Interaction – Tires & Parts News https://tiresandparts.net Your News Source for Everything Automotive Sun, 24 Jan 2021 09:28:18 +0000 en-US hourly 1 https://wordpress.org/?v=5.0.11 4D imaging radar technology provides game-changing safety for autonomous vehicles https://tiresandparts.net/interaction/4d-imaging-radar-technology-provides-game-changing-safety-for-autonomous-vehicles/ https://tiresandparts.net/interaction/4d-imaging-radar-technology-provides-game-changing-safety-for-autonomous-vehicles/#respond Thu, 21 Jan 2021 04:10:27 +0000 https://tiresandparts.net/?p=33733 The pouring investments into autonomous vehicles has accelerated the demand for advanced sensors in the automotive industry to deliver greater safety. Against the backdrop, 4D imaging radar technology is gaining popularity given its ability to ensure vehicle safety by handling higher levels of autonomy in any sort of weather, says GlobalData, a leading data and […]

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The pouring investments into autonomous vehicles has accelerated the demand for advanced sensors in the automotive industry to deliver greater safety. Against the backdrop, 4D imaging radar technology is gaining popularity given its ability to ensure vehicle safety by handling higher levels of autonomy in any sort of weather, says GlobalData, a leading data and analytics company.

Sudheshna Karukula, Senior Disruptive Tech Analyst at GlobalData, comments: “The increasing number of sensors adding to the weight of autonomous cars remains a major concern to automakers. 4D imaging radar sensors can address this challenge by replacing various single-function sensors while also proving to be safer than traditional radar or light detection and ranging (LiDAR).”

The Innovation Explorer database of GlobalData’s Disruptor Intelligence Center reveals how two Israel-based startups are in action to transform the safety of autonomous vehicles by providing 4D imaging radar sensor technology.

Vayyar

The multifunctional radar-on-chip (ROC) of Vayyar replaces many traditional single-function sensors by eliminating the need for expensive LiDAR and cameras. It offers high resolution and a wide view to deliver precision and detailed classification of the vehicle environment.

The ROC offers in-cabin safety by providing intruder alerts, collision avoidance, blind spot detection, child presence detection, enhanced seat belt reminders, lane change assistance and eCall to alert emergency services in the event of a crash. It also supports addition of safety features via over-the-air (OTA) software upgrades.

RFISee

Imaging radar developer RFISee unveiled its first 4D imaging radar chip that generates a real-time 3D location and velocity map of a car’s surrounding objects. It leverages a focused beam based on its proprietary ‘Phased Array Radar’ technology. The multiple transmitters used on the chip generate focused beam that can quickly scan the field of view, while the receivers provide an improved radar image for a better signal to noise ratio.

The radar chip can detect cars from 500 meters and pedestrians from 200 meters in all weather conditions, with an angular resolution greater than 1 degree.

Ms Sudheshna concludes: “The multifunctional nature of 4D imaging radar sensors is expected to reinforce safety of autonomous vehicles while also controlling the production costs for automakers. The race to put self-driving vehicles with Level 4 and Level 5 autonomy on road at the earliest has made 4D imaging radar as the optimal technology for advanced safety. Moreover, increasing safety regulations and the plan of European New Car Assessment Programme (Euro NCAP) to provide star ratings for autonomous car safety can advocate for 4D imaging sensor technology as a critical part of autonomous vehicles in the future.”

Animesh Kumar, Director of Automotive Consulting at GlobalData, comments: “The demand for autonomous vehicles in the global market is leading to increased development and enhancement of autonomous technologies. The 4D imaging radars enhance autonomous vehicle performance by delivering multimodal capabilities and make vehicles safer. The technology is expected to emerge as a key attribute supplementing the future growth and adoption of autonomous vehicles.”

