Tyre manufacturers have had a spectacular ride at the bourses in April, on good demand outlook, coupled with improvement in profitability due to a fall in rubber prices.

Shares of tyre manufactures such as MRF, Apollo Tyres, Ceat and Falcon Tyres have rallied 3-10% on softening of rubber prices, the main raw materials of tyre companies,  due to higher than expected production.

Goenka, currently is the Deputy Managing Director of the company, Ceat said in a statement.

While tyre major Ceat has started scouting for local partners for its proposed manufacturing plant in Bangladesh, the flagship company of Harsh Goenka-controlled RPG Group has planned its next step: look beyond SAARC countries for further expansion.

Tyre maker Ceat today said it would invest up to Rs 250 crore to set up its first manufacturing plant in Bangladesh within the next 30 months.

Tyre maker Ceat today reported 52.30% decline in net profit for the quarter ended December 31, at Rs 2.39 crore due to labour unrest at its Nashik facility.

The company had reported a net profit of Rs 13.8 crore in the same period last financial year, Ceat said in a filing to the Bombay Stock Exchange (BSE).

Apollo and JK tyre companies are looking at buying natural rubber (NR) plantations in South-East Asia to decrease dependence on buying NR from the Kerala spot markets.

Ceat, India's fourth-largest tyre maker, last week raised prices of tyres 2-2.5% across categories, and expects margins to improve from September quarter due to a fall in prices of rubber, key raw material, a senior official said.

Ceat Deputy Managing Director Anant Goenka talks about his plans in an interview with Ram Prasad Sahu.

RPG Group promoted Ceat Ltd expects to post higher rate of growth in exports compared to growth in domestic sales in 2011-12 because of its recently-started car tyre exports. The company was earlier exporting only traditional truck and bus tyres.

Ceat Ltd, India's fourth largest tyre maker, has earmarked Rs 150 crore as capital expenditure in FY12 and expects exports to rise by as much as 50%, a senior official said on Thursday.

Tyre major Ceat Ltd today reported an 83.71% decline in consolidated net profit for the year ended March, 31, 2011, to Rs 26.46 crore, hit by high raw material costs, specially that of rubber.

Shares of Indian tyre companies have gained by three to 13 per cent after German tyremaker Continental AG agreed to buy Modi Rubber’s unit last week.

RPG Group's flagship company Ceat Limited has announced the second edition of ‘India Road Transportation Awards 2011‘. The selection for the award will be held at the regional level, which will then be followed by the national level.

For 3QFY2011, Sterlite reported robust growth of 24.4% y-o-y to Rs 8,332 crore, well above our estimates of Rs 7,143 crore. Net sales were above our expectations due to higher-than-expected realisation on zinc, aluminum and lead sales.

Tyre maker CEAT today said its net profit declined by 79.14 per cent to Rs 5.01 crore for the third quarter ended December 31, over the same period previous fiscal.

Tyre stocks today rose up to 3.3 per cent following the government's decision to cut import duty on natural rubber.

Ceat Ltd, India's fourth largest tyre maker, plans to continue 1-2 per cent price hikes of its tyres having decided big price increases unfeasible, a senior official said on Friday.

The shares of tyre companies are in limelight on the bourses today, after the  government cut import duty on natural rubber to 7.5% from 20% currently, for shipments up to 40,000 tonnes till March 31, 2011, to boost domestic supply and check rising