Larger listed domestic-focused tyre companies have underperformed the benchmarks in the last three months but exporter Balkrishna Industries has bucked the trend. The company, which exports off-highway tyres, has generated 43 per cent returns in this time compared to MRF and Apollo Tyres, which are down 5-10 per cent. In addition to better-than-expected performance in the March quarter, exports and market share gains have helped Balkrishna pull ahead of peers.
The margins of tyre manufacturers could come under pressure given the rise in rubber prices and the moderating demand for tyres. In the past three quarters, the revenue growth for listed tyre companies has moderated from low to mid-single-digit on account of factors such as lower demand in replacement segments, weak export markets and the decline in the average selling prices to car makers (OEMs). Demand trends could remain muted in the near term, given the weak passenger vehicle replacement demand, assuming a typical replacement cycle of 3-5 years, and demand moderation in the OEM segment.
Lando Norris stretched his Formula One championship lead to nine points after winning Saturday's Sao Paulo sprint while McLaren teammate and title rival Oscar Piastri crashed in a big blow to the Australian's bid to get back on top.
The 52-year-old driver, Atish Shah, lost control of the wheels, and as a result, the car skidded on the road and rammed into the divider, he said.
The Maharashtra State Road Development Corporation (MSRDC) said on Wednesday that aluminium nozzles, mistaken by motorists as nails, were temporarily used on a stretch of the Samruddhi Expressway to fill minor cracks.
Four times World champion Max Verstappen said he had nothing to lose and would go all out to win.
With scrutiny and practice scheduled for November 29, the main races will unfold on November 30, promising a day of speed, skill and spectacle.
In India, cricket games are part of our geographical landscape like the Ganga or the Himalayas or the Western Ghats or Kanyakumari. Millions of games unfold across India at any time of day. Travel in any direction and you are bound to see a cricket game in progress -- be it urban gully cricket to games on dusty village grounds to roaring stadiums to famous greens that cradled cricket like Shivaji Park or Azad Maidan.
While several teammates, including Bruno Fernandes, Bernardo Silva and Ruben Neves, were among the mourners, Ronaldo was conspicuous by his absence.
McLaren's Lando Norris won the Sao Paulo Grand Prix to surge 24 points clear in the Formula One championship on Sunday.
Verstappen wins in Qatar to ensure three-way title showdown
Lando Norris can be crowned champion on Sunday but a win for Oscar Piastri would take the battle down to a final showdown in Abu Dhabi next weekend.
Red Bull's Max Verstappen won the Las Vegas Grand Prix on Saturday but McLaren's Lando Norris had one hand on the Formula One title after finishing second and stretching his lead over teammate Oscar Piastri to 30 points.
Red Bull's four-times World champion Max Verstappen gave his fans fresh hope -- at least for some of the afternoon -- with a stirring and spirited fightback at Interlagos.
Sporadic violence erupts across Bangladesh as the nation awaits a special tribunal verdict against former Prime Minister Sheikh Hasina in a case of alleged crimes against humanity. Security is heightened, and authorities are on high alert.
The XEV 9S is poised to disrupt the market, specifically with its entry-level variant called the 'Pack One Above', which offers a level of equipment rarely seen in base models, writes Rajesh Karkera/Rediff.com.
The two McLaren drivers were ruled out for excessive skid plank wear hours after the race had ended and the podium champagne been sprayed.
Two friends, G Ramesh and N Ramesh, and their families were on the same bus that caught fire in Kurnool. One family survived, while the other perished in the tragic incident.
Here's a look at some key moments which helped decide the championship fight.
TVS Motor Company on Wednesday said it has partnered with connected lifestyle brand Noise for electric vehicle-smartwatch integration to enable riders to connect with their vehicles.
The protests, with the slogan of 'Marwari go back', were triggered following some Marwari people allegedly beating up an individual at Secunderabad here recently, police sources said on Saturday.
'I feel so grateful and honoured to have shared my life with such a beautiful soul, an angel and true friend.'
Andhra Pradesh police confirm that two drunk motorcyclists caused a bus fire that killed 19 passengers. The bus ran over their already-wrecked vehicle, leading to a fuel tank explosion.
The driver of a Bengaluru-bound bus that caught fire in Andhra Pradesh, killing 20 people, is in police custody. He is accused of fleeing the scene after the collision.
Piastri now leads Britain's Norris by 14 points with five rounds and two sprints remaining, while Verstappen has slashed his gap to the Australian to 40 after being 104 behind at the end of August.
EV manufacturers point out that converting a regular petrol car into a flex-fuel vehicle requires only about Rs 17,000-25,000 per unit, whereas developing an EV demands vastly greater investments in research, battery development, and localisation.
India has advised its citizens to defer travel to Nepal due to ongoing unrest and anti-government protests. The Ministry of External Affairs has also urged Indian citizens currently in Nepal to exercise caution and avoid public areas.
Andhra Pradesh police investigate the cause of a deadly bus fire in Kurnool, suspecting a battery explosion contributed more to the blaze than the two-wheeler's fuel tank. DNA profiling of the charred bodies is underway.
More Indians start car shopping online, pushing automakers and dealers to respond quickly, train staff, and use AI to turn clicks into showroom visits.
"As the driver might have nodded off, the bus went to the right side and first hit the crash barrier and then the divider," he said.
Zero depreciation cover ensures that the insurer pays the full replacement cost of parts such as bumpers, headlamps, side mirrors, and plastic fittings.
Amidst growing competition and global softening of EV demand, its India entry was due for a long time and that finally happened sometime back although yet again the approach was different.
Due to the tyre burst, the aircraft got stranded on the taxiway, prompting authorities to shut the airport's runway till 4 pm, affecting the services of passenger flights, officials said.
Tyre stocks have been on a tear over the past six months, with average returns exceeding 45 per cent. Except for Apollo Tyres, which has seen a slight correction in the last month and a half, limiting its gains to 16 per cent, listed peers such as MRF, CEAT Tyres (formerly Cavi Elettrici e Affini Torino), and JK Tyre & Industries have delivered returns exceeding 30 per cent during this period. Production-related constraints and sluggish demand in Europe, where sales are expected to remain flat, coupled with high valuations, have contributed to Apollo Tyres' underperformance. The tyre sector's gains can be attributed to robust growth trends driven by the replacement market, which constitutes more than two-thirds of sales.
George Russell took Mercedes' first win of the Formula One season in Canada on Sunday while McLaren's Oscar Piastri went 22 points clear in the championship after teammate Lando Norris smashed into him and retired.
Ducati's Marc Marquez smashed the Balaton Park Circuit lap record twice on Saturday to claim pole position for the Hungarian Grand Prix as his teammate Francesco Bagnaia endured his worst qualifying session of the season.
Verstappen starts new Red Bull era with Spa sprint win
Maruti Suzuki, India's largest producer of small cars, stands to benefit the most.
The Renault Triber's USP remains its exceptional interior space and seven-seater capability, a combination rarely found in the 7 lakh to 10 lakh on-road price bracket in India.
Mahindras unveil four stunning, eye-popping, concept SUVs: the Vision.S, Vision.X, Vision.T, and Vision.SXT.