Credits: GlobalData

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Fiat Chrysler Automobiles looks to increase localization, reduce costs and grow SUV sales in India https://tiresandparts.net/interaction/fiat-chrysler-automobiles-looks-to-increase-localization-reduce-costs-and-grow-suv-sales-in-india/ https://tiresandparts.net/interaction/fiat-chrysler-automobiles-looks-to-increase-localization-reduce-costs-and-grow-suv-sales-in-india/#respond Thu, 07 Jan 2021 09:27:39 +0000 https://tiresandparts.net/?p=33546 Through the investment, which is in addition to the US$450m invested by the company in India over the past five years, the company intends to introduce next generation Jeep Compass, a three-row SUV, as well as locally assembled Jeep Wrangler and Jeep Cherokee. These vehicles will be manufactured in the Ranjangaon plant, co-owned by FCA […]

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Through the investment, which is in addition to the US$450m invested by the company in India over the past five years, the company intends to introduce next generation Jeep Compass, a three-row SUV, as well as locally assembled Jeep Wrangler and Jeep Cherokee. These vehicles will be manufactured in the Ranjangaon plant, co-owned by FCA and Tata Motors. The inclusion of new vehicles in portfolio and local manufacturing/assembling will help the company enhance the Jeep brand, increase localization reduce costs and boost sales.

“The company tasted success with strong sales of Jeep Compass. However, it has so far failed to gain significant market share due to stiff competition and limited product offerings. FCA presently has less than 1% share and has only two vehicles in Indian market – locally assembled Jeep Compass and the CBU imported Jeep Wrangler.

“The SUV segment in India presents significant opportunities and several new players and models have entered the Indian market in recent times. Players like Kia and MG Motor have entered the market and now the segment boasts of several models under sub-compact SUVs, compact SUVs and full-size SUVs. Though the Indian automotive market has been struggling, feature loaded SUVs have proved to be an exception. However, there is a higher demand for affordable SUVs like the compact and sub-compact SUVs. Since FCA does not have any compact or sub-compact SUVs planned, it will be difficult for the company to gain sizeable market share.

 

Credits: Animesh Kumar, Director of Automotive and Travel & Tourism Consulting at GlobalData

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Government, private sector cooperation kept UAE at forefront of global trade amid covid-19 https://tiresandparts.net/interaction/government-private-sector-cooperation-kept-uae-at-forefront-of-global-trade-amid-covid-19/ https://tiresandparts.net/interaction/government-private-sector-cooperation-kept-uae-at-forefront-of-global-trade-amid-covid-19/#respond Tue, 15 Dec 2020 16:07:38 +0000 https://tiresandparts.net/?p=33337 Governmental department private sector collaboration was key to keeping the UAE at the forefront of global trade and connectivity during covid-19, a Dubai Customs official said, with the UAE ranking as one of world’s most connected nations amid the coronavirus. Ahmed Kazim, Head of Strategy at Dubai Customs said Dubai Customs is currently linked with […]

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Governmental department private sector collaboration was key to keeping the UAE at the forefront of global trade and connectivity during covid-19, a Dubai Customs official said, with the UAE ranking as one of world’s most connected nations amid the coronavirus.

Ahmed Kazim, Head of Strategy at Dubai Customs said Dubai Customs is currently linked with 28 government entities with a main objective being to facilitate the free movement of goods.

At the outset of the global pandemic, Mr. Kazim said Dubai Customs sat with other key global logistics partners such as DP World, and Emirates Sky Cargo, to help ensure uninterrupted supply of essential goods across the world through Dubai.

“We sat together to activate the Sea Air Strategy announced by His Highness Sheikh Hamdan bin Mohammed Al Maktoum, the Crown Prince of Dubai,” said Kazim.  “We managed to reduce the time to move goods from sea to air from 48 hours to three hours. So just imagine how fast you can move goods between sea and air?  That wouldn’t happen without the collaboration between the different government entities.”

Kazim was speaking at a panel discussion about Dubai’s Emergence as a Global Logistics Hub, hosted by Hypermotion Dubai, a global forum addressing the future of the transport, logistics and mobility sectors through disruption, decarbonisation and digitalisation.

In addition to robust government department cooperation, Kazim said private sector collaboration was also critical in ensuring Dubai maintains its position as a global trade hub.  “We created the Dubai Customs Consultative Committee, and we’re the world’s first Customs agency to establish such a group,” said Kazim.  “We meet with 14 leading Dubai business groups quarterly to discuss the current situation, trends, new technologies, policies and procedures.

“We take care and we listen and we work with them on how we can support them and how we can make them flourish in Dubai with more business.”

Kazim’s comments come as the UAE emerged as one of the top five most globally connected countries in the world, according to a recent study by DHL, a global courier, parcel, and express mail service.

