks have seen a significant spike in their price. Shares some of the tyre majors MRF, Ceat, and JK Tyre have risen by 20-40% in the last three months. Some other stocks in the tyre sector are trading near a 52 week high. Here is a list of tyre stocks and the gains they have delivered over the last three months. Company 3-Month Performance (%) JK Tyre & Industries 80.30% Ceat 72.60% Apollo Tyres 60.70% MRF 27.60% Now let's see whats behind the rally. #1 Moderation in raw material prices The tyre industry, over the last 15-18 months, has witnessed hyperinflation in key input costs. Raw material prices had seen an increase of over 50% in the first half of the financial year 2021, with the average raw material basket costing Rs. 180 per kg. However, prices of pure and artificial rubber have recently come down fr...

  Tyre manufacturers struggle amidst rising costs One can argue that indices have fallen sharply, but some sectors have taken it on their chin. One such example is that of the tyre industry. Apollo Tyres has already corrected 26.6% from its Oct-21 peak to Rs.183.50, while MRF has corrected 25.9% from its peak price to Rs.66,949. Other tyre stocks like Balkrishna Industries, JK Tyres and even Ceat have corrected rather steeply from their yearly highs. Most stocks are actually inching towards their yearly lows. What exactly has gone wrong with the tyre stocks. There are broadly 3 reasons with the third reason being the most important, so we will cover that in detail later. The first reason is the slowdown in auto production due to supply chain constraints. Since the demand for tyres is derived from demand, it tends to face tepidness in demand in tandem with the fall in auto output. However, the replacement market has still been fairly robust. The second reason has been the huge penal...

New Standards For Tyres In India The Indian government is all set to implement new standards for tyres sold in the country. This move will also make sure only genuine and safe tyres are sold in India and all the cheap imports would eventually disappear from the market. The new standards for tyres will come into effect in October 2022. Tyres are the most important component of a vehicle. Irrespective of how well-engineered a vehicle is, if the tyre is not in shape, the vehicle wouldn't perform well. This is applicable across all segments. Be it a supercar, or a truck, its tyres are the only point of contact with the road and hence it is important to have good tyres. However, tyres are often one of the most ignored bits of a vehicle. Buyers often pick the cheapest tyre on the market just to keep the vehicle running. The cheapest tyres are not even close to being the best option for your car. Nand motors are the best distributor of tyres in the market. The best tyre dealer in Noida . ...