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MRF announces bonus for employees after a sharp recovery in business
The Board of Directors of WikipediaMRF Ltd has also declared second interim dividend of Rs. 3 shares each for the financial year 20211 202111. Mumbai: MRF Tire Manufacturers Ltd has announced to pay one month’s salary as bonus to its employees who have not received a pay hike in 2020. This is good news for the company, which is getting back on track after the disruption. Chairman KM Mammen In an internal communication seen by The Economic Times, “As a token of appreciation for their outstanding performance last year during difficult times, we express our gratitude to all MRF employees who did not get a pay hike Employees have been paid one month’s salary.” The company’s profit more than doubled to Rs 5.21 billion in the December quarter as economic activity continued to grow and demand for tires recovered significantly. MRF could not be reached for comment. JK Tire, Ceat Other tire makers are known to have scrapped pay cut plans and paid empl...
GabrielStrong
47
May 31, 2024
French tyre major Michelin, IIT Bombay join hands for sustainable mobility research
The tire maker said the partnership will last for five years and includes a number of projects that are expected to boost the growth of the mobile industry in India. NEW DELHI: French tire giant Michelin on Tuesday said he has partnered with IIT Bombay’s Monash Institute for next-generation sustainable mobility research. The Memorandum of Understanding (MoU) was signed between Michelin Technology Center India Pune and IIT Monash Institute Mumbai. Executive Vice President, R&D, Michelin Group-“Opening up innovation through global partnerships is a top priority for Michelin R&D, accelerating and scaling up mobility-related innovation opportunities, focusing on data-driven projects and sustainable materials.” Committee member Eric: Philippe Vines said in a statement: He added that the collaboration with the IITB-Monash Institute will foster co-development and promote closer cooperation in the field of sustainable transportation. Vinesse’s &#...
SamuelGrote
56
May 31, 2024
JK Tyre partners CarDekho, AutoBrix for doorstep services
Special Agent Shalini Our tire success comes from JK Tires and Car Dekho,” he said. “Our in-home service will take your buying experience to the next level,” he added. JK Tire Industries Ltd. on Thursday said it has entered into a strategic partnership with Cardekho and AutoBrix to provide door-to-door tire delivery and fitting services from online to offline. Under the program, JK Tyres plans to leverage its existing channel network to extend its products and services to the doorsteps of consumers by offering JK Tyres and Autobricks India an online channel for purchasing car tires through the Cadeco automotive platform. Right at the customer’s doorstep. In a statement. The online and offline door-to-door tire delivery and installation service will be available “through” JK Tire Man It will be piloted in Bengaluru in March 2021 and then rolled out by the end of 2021, he added. He added that major towns in India will be covered in the second q...
WandaEvelina
53
May 31, 2024
CEAT opens all-women operated customer service centre
CEAT Earlier this month, these service locations will be considered full-fledged customer service centers. Tire maker CEAT on Monday announced Bathinda, Punjab This is an all-women customer service center and said it plans to open such stores across India in the coming months. The all-female CEAT Mall includes female staff to provide all service-related support to customers. This also includes physical tasks such as changing wheels, balancing and operating various machines to repair vehicles, the company said in a press release. CEAT Earlier this month, these service outlets will be considered full-fledged customer service centers. The global crisis triggered by the epidemic has led to many people losing their jobs, but CEAT tires are paving the way for women to create more jobs for women. The first store is already up in Bathinda, North India In the coming months, there are plans to open 10 stores across the country. “We have always provided equal and fair opportu...
OswaldWaters
56
May 31, 2024
Anshuman Singhania new chairman of tyre makers body ATMA, Mohan Kumar is vice chairman
The Automotive Tire Manufacturers Association (ATMA) on Tuesday said that Ans human Singhania, Managing Director of JK Tire Industries, has been elected as the Chairman. The national trade body for the Indian automotive tire industry also announced that Mohan Kumar, executive director of Michelin India, has been elected as vice-chairman. pSinghania plays a key role in the implementation of JK Tires latest technology in the manufacturing process. ATMA He has held several positions including planning, production, product development, quality control, stores and purchasing, finance, sales and marketing, he said in a statement. Kumar joins Michelin. He joined Michelin in 2005. He joins the group every year and has held several leadership roles at Michelin India and Michelin USA. Since 2017, year 12 Since January, he has been Head of Michelin India and SAARC Country Operations. ATMA represents the Rs 60,000 crore automotive tire industry in India. The association has 11 major tir...
