Local analysts remain neutral on the auto and auto parts sector as the Goods and Services Tax (GST) implementation and other macroeconomic headwinds will pose challenges for automotive sales in 2015. RHB Research said it remained neutral with Berjaya Auto…
Category: Industry News
India Rubber Meet 2015 to gather the best of the rubber industry
Stakeholders of the Indian rubber industry will convene on March 4 to 5 this year for the India Rubber Meet 2015. The event which is to be held at Le Meridien, Convention Centre, in Kochi, India will see stakeholders such…
Daihatsu 2015 sales in Indonesia to remain flat
2015 sales of PT Astra Daihatsu Motor, is forecasted to remain flat at 185,000 units, Kontan daily reported. The firm recorded sales of 185,226 units in 2014, representing 15 percent of Indonesia’s domestic car sales. The Indonesian automotive manufacturers association…
25 billion baht to be provided to business operators buying natural rubber
The Government Savings Bank and Krung Thai Bank has been ordered by The National Council for Peace and Order (NCPO) to provide business operators with soft loans worth 25 billion baht to buy natural rubber from farmers. The resolution came after a…
New Nokian NTR 52 introduced
Nokian Heavy Tyres is introducing the new Nokian NTR 52 steer axle tyre for trucks and buses for medium and long distance use. This new tyre meets the EURO 6 load carrying capacity requirements and has a higher load index…
Lamborghini collaborates with Pirelli; creates the Aventador Pirelli Edition
Lamborghini has announced its collaboration with Italian tyre manufacturer Pirelli. The Aventador Pirelli Edition, available in Coupe and Roadster versions, will be produced in a special series and is available to order now from dealers, for delivery by mid-2015. The…
Indonesia’s rubber exports to stay stagnant this year
Rubber exports in Indonesia will remain stagnant at 2.5 million tons due to poor weather and weak prices in the international labour market. The association of Indonesian Rubber Producers Association (Gapkindo) expects Indonesia’s natural rubber exports to remain stagnant at…
Rubber farmers and traders in India lose out from government scheme
One month after the launch of the much-hyped government scheme to ensure that rubber farmers get a minimum of Rs 130 per kg, it has not benefited the farmers and small dealers on the ground. Disgruntled rubber farmers and traders…
2014 a successful year for Continental
Continental Corporation has announced that it had €34.5 billion in sales in 2014, a major leap from the year before. “All in all, we systematically continued along our successful path last year despite the weak growth in Europe, Russia, and…
India plants more trees in Tipura; to meet demand
The Indian government is giving a huge impetus for rubber growers by planting more rubber trees in north eastern areas of the country like Tripura, which is the second largest rubber producer in the country after Kerala state. The climate…