{"id":1197,"date":"2016-09-26T15:37:56","date_gmt":"2016-09-26T10:07:56","guid":{"rendered":"http:\/\/tyremarket.com\/tyremantra\/?p=1197"},"modified":"2023-07-12T16:36:25","modified_gmt":"2023-07-12T11:06:25","slug":"news-2016-tyre-sector-shows-promise-mrf-ceat-jk-tyre-apollo-tyres-bet-high","status":"publish","type":"post","link":"https:\/\/www.tyremarket.com\/tyremantra\/news-2016-tyre-sector-shows-promise-mrf-ceat-jk-tyre-apollo-tyres-bet-high\/","title":{"rendered":"Tyre Sector Shows Promise; MRF, Ceat, JK Tyre And Apollo Tyres Bet High"},"content":{"rendered":"

The consistent drop in the prices of natural rubber, which is the main constituent in tyre making in the country has encouraged homegrown tyre manufacturers<\/strong> to maintain their faith in the attractive-looking tyre sector. Artificial curbs raised in China and other Southeast Asian countries together with increased production making way into the system, thanks to the\u00a0decline in crude oil costs, are some of the factors leading to the\u00a0fall in rubber prices.<\/p>\n

 <\/p>\n

The reduction in the input costs particularly rubber and crude oil has resulted in high margins for the tyre industry. Furthermore, good monsoon elevating the current rural demand and anticipated thrust in the urban demand after the implementation of Seventh Pay Commission has also led to the increased profits and optimism among the tyre makers. The implementation of Goods Service Tax (GST) probably by 2017 and shaping up of other important macro-economic concerns in the automobile sector will clearly have a positive impact on the demand in the tyre<\/strong> arena.<\/p>\n

 <\/p>\n

Leading domestic tyre manufacturers, Apollo Tyres<\/strong><\/a>, JK Tyre, MRF, Ceat are betting high with their heavy investments in the sector in next couple of years. These investments are being put in varied endeavours like the development of latest and innovative products, brand building, wide-ranging R&D (Research and Development) programs and distributorship network expansion. Tyre makers are not leaving any stone unturned to mark their growth in the businesses by way of deeper penetration in the country and overseas, enhancing their product lineup and strengthening their rapport with leading OEMs (Original Equipment Manufacturers).<\/p>\n

 <\/p>\n

The tyre companies are showcasing a notable interest in the manufacturing of tubeless tyres and expansion of their existing radial tyre capacities, which indicates promise for the tyre industry. Moreover, tough competition from imported Chinese tyres and fluctuation in some sectors of the automobile industry has caused weakness in some verticals of the tyre sector.<\/p>\n

 <\/p>\n

Society for Indian Automobile Manufacturers (SIAM) has projected a growth of 6 to 8 percent in the passenger vehicles, while the M&HCVs and intermediate commercial vehicles are expected to grow at 12-15 percent and at 7-9 percent respectively. Likewise, the prediction in the two-wheeler segment under motorcycle sales states a growth of 0-3 percent and scooters at 17-19 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"

The consistent drop in the prices of natural rubber, which is the main constituent in tyre making in the country has encouraged homegrown tyre manufacturers…<\/p>\n","protected":false},"author":4,"featured_media":868,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[4],"tags":[333,401,353,335,385,390,228,429,430,270],"class_list":["post-1197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-apollo-tyres","tag-ceat","tag-jk-tyre","tag-mrf","tag-tyre-industry-india","tag-tyre-industry-news","tag-tyre-manufacturers","tag-tyre-sector","tag-tyre-sector-news-2016","tag-tyres"],"yoast_head":"\r\nTyre Sector News : MRF, Ceat, JK Tyre And Apollo Tyres Bet High<\/title>\r\n<meta name=\"description\" content=\"Leading domestic tyre manufacturers, Apollo Tyres, JK Tyre, MRF, Ceat are betting high with their heavy investments in the sector in next couple of years.\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.tyremarket.com\/tyremantra\/news-2016-tyre-sector-shows-promise-mrf-ceat-jk-tyre-apollo-tyres-bet-high\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Tyre Sector News : MRF, Ceat, JK Tyre And Apollo Tyres Bet High\" \/>\r\n<meta property=\"og:description\" content=\"Leading domestic tyre manufacturers, Apollo Tyres, JK Tyre, MRF, Ceat are betting high with their heavy investments in the sector in next couple of years.\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.tyremarket.com\/tyremantra\/news-2016-tyre-sector-shows-promise-mrf-ceat-jk-tyre-apollo-tyres-bet-high\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Tyremarket : Tyre News, Review & Guide\" \/>\r\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/tyremarketindia\" \/>\r\n<meta property=\"article:published_time\" content=\"2016-09-26T10:07:56+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2023-07-12T11:06:25+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/www.tyremarket.com\/tyremantra\/wp-content\/uploads\/2016\/08\/tyre-photos-Cropped-e1472537797774.jpg\" \/>\r\n\t<meta property=\"og:image:width\" content=\"729\" \/>\r\n\t<meta property=\"og:image:height\" content=\"410\" \/>\r\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\r\n<meta name=\"author\" content=\"Ankit verma\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:creator\" content=\"@tyremarketindia\" \/>\r\n<meta name=\"twitter:site\" content=\"@tyremarketindia\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ankit verma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/news-2016-tyre-sector-shows-promise-mrf-ceat-jk-tyre-apollo-tyres-bet-high\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/news-2016-tyre-sector-shows-promise-mrf-ceat-jk-tyre-apollo-tyres-bet-high\\\/\"},\"author\":{\"name\":\"Ankit verma\",\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/#\\\/schema\\\/person\\\/622e94976c8daee44e969fe0577d2380\"},\"headline\":\"Tyre Sector Shows Promise; 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