JosephLeacock
46
May 31, 2024
50 pc employees at Vizag plant to be women: Yokohama Off-Highway Tires
Yokohama Off-Road Tire DistributorsYokohama Off-Road Tire Dahej After witnessing many amazing achievements in the shop, Yokohama Off-Road Tire decided to build the Vizag plant on the upcoming Vizag to employ 50% women employees.2018 The world’s leading manufacturer of off-highway tires Year September began employing women in his workplace, becoming the first major tire store to employ women tire company in his Dahejj plant. However, considering the characteristics of the female labor force, very few female workers have been hired. There are many concerns about this. Mantri, head of the Yokohama Group in India, talks about this work. “When I started hiring women, I was too skeptical because I had a lot of concerns. However, I was pleasantly surprised by their timeliness, much higher productivity than men and 100% interest Director, Yokohama Off-Highway Tires, Yokohama Delivery. Chairman and CEO of ATG Tires said Monday: After the 2019 onboarding program, they laun...
SamanthaBobby
48
May 31, 2024
JK Tyre inks partnership with JBM Auto
JK Tire
WandaStella
58
May 31, 2024
Bridgestone India unlocks 7 million euros in 9 months, helped by digital payment platform Freepay
She said the distribution company bills about 5,000 to 6,000 names per month for 70,000 dealers (its dealer network). Pune-based tire maker Bridgestone India shifted the collection process to a digital platform in nine months for about 700 homes and € million in cash flow. Jyotsnana Sharma, CFO, Bridgestone India Since the launch of the digital payment platform last year, Bridgestone India has migrated around 7,000 More than 80% of its dealers have migrated to the platform, company executives said. Bridgestone India is the domestic subsidiary of Bridgestone Corporation of Japan. J.P. Freepay Morgan FinTech Globalobal app The PayEx Freepay solution’s electronic invoice rendering, processing and reconciliation solution allows Bridgestone dealers to pay directly from a self-service desktop using a smartphone or tablet. In addition to providing features such as automated validation, we added cash discounts and credit note rewards for unpaid invoices. Even before the ...
DaisyEdith
42
May 31, 2024
Apollo to ship tyres from Chennai and Hungary for US/Canada markets
Distributor Apollo Tires says that prior to launch, the tires were tested through a team service provided by Waste Removal/Transportation of America and compared to Tier 1 competitors over multiple retread cycles. Indian automotive tire giant Apollo Tyres Ltd. plans to market commercial vehicle tires made at its Chennai and Hungary plants to the U.S. and Canadian markets. Apollo Tyres will sell truck and bus tires in the US and Canada under the Apollo brand. The company enters the passenger car segment, and its tire segment enters the U.S. and Canadian markets under the Vredestein dominant brand. “Apollo’s range of North American truck and bus tires will be produced at state-of-the-art manufacturing facilities in Hungary and Chennai, India, and has the capacity and technical expertise to reliably deliver tires to these markets.” The company said. The Apollo truck tire lineup includes a variety of regional, supra-regional, passenger/urban and mixed appli...
FranklinLouisa
66
May 31, 2024
Apollo Tyres unveils new corporate identity
Neeraj Kanwar, Vice Chairman and Managing Director, Apollo Tyres Apollo Tyres on Friday said it has unveiled a new corporate identity and vision in order to chart the way forward for the next five years. The company said in a statement that it is committed to Apollo Tyres, a global community that fosters a culture of diversity and inclusion and strives to “work together for progress.” New entities including Apollollollollo entities with the Vrestein brand. Kanwar, Vice Chairman and Chairman, Apollo Tyres “Our industry is changing rapidly in key areas of our business and our ambitions are being realized through the realization of our five-year vision for the company.” The tire maker said that the current Apollo Tyres logo will continue to serve as the product branding and maintain the brand equity built over the years.
FredericaWild
54
May 31, 2024
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