Indian tyre industry has been reporting good growth figures over the past few years, spurred by the growing passenger vehicle and two-wheeler market. It has emerged as one of the most competitive markets in the world and with the emergence of new technology, ultra-modern production facilities and availability of raw materials, the sector is poised to grow further. Major technological changes have taken place in tyre design from conventional bias or diagonal ply from the past to the current steel radial tyres, tubeless tyres, with low aspect ratio tyres, puncture resistant tyres etc. Testing standards have also evolved accordingly to ensure high performance, mileage, safety, reliability and longevity of the tyres. The Indian tyre industry has been quick in adopting the latest technology trends through foreign collaborations and tailoring these to Indian needs. The manufacturers are also investing in the development of ̳green tyres‘ and in capacity expansion for radial tyres. Innovative technologies like self-inflation and run flat tyres (RFT) are also gaining popularity in the Indian market. The market for radial tyres in the commercial vehicles segment has seen rapid growth in recent times.
Brief Statistics of Indian Tyre Industry (Financial Year 2011-2012)
|Turnover of Tyre Industries||₹ 43,000 Crores|
|Tyre production Tonnage||15 lakhs M.T.|
|Tyre production in all categories (No.)||1254 Lakh|
|Tyre export from India (Value)||₹ 4209 crores|
|No. of Tyre Companies||39|
|Industry Concentrations||10 Large tyre companies account for over 95% of total production|
Infocost have full strength of costing professionals in SAP management accounting (CO) to help the Tyre industry and organizations in achieving the required cost controlling and optimization measures.
May it be product costing, standard costing, actual costing, activity based costing, profitability analysis, make or by decision, planning and budgeting, recovery reporting, costing sheets and many more MIS and decision making tools.
PoV of Infocost on Tyre Industry
As per report of www.ffymag.com, (July, 2013), in 2011 -12 India has produced 203.7 lakh new vehicles including all categories leading to astounding increase of 13.86% in 2012 over 2011 -12 year. India is set to break into the league of the top five vehicle producing nations. The total turnover of India ‘s auto components sector is expected to almost treble in size $ 113 billion to account for 80 per cent of the total sales by 2020. Exports will account for the balance 20% of the market by 2020.
We have vast experience in SAP CO management account & costing in tyre industries and have developed the costing and MIS modes for such industries.
Tyre industries where we have the experience and association of working are;
- TVS Srichakra Ltd. Madurai