The DHL Global Connectedness Index 2020, compiled in collaboration with the NYU Stern School of Business, tracked international flows of trade, capital, information and people across 169 countries during the coronavirus pandemic.  It found that the UAE, along with the Netherlands, Singapore, Belgium and Ireland, led the global rankings.

Mr. Kazim said the rise of e-commerce was amplified by covid-19, with Dubai Customs implementing new regulations to maintain a high growth of digital transactions in the coming years: “Dubai Customs created new laws and regulations that are not being implemented anywhere in the world, and that are designed to support the vision of e-commerce,” he added.

Hypermotion Dubai’s panel discussion was also addressed by Mohsen Ahmed, CEO of Logistics District at Dubai South; Nadia Abdul Aziz, President of the National Association of Freight and Logistics in the UAE; and Ibrahim Al Najjar, IT Director at DP World, one of the world’s largest port operators.  The panel was moderated by Roland Zibell, Director of Logistics Consulting at ADI Consulting.

Al Najjar spoke about DP World’s transition from a local port operator to a global trade enabler with technology at the core of its strategy: “Over the last few years there has been a major transformation within the identity of DP World, and it was mostly driven towards aligning with the larger strategy of Dubai’s vision to be a global trade hub,” said Al Najjar.

“DP World restructured itself to incorporate these visions within the organisation’s identity, and so DP World is no longer just a port operator, but we identify ourselves as a trade enabler.  Our mission and our vision is not to move containers between ships and yards, but to look into the customer journey and the trader journey from A to Z.

“We really depend on technology to enable that trade transaction, not only from within Dubai, but internationally, because the nature of trade is to exchange between other markets.  Technology helped us realise that vision to become a trade enabler and not just a port operator.”

Al Najjar said Dubai’s high standing in global trade, logistics, and connectivity is due to the emirate’s proactive approach to innovation.

“DP World, and Dubai in general, is not going to wait to see what’s going to happen in 10 years when it comes to the disruption, decarbonisation and digitalisation of global trade and logistics,” said Al Najjar.

“We are going to make what we want to happen in 10 years. And that happens through taking bold decisions, investing in innovation and shaping the future so that it becomes our reality.”

‘Dubai’s Emergence as a Global Trade Hub’ was part of a video panel discussion series hosted by Messe Frankfurt Middle East, the organiser of Hypermotion Dubai, which will make its debut from 2-4 November 2021 at the Dubai Exhibition Centre (DEC).

The annual three-day event will take place with DP World as Global Partner and Dubai South as Future City Partner.  Other government partners and supporters include Dubai Tourism as Destination Partner; Dubai Chamber; UAE Ministry of Economy; UAE National Program for Artificial Intelligence; Dubai Supreme Council of Energy; and the UAE Telecommunications Regulatory Authority.

Hypermotion Dubai will coincide with Expo 2020 – the Arab region’s first World Fair running under the theme ‘Connecting Minds, Creating the Future’.

With mobility, sustainability, and opportunity key subthemes of the six month-long mega event, Expo 2020 is set to provide a much larger global audience for Hypermotion Dubai, which will operate under four key themes: Connectivity, Hypermodality, Sustainability and Digital & Urban Logistics.

Hypermotion Dubai is designed to connect public and private investors as well as decision makers with technologies made specifically for the mobility industry with a lead focus on logistics and freight.

It will target a unique mix of Business-to-Government (B2G), Business-to-Business (B2B) and Business-to-People (B2P) audiences through strategic content, high-end networking opportunities, competitions and pitches covering all aspects of the future of intelligent transport systems.

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Ola’s entry into New Zealand electric scooter market to offer new opportunities https://tiresandparts.net/interaction/olas-entry-into-new-zealand-electric-scooter-market-to-offer-new-opportunities/ https://tiresandparts.net/interaction/olas-entry-into-new-zealand-electric-scooter-market-to-offer-new-opportunities/#respond Thu, 10 Dec 2020 05:24:28 +0000 https://tiresandparts.net/?p=33271 After announcing its entry into electric vehicle (EV) business through the acquisition of the Netherlands-based electric scooter manufacturer Etergo BV in May 2020, Ola is now set to foray into the New Zealand EV market. The company is anticipated to start sales in New Zealand within a year. It is likely to launch premium range […]

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After announcing its entry into electric vehicle (EV) business through the acquisition of the Netherlands-based electric scooter manufacturer Etergo BV in May 2020, Ola is now set to foray into the New Zealand EV market. The company is anticipated to start sales in New Zealand within a year. It is likely to launch premium range of electric scooters using its existing expertise of Etergo BV.

