JK Tyre & Industries Ltd

Matter remanded back to CCI on a plea from top five tyre companies and their association ATMA

Cites pent-up demand in the domestic market

Revenue from operations grew 25.59 per cent to ₹3,764 crore

Tyre manufacturers show interest to buy more of the industrial commodity from domestic market

The service will not only sell but also ensure the fitment is done at the preferred location of the customer

Hopes to achieve 20-25 per cent growth in turnover in the current fiscal

The focus will be on developing products that would cater to global EV original equipment manufacturers also, says R Mukhopadhyay, Director, R&D

He has 31 years of experience and has worked with leading auto firms, including Ashok Leyland and Tata Motors

Reliance Securities

Typically an EV has a much higher torque level on the contact area of the tyre, leading to faster wear and tear

Says industry unable to go for price hikes also because of market conditions

This is the second such action taken by the competition watchdog in less than two months on the tyre makers