07 Dec 2024Ceat, one of the major tyre manufacturers in India is all set to acquire Michelin’s off-highway tyre brand, Camso, for USD 225 million (about INR 1,900 crore). As a part of the deal, Ceat will also acquire two Michelin-owned manufacturing plants in Sri Lanka. Camso is a Canada-based company focused on manufacturing tires for tractors, bulldozers, and harvesters-thus yielding better profit margins than passenger car tires. Michelin took Camso under its ambit in 2018 for nearly USD 1.5 billion.
Read MORE
09 Nov 2024Bridgestone, the Japanese tyre giant, announced on Friday an investment of $85 million (around ₹720 crores) to boost production capacity and capabilities at its two plants in India.
Read MORE
14 Jan 2025The UK’s Tyre Industry Goes Digital: A Look at the Rise of Online Tyre Retail
Read MORE
07 Jan 2025Nexen Tire, a South Korean tire manufacturer founded in 1942, has grown into one of the most recognized and trusted names in the global tire industry. Over the years, the company has built a reputation for producing high-performance, reliable tires designed for a variety of vehicles. With its commitment to innovation and quality, Nexen has established strong partnerships with some of the world’s top automotive brands.
Read MORE