“Ola’s choice of New Zealand as the first market to foray seems to be a right move. The company would be significantly benefitted by its existing presence in the New Zealand through its shared mobility business, making it an insider rather than outsider. In addition, the appetite for electric mobility and micro-mobility has been growing fast in New Zealand and the country has been witnessing multi-fold increase in demand for products including e-bikes, e-scooters and other electric two-wheeler range. Finally, conducive government policies also drive the use of electric vehicles to reduce tailpipe emissions.

“Ola’s foray into New Zealand electric scooter market will support government’s target of brining 64,000 new electric vehicles on road by 2021 and becoming carbon neutral by 2025. Apart from selling outright products to customers, significant opportunities also exist for Ola to explore other ownership models including leasing, subscription and its core shared mobility services such as scooter sharing/rental and bike e-hailing.

Credits: Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData

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Motor Vehicle Aggregators Guidelines 2020 conducive for long-term shared mobility growth in India https://tiresandparts.net/interaction/motor-vehicle-aggregators-guidelines-2020-conducive-for-long-term-shared-mobility-growth-in-india/ https://tiresandparts.net/interaction/motor-vehicle-aggregators-guidelines-2020-conducive-for-long-term-shared-mobility-growth-in-india/#respond Wed, 02 Dec 2020 04:40:49 +0000 https://tiresandparts.net/?p=33150 The guidelines present benefits to all stakeholders, including customers, drivers as well as the cab aggregators. Customers would be benefitted through the cap on surge pricing, which has been set at maximum 1.5 times of the base fare. Drivers would be required to undergo medical tests, verifications and trainings in addition to several other requirements […]

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The guidelines present benefits to all stakeholders, including customers, drivers as well as the cab aggregators. Customers would be benefitted through the cap on surge pricing, which has been set at maximum 1.5 times of the base fare. Drivers would be required to undergo medical tests, verifications and trainings in addition to several other requirements that are aimed at ensuring safety of the customers, especially women riders. The cab aggregator apps would also become more user friendly as they are required to provide multiple language options.

“Key pain points for customers are surge pricing and the cancellations by drivers. Both these have been tackled by the guidelines. Drivers would be penalized in case they cancel a ride without valid reason. The cap on the maximum commission that aggregators can charge would bring joy to the drivers as they would be able to retain a higher percentage of the fare.

“The guidelines and requirements would indeed put a cost pressure on the cab aggregators in the short to medium-term. However, the guidelines give them flexibility to ensure high utilization of the fleet, which is the most important factor for the success of aggregator business model. Aggregators may be tempted to increase fares but there is limited room for an increase as the market is extremely price sensitive.

“Data security would improve as the data would have to be stored in India and must be made available to the state governments as per due process of the law. Overall transparency would also increase as aggregators would have to share several details, including details regarding app algorithms, payments/incentives to drivers and penalties.

“The guidelines also allow non-transport vehicles to align with aggregators. It is a welcome move as it would help in increasing the number of vehicles and present additional income opportunities to private vehicle owners.

The guidelines exempt electric vehicles from the fare regulations. It is a positive move as it would encourage aggregators to increase the share of electric vehicles in their network. Aggregators would be able to generate higher income on electric vehicles and can consider subsidising the cost of the vehicles. They will not only help in increasing the uptake of electric vehicles but boost shared mobility in the long-term. The move is also aligned with India’s electrification targets.

