Ralson Tyres forays into heavy commercial vehicles tyres in India
The Hindu
Ralson Tyres expands into heavy commercial vehicle segment in India, leveraging global success for high-performance tyres.
Ralson Tyres, which had started its India business with cycle tyres has announced its entry into heavy commercial vehicle (HCV) tyres in the country.
“This strategic expansion is a significant milestone for Ralson as the company transitions from being a leader in bicycle tyres to a formidable player in both the automotive and commercial tyre segments,” the company said in a statement.
Having its manufacturing facility in Indore since 2023, the company said it would meet the rising demand for high-performance commercial tyres in in India.
Its 60,000 MTPA-capacity plant, which is currently operating at full capacity, has already been catering to global markets, including North America, Europe, Latin America, Africa, and the Middle East.
Now, the facility’s production capabilities will be fully dedicated to supplying premium commercial tyres to the Indian market, it said.
The Indian commercial tyre market is poised for growth, driven by factors such as increasing freight volumes, the development of expressways, economic growth, and a shift towards radial tyres.
The market is projected to grow at a CAGR of 10% in the coming years.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
A lending licence will enable Flipkart - India’s largest e-commerce firm - to lend directly, a more lucrative model for the group.
Regulators target Elon Musk's businesses amid political fallout with Trump, impacting Tesla, SpaceX, Neuralink, and more.
India's Insolvency and Bankruptcy Code (IBC) has transformed the corporate insolvency resolution process, improving creditor recoveries and economic governance.
Experts discuss transformative technologies shaping India's airport experiences, emphasizing the need for digital ecosystems to manage cybersecurity risks.
LIC increases stake in Dr. Reddy's Labs to over 8%, acquiring more than 2% since October 2024.
Rupee gains against dollar on positive equities, Asian currencies, and softening crude oil prices, awaiting RBI policy decision.
Dr. Reddy's and Alvotech collaborate to develop biosimilar to Keytruda, enhancing oncology capabilities and global reach.
Hyundai exits Ola Electric Mobility by selling stake, while Citigroup Global Markets Mauritius acquires 1.95% stake.
Rupee weakens against dollar due to global risk aversion, importer demand, and anticipation of RBI policy review.
Sensex and Nifty surge on Reliance Industries boost, foreign fund inflows, and positive Asian market trends.
India Yamaha Motor celebrates 10 years in Chennai with 5 millionth two-wheeler, highlighting global operations and quality standards.
Trump’s name is being used to promote several crypto projects that have nothing to do with his own ventures, prompting confusion.
Trump threatens to increase steel tariffs to 50%, impacting U.S. economy, consumer demand, and domestic production negatively.