MRF posts decline in profit as rubber price surge
India Business News: BENGALURU: MRF on Friday posted decline in its fourth-quarter on Friday, primarily due to the surge in rubber prices.
Source: indiatimes.com
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Titan International acquires Carlstar Group for USD 296 mn, Auto News, ET Auto
Carlstar Group: Carlstar is a global manufacturer and distributor of specialty tires and wheels for a variety of end-market verticals including outdoor power equipment, power sports, trailers, and small to midsize agricultural and construction equipment, the company said.
Source: indiatimes.com
Continental presents ContiConnect Lite for digital tyre management, ET Auto
Continental: ContiConnect Lite is a simple and free-of-charge gateway to selected ContiConnect functionality via smartphone. The new app version is also available for digital tire monitoring for agricultural tyres, earthmoving tyres and port operation tyres, the company said.
Source: indiatimes.com
Tolins Tyres files draft papers to garner INR 230-cr via IPO, Auto News, ET Auto
Tolins Tyres: The company may consider raising INR 25 crore in a Pre-IPO placement round. If such placement is undertaken, the fresh issue size will be reduced.
Source: indiatimes.com
SUVs help keep Michelin profits rolling in, Auto News, ET Auto
Michelin, the world's top tyre maker, on Monday posted record operating profits as a focus on premium products, including for SUVs, helped it survive an otherwise lacklustre year. Sales of premium and big tyres, in particular for SUVs, helped improve the company's performance, as did a drop in costs for raw materials from peaks hit in 2022.
Source: indiatimes.com