Credits: Animesh Kumar, Director of Automotive and Travel & Tourism Consulting at GlobalData

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Chinese auto OEMs defy downward sales trend in Australia with right positioned products https://tiresandparts.net/interaction/chinese-auto-oems-defy-downward-sales-trend-in-australia-with-right-positioned-products/ https://tiresandparts.net/interaction/chinese-auto-oems-defy-downward-sales-trend-in-australia-with-right-positioned-products/#respond Tue, 10 Nov 2020 04:16:24 +0000 https://tiresandparts.net/?p=32847 Australia has been witnessing dwindled automotive sales since 2019 and the onset of COVID-19 further made things worse with highest year-on-year (y-o-y) decline of 48.5% witnessed in April 2020. However, four of the most prominent Chinese brands managed to report increase in sales even in these challenging times. “Reportedly, year-to-date (YTD) sales of Chinese origin […]

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Australia has been witnessing dwindled automotive sales since 2019 and the onset of COVID-19 further made things worse with highest year-on-year (y-o-y) decline of 48.5% witnessed in April 2020. However, four of the most prominent Chinese brands managed to report increase in sales even in these challenging times.

“Reportedly, year-to-date (YTD) sales of Chinese origin vehicles in Australia increased by 51.8% in October even though the overall vehicle sales YTD declined by 18.8% (Federal Chamber of Automotive Industries) compared to the prior year period. Presently, prominent Chinese vehicle manufacturers operating in Australia include MG Motors, Haval, Great Wall Motors and LDV, of which MG Motors accounts for the majority of the sales. Despite the existing political tension between the Australia and China and COVID-19-supressed market, all the four brands managed to gain market share with y-o-y increase in YTD 2020 sales of 67.8%, 84.1%, 26.1% and 22%, respectively.

“SUV segment holds majority share in Australia’s new vehicle sales. Affordability and the capability to offer better value preposition as compared to other Japanese/German brands are keeping the Chinese OEMs in good stead. In addition, Chinese vehicles are successfully transforming their hampered brand image by offering new products with enhanced design, safety and quality. Attractive offers and unlimited kilometers warranty are also luring customers to opt Chinese brands.

“Despite the fact that Chinese OEMs hold a small chunk of the market, the growth that these OEMs has made is something to cast an eye on. While on the flipside, volume-leaders Japanese OEMs such as Toyota are increasing their vehicle prices, which may certainly act in the favor of Chinese OEMs. Recovering economic activities, government initiatives to boost sales and more accessible finance options further offer opportunities to Chinese OEMs to increase their presence in the market.

Credits: Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData

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Vehicle sales in India inching close to pre-COVID-19 levels with new model launches and festive season https://tiresandparts.net/interaction/vehicle-sales-in-india-inching-close-to-pre-covid-19-levels-with-new-model-launches-and-festive-season/ https://tiresandparts.net/interaction/vehicle-sales-in-india-inching-close-to-pre-covid-19-levels-with-new-model-launches-and-festive-season/#respond Wed, 04 Nov 2020 15:07:41 +0000 https://tiresandparts.net/?p=32770 October emerged as the third continuous month to witness year-on-year increase in domestic sales volumes, indicating that the market is moving close to the pre-COVID-19 levels. Major automakers including Maruti Suzuki, Hyundai, Toyota, Hero MotoCorp and Bajaj have reported healthy growth in month-on-month volumes due to festive season and several other factors. “In terms of […]

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October emerged as the third continuous month to witness year-on-year increase in domestic sales volumes, indicating that the market is moving close to the pre-COVID-19 levels. Major automakers including Maruti Suzuki, Hyundai, Toyota, Hero MotoCorp and Bajaj have reported healthy growth in month-on-month volumes due to festive season and several other factors.

“In terms of volumes, Maruti Suzuki reported a year-on-year 17.9% jump in domestic sales, whereas Tata Motors volume went up by 27% in October 2020. The growth in volumes for passenger vehicle OEMs is primarily due to small cars and entry-level SUVs. However, most of the segments witnessed growth in volumes. Two-wheelers giant Hero MotoCorp and Bajaj also maintained a positive trend in sales. According to reports, the overall domestic vehicle sales were up by 19.8% year-on-year.

“The market is limping back to normal with improving COVID-19 situation and winding-up of nationwide restrictions. The market still has significant pent-up demand and with the start of festive season OEMs are announcing attractive offers to boost sales. In addition, the launch of new models including some significant ones such as the Kia Sonet and the Mahindra Thar proved to be major drivers for sales volumes. The two-wheeler market also remained positive as there has been increased demand for affordable personal mobility resulting in increased ridership across the nation.

“With the recent and upcoming new vehicle launches, attractive finance interest rates and offers in the ongoing festive season, vehicle sales in the remainder of the year are anticipated to maintain a positive trend. However, on a cumulative level the 2020 full-year sales will still lag behind 2019.

