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Tuesday, April 9, 2013

Rubber is transforming future of Indian Automotive Industry

The rubber industry is a vital indicator as it contributes to the economic growth impacting the gross domestic product (GDP). India ranks as the largest producer as well as a consumer of natural rubber.The Automobile industry in India is critically impacted bynatural rubber as well as synthetic rubber as both varieties are consumed on a large scale.

Automobile industry in India has tremendous opportunities and rubber is contributing to its success with its multiple application friendliness and innovative approach. As rubber is produced, manufactured and processed into various finished goods in India the demand for natural rubber as compared to synthetic rubber is booming.

The leading rubber Tyre manufacturers in India are namely MRF, Apollo, JK, Ceat and Birla. With the rising affluence of rubber and the booming automobile trends have tremendously impacted the growth pattern of rubber as it is used widely in manufacturing treys, hose pipes, wiring harness and suspension systems.

The Indian automotive is announced as the rising sector in the global market as India is acclaiming recognition in the global car market as well as a motor cycle manufacturer. India also is looked upon as the largest exporter of compact cars to Europe with innovative products, technologies and supply chains.The automobile industry in India is also developing almost 15 % per annumover the last two years.

Rubber is gaining prominence as a multipurpose raw material, transforming the future of automobile industry and attaining recognition on global fronts.Rubber in India is widely popular and used across the automobile industry for manufacturing tyre and the non-tyre sector with a constant struggle to deliver performance and quality standards.

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