International carmakers are scrambling to boost sales in India. Automakers like General Motors, Nissan Motor Co and Renault SA has seen over the past weeks hundreds of job losses. Some have already reduced output, and industry analysts expect more to…
Category: Industry News
Volkswagen sees 3. 7 % drop in July sales in China, Russia
Weak markets in China, Russia and Brazil led to a decrease of 3.7 % in the July sales of the German carmaker Volkswagen. “The overall economic situations in China, Russia and Brazil remain difficult. As before, the Volkswagen group has…
Australia tyre market report
The TechSci Research report, “Australia Tyre Market Forecast & Opportunities, 2020”, has announced that the tyre market in Australia is predicted to reach around US$ 2.8 billion in 2015. This is due to several reasons, including: increase in industrialization, increasing…
Dealers angry of demand to restrict import of radial tyres
The fall in rupee has made the import of radial tyres costlier. This in turn has made the local tyre industry to demand for a restriction on radial tyres, angering dealers in the process who say that the demand is…
RSS-4 Rubber price on a six-year low
At Rs 112 per kg, India’s RSS 4-grade rubber price has skidded to a six-year low. The price drop is still an effect of China’s decline in demand of Indian rubber. The decline dampened the festive mood of the Onam…
India rolls out Rubber Production Incentive Scheme
In light of the declining rubber prices, Indian rubber farmers will surely take the brunt. That’s why the Indian government launched the Rubber Production Incentive Scheme (RPIS). The scheme ensures that farmers will always be paid Rs 150/kg for their…
Construction of Malaysia’s Rubber City start in 2016
Construction of Malaysia’s “Rubber City” in Padang Terap is set to begin next year, said Datuk Dr Ku Abdul Rahman Ku Ismail, state Industry and Investment, Domestic Trade, Cooperatives and Consumer Affairs Committee Chairman. The city would be an industrial…
Malaysian Rubber Exports to hit RM16bn mark
Malaysian exports of rubber products had a strong six months, at RM8.46bn. That’s a big leap considering that the export value was RM10.7bn for the whole of 2014. If trade keeps going at the same pace, experts say that the…
Oshawa assembly line of GM to be extended till 2017
General Motors Co (GM.N) will keep its Oshawa assembly line in operation. GM said it would invest C$12 million to increase Chevrolet Equinox production and make related changes at the separate CAMI Assembly, extending production on its consolidated line to…
Asian rubber futures end diversified
Asian rubber futures ended the session mixed Tuesday. Benchmark Tokyo rubber futures for January delivery ended down 6.2 yen at Y168.7($1.40) a kilogram. The benchmark futures have fallen 31% since June and markets were expecting little recovery in demand. “The…