Credits: Sadik Agwan, Senior Consulting Analyst at GlobalData

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TBR Tire Market to Cross US$ 98 Bn by 2030 https://tiresandparts.net/interaction/tbr-tire-market-to-cross-us-98-bn-by-2030/ https://tiresandparts.net/interaction/tbr-tire-market-to-cross-us-98-bn-by-2030/#respond Tue, 03 Nov 2020 05:30:35 +0000 https://tiresandparts.net/?p=32732 The global truck and bus radial (TBR) tire market is expected to surpass a high revenue threshold, primarily on the back of a burgeoning transportation and logistics industry, according to Fact.MR’s recently published report. As manufacturing industries expand, demand for transporting raw materials and finished goods to end-users is increasing. Consequently, the production of heavy-duty trucks is […]

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The global truck and bus radial (TBR) tire market is expected to surpass a high revenue threshold, primarily on the back of a burgeoning transportation and logistics industry, according to Fact.MR’s recently published report.

As manufacturing industries expand, demand for transporting raw materials and finished goods to end-users is increasing. Consequently, the production of heavy-duty trucks is picking up pace, thereby accelerating demand for radial tires. In addition, burgeoning e-Commerce has proliferated the need for last-mile deliveries across prominent geographies, prompting industries to develop effective transportation links, thus necessitating higher fleet maintenance.

Despite a substantial deceleration ushered in by the COVID-19 pandemic, growth prospects for the market appear largely positive, with projections set to resume normal trajectory post-2020, reaching a valuation of US$ 98 Bn by the end of the forecast period (2020 to 2030).

Key Takeaways from Truck and Bus Radial Tire Market Report

  • Trucks to capture substantial share by application in the TBR tire market space, attributed to increased production of medium and heavy-duty trucks to transport goods.
  • By the sales channel, the aftermarket segment is poised to be the most lucrative. Increasing awareness of constant fleet maintenance is driving growth.
  • Asia Pacific to emerge as a key revenue generator in the global TBR tire market, attributed to the presence of multiple tire manufacturers.
  • High dependence on public transport by passengers to heighten bus-grade radial tire sales.

“High proportion of rubber production is encouraging prominent radial tire manufacturers to foray into emerging economies in the Asia Pacific region, thereby providing traction to the truck and bus radial tire market,” says a Fact.MR analyst.

Truck and Bus Radial Tire Market Structure

The global truck and bus radial tire market comprises the following vendors:

Bridgestone Corporation, Aeolus Tyre, Hankook, MICHELIN, Cheng Shin Rubber, Toyo Tires, KUMHO Tire, Giti Tire, The Goodyear Tire and Rubber Company, Yokohama Rubber Company, ZC Rubber, Continental AG, Sumitomo Rubber Industries Ltd, Xingyuan Group, Triangle Tire Group, Sailun Group, Prometeon Tyre Group

A combination of strategies ranging from strategic collaborations, joint ventures, acquisitions, and product launches pepper the global competitive landscape. Moreover, these companies are seeking firm footing across emerging economies in the Asia Pacific region, owing to reduced production costs and availability of rubber.

  • Players such as Bridgestone Corporation are also integrating smart solutions to provide enhanced aftersales services to potential clients. The company partnered with Microsoft in June 2020 to develop an intelligent tire monitoring system with the objective of reducing accidents caused by technical failure.
  • In July 2020, MICHELIN collaborated with MotoE to carry forward its sustainable mobility and respect for environmental objectives. Under this partnership, MICHELIN has agreed to launch a new range of sustainable tires for motorsports.
  • In February 2020, Goodyear Tire and Rubber Company launched its EfficientGrip Performance 2 tire series, which provides 50% higher mileage as compared to its earlier version. This series offers high tread elasticity and flexibility, optimized compound stiffness, and large central tread ribs.

Find More Valuable Insights on Truck and Bus Radial Tire Market

In its recent report, Fact.MR provides a comprehensive, unbiased analysis of the global truck and bus radial tire market, incorporating historical demand analysis (2015-2019) and forecast data for the period 2020-2030. The study provides essential insights into the market on the basis of application (trucks and buses) and sales channel (OEMs and aftermarket), across five key regions (North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa).

