Tyres

Abstract Product management is an organizational lifecycle function within a company dealing with the planning or forecasting or tradeing of a product or products at some(prenominal) stages of the product lifecycle. The domestic railway car industry has seen exceptional return in recent times led by gate of various new models, entry of foreign manufacturers and revival in the economy. India has become global hub for auto manufacturing providing the auto ancillary companies a boost. With growth of automobile industry in India, the demand of tyres has apace increased. Indian tyres sector has seen many new entries of companies in some social classs; companies came up with contrasting specialized product ilk tubeless tyres. With increase in competition all tyres companies has started reworking on their product management strategies to compete with other companies, so that their products provoke stay in market and can grow educate their market share. With vehicle sales in top gear, the auto ancillary companies would continue to see strong demand both from new sales and replacement market of tyres. All major players like JK Tyres, MRF, Appollo etc, is set to benefit from the rising demand. In sideslip to maintain their product, tyre companies comport to control the raw solid used for producing the tyres.

Tyre Industry is highly raw- secular intensive. Raw material follows account for around 72% of the production cost with natural rubber itself constituting 43% of the expenses. Natural rubber prices have nearly doubled in the last one year to Rs 169/kg whereas the hike in product prices has been around 12%. This would impact the margins of the company this fiscal. To maintain their product in market all major player has tie up with different automobile manufacture (two wheeler, three wheeler, four wheelers and trucks).For example,JK Tyre is in manufacturing and distribution of tyres, tubes and flaps for the automobile and transportation industry in India and abroad. The company currently produces... If you want to get a right essay, order it on our website: Ordercustompaper.com

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