CoralOnions - China Automobile Expert-CNAUTO

By D K Aggarwal It is a known fact that the performance of the tire industry is directly related to the performance of the automobile industry. Recent car sales figures show that the automobile industry is recovering. This will lead to increased order inflow from CEATT, Apollo Tires, MRF and Godyear India tire manufacturers. Tire manufacturers are benefiting from lower rubber prices, lower raw material prices and increased volumes as automotive demand recovers. Moreover, alternative markets are also showing good business. Hence, the future outlook for the sector is positive. Rubber is a key raw material for tire companies and its prices have been declining over the last four years. They have come down from the highs of the rupee. As of 2011, as of December 2011, it was Rs. 23,700 per 100 kilograms Rs. 13,320 per 100 kilograms. When contacted by the management of CEAT, a strong player in the industry, it is expected that raw material prices will remain stable for the next 6 ...

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Tyre stocks riding boom in auto sector; CEAT, Apollo, MRF, Goodyear top bets