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Two steps ahead: The Vögele Dash 5 road pavers

The future in road building is here with Vögele’s latest-generation SUPER 1900-5(i) and SUPER 2100-5(i) road pavers.

Forging and components industry to experience 60% decline due to electric vehicles: AIFI

The Association of Indian Forging Industry (AIFI) has witnessed a challenging time in the first half of 2022 as a result of increased input costs, particularly steel, aluminum, and nickel prices.

Components industry to witness 60% decline due to EVs: AIFI President

AIFI has expressed concerns to the government over high steel, aluminum, and nickel prices, as the increase in steel prices has damaged the Indian forging industry

Forging and components industry to experience 60% decline due to electric vehicles: AIFI

• The increase in steel, aluminium, and nickel prices have hammered the industry in India

Goodyear India revenue up 18%

Third quarter profit after tax of Rs 19 crore, down from third quarter last year of 49 crore on higher commodity prices

Jindal Stainless revenue up 36% YoY

JSHL’s sales volume stood at 182,474 tonnes, up by 23% over the corresponding period last year (CPLY).

We aim to grab 25 per cent market share in five years

ATG has wide range of radial OTR tyres for loaders, graders, dumpers etc and we see a very good response from the market. Harinder Singh, President - APAC, Alliance Tire Group (ATG), elaborates on the market scenario and company's plans.

Poor Assessment of Triggers

World Steel Association states that the global steel demand did increase by 0.2 per cent to 1,501 mt in 2016 after a contraction of -3 per cent in 2015. In 2017, it expects global steel demand to grow by 0.5 per cent and reach 1,510 mt.

German companies are planning more investments in India

The Indian market is served for many years, not only because of the need of raw materials to foster the nation economic growth but also because India is the third largest producer of coal. Difficult regulatory framework and business environment slow the development of coal production.

Indian CE market to grow at 18.52persantage

According to a Research and Markets analysis, the construction equipment (CE) market in India is expected to grow at a CAGR of 18.52 per cent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing investment in infrastructure development. The CE market in India has also been witnessing an increasing focus on R&D. However, the fluctuation in raw material prices could pose a challenge to the growth of this market.

Our aim is to give more value-added service to the customer

We are focusing more on radial tyres and have now set up an exclusive radial plant in Belgaum. This is part of our dedicated approach to radial customers, says Rajesh V Shetty, Chief Executive Officer, Tyresoles.

German companies are planning more investments in India.

German investors are taking a positive long-term view of Indian market and continue to invest in their operations to tap growth opportunities. Maharashtra, with around 39 per cent share of German investments, remains the most attractive destination, says Rajesh Nath, Managing Director, VDMA India. Excerpts from the interview.

We are one of the first major players in India to get into cold forging.

We were the first company in India to successfully develop a fracture split connecting rod and this was a major breakthrough at that time. Our engineering capability is what differentiates us from others because of which we can produce very high quality and high precision products for the customers, says Viraj G Kalyani, Executive Vice President, Kalyani Forge. Excerpts from the interview.

Anti-dumping duties on cheap and dumped tyres need to be more stringent

Ever since liberalisation, the Indian tyre industry has shown its mettle and has progressed rather rapidly against all odds. The industry is capable of taking all the challenges in its stride. However, the industry is asking for a level playing field with its counterparts in China and other countries,

Providing tailor-made solutions

Apollo Tyres believes in providing tailor-made solutions rather than creating general application products. OTR tyres have huge potential but the current economic conditions indicate a moderate growth this year.

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