With the lockdown going for a long time now, many industries are taking the brunt of fighting their inventory issues. The demand for tyres has almost vanished in this lockdown. But the inventory kept with tyre manufacturers has almost risen to a month’s worth of production. This is quite a high number taking into consideration the previous records of inventory built up and sale of tyres.
Since the lockdown started in March 2020, the entire quantity of tyre production is stockpiled in the factory warehouse. In fact, manufacturers are facing the issue of tyre storage. Now the only option left with them is plan production cuts for the subsequent months to balance out the excess.
 |
| Apollo Tyres |
Few factors that several industries, including the tyre industry, have to watch out for are:
- To continue the broken supply chain
- To make manufacturing agile
- To react ably towards the changing market conditions
Rubber Industry
One industry that is hugely impacted by the manufacturing debacle of the tyres is the rubber industry. The rubber industry in India dates back to 1921, and since then it has been growing and expanding. The industry also saw a huge technological evolution since post-independence era. Today India is the:
- 4th largest producer of natural rubber
- 2nd largest consumer of natural rubber
- 5th largest consumer of natural and synthetic rubber together
A wide range of rubber products is manufactured by the Indian rubber industry that serves industries like civil, aviation, the three wings of defence, railways, agriculture, transport etc. The classification of this industry can be done into:
- Tyre
- Non-Tyre
The tyre sector produces all types of tyres of auto tyres, conventional and radial tyre and exports to foreign nations.
Recent News about Apollo Tyres
Our homegrown tyre manufacturer Apollo Tyres have partially started their manufacturing operations from April 22. This was done after following the various directives issued by the central and state governments on the exemption from lockdown.
Apollo Tyres, since 1972 and counting, is committed to delivering trust and confidence to each and every vehicle and its owner. The experienced innovators and technicians of the company manufacture and sells the best tyres for every variant of a vehicle. Making a tyre design and development is a very complex process when you take into account the integration of durability, grip and comfort, all at once. But Apollo tyres spend a lot of time and R&D to give the best and durable product for a smooth running of the vehicle.
Apollo tyres are indeed the best tyre manufacturing firm. In these times of global economic uncertainty and debacle, we all need to come along and support our country’s economic and financial condition. It is of paramount importance to support monarchs of Make in India, and apollo tyres have always proved to be the trustable name in every road condition.
.png)
.png)
0 Comments