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Shared mobility segment to stage strong comeback post COVID-19 in India https://tiresandparts.net/interaction/shared-mobility-segment-to-stage-strong-comeback-post-covid-19-in-india/ https://tiresandparts.net/interaction/shared-mobility-segment-to-stage-strong-comeback-post-covid-19-in-india/#respond Mon, 26 Oct 2020 13:00:43 +0000 https://tiresandparts.net/?p=32613 Through the expansion of services and network, Uber is eyeing long-term gains. Currently, shared mobility segment is witnessing strong headwinds due to the impact of COVID-19 pandemic. Customers in the target segment are opting for personal mobility due to concerns regarding safety and hygiene. Office commute and airport travel have also declined significantly. “The outlook […]

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Through the expansion of services and network, Uber is eyeing long-term gains. Currently, shared mobility segment is witnessing strong headwinds due to the impact of COVID-19 pandemic. Customers in the target segment are opting for personal mobility due to concerns regarding safety and hygiene. Office commute and airport travel have also declined significantly.

“The outlook of shared mobility segment is certainly not promising in the short-term. However, that must not discourage market participants to prepare for the future. Once the world overcomes the COVID-19 pandemic, shared mobility would certainly bounce back. Cost, low-utilization of personal vehicles during weekdays, traffic congestions and parking issues would again attract customers towards shared mobility solutions like ride-hailing, ridesharing as well as car and bike sharing. In the long-term, cars would cease to be a product and would become a service instead. People would rely on a seamless mobility ecosystem that would include robust public transportation and shared mobility solutions. Personal vehicles may be used for the first and last mile connectivity. It would also impact product segmentation as the ‘office car’ segment would decline, and people would opt for other types of vehicles for weekend travel and holidays.

“As the shared mobility segment would indeed bounce back strongly, players must use this downtime as a ‘strategic timeout’ and plan for the future. Expanding the service portfolio and geographical footprint would help the players bounce back strongly. Shared mobility market participants should derive learnings from the two Southeast Asian giants Grab and Gojek, which have created a wide portfolio of services that ensures high utilization of vehicles and drivers/riders.

Credits: Animesh Kumar, Director of Automotive and Travel & Tourism Consulting at GlobalData

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EESL investment in SWAG EV paves way for electric 2W with swappable batteries in India https://tiresandparts.net/interaction/eesl-investment-in-swag-ev-paves-way-for-electric-2w-with-swappable-batteries-in-india/ https://tiresandparts.net/interaction/eesl-investment-in-swag-ev-paves-way-for-electric-2w-with-swappable-batteries-in-india/#respond Mon, 26 Oct 2020 11:41:19 +0000 https://tiresandparts.net/?p=32610 EESL’s investment in SWAG EV is expected to pave way for electric two-wheelers with swappable batteries in India and is a major positive development for the Indian e-mobility market. The cost of ownership, along with the availability of adequate charging infrastructure, is a key factor for the large-scale uptake of electric vehicles. EESL’s pilot project […]

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EESL’s investment in SWAG EV is expected to pave way for electric two-wheelers with swappable batteries in India and is a major positive development for the Indian e-mobility market. The cost of ownership, along with the availability of adequate charging infrastructure, is a key factor for the large-scale uptake of electric vehicles. EESL’s pilot project with SWAG to implement battery-swapping concept is expected to make electric two-wheelers a more feasible product in India.

“India, with an appetite of 20 million two-wheelers annually, holds massive potential for electric two-wheelers. However, the upfront cost and lack of charging infrastructure have always limited the acceptance. With shared batteries, customers can make 30-40% savings on upfront costs. Additionally, battery-swapping will offer increased power grid flexibility, as batteries can be charged at dedicated stations using renewable resources such as solar, which also tends to bring down the charging costs.

“Besides offering demand incentives, India has recently announced plans to increase the number of charging stations and some major policy changes as part of its ambitious EV target. The recent change in electric vehicle registration policy by the Ministry of Road Transport and Highways, which allows the sale and registration of electric two and three-wheelers without batteries, paves the way for the implementation of battery-swapping business models in India and hence will support EESL to develop a successful battery-swapping ecosystem that offers affordable electric mobility.

Credits: Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData

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