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Magna Tyres to acquire Fennell Tyres International

Magna Tyres Group, a second-tier Off-The-Road (OTR) tire supplier, has acquired the Australia-based company Fennell Tyres International. Financial details were not disclosed.

ATMA seeks anti-dumping duty on China

The Automotive Tyre Manufacturers? Association (ATMA) demanded for an early imposition of anti-dumping duty on import of truck and bus radial (TBR) tyres from China, as the imports have posted a 9 per cent growth in FY17.ATMA revealed that TBR imports has been spiralling in the last few years and the figure has touched a high of 1.2 lakh units per month in FY17 from 40,000 units in FY14.

Gaining Momentum

A renewed thrust on coal mining, coupled with plans to implement more projects in various infrastructure segments at a faster pace has rekindled the growth prospects of tyre industry in India. Major tyre manufacturers are busy introducing innovative products and scaling up volume to meet the expected demand in the future.

Mining, Construction to Lead Growth of Tyres

The current market for mining and construction is growing and with the initiatives taken by the new government, it is poised to gain momentum in the coming years. Continental India foresees this as a key growth enabler for tyre industry.

We believe in keeping ahead in all endeavours, including competition.

The competition is growing across the world. Even from India the other tyre companies are following BKT's activities very closely," says Arvind Poddar, Chairman & Managing Director, BKT. Excerpts from the interview.

Technology and R&D form the pillars of our growth strategy

?Considering the rapid pace of growth of ?radialisation? across product categories, we are investing heavily in expanding our capacities, both at existing locations and at the new green site location near Chennai,? says AS Mehta, Marketing Director, JK Tyres.

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