Indian automobile industry is certainly well known across the world for its day to day developments and growth. However, if you only thought that the Indian automobiles can make it big, you will probably have to think again because the Indian tubeless tyres are also doing as good as the vehicles.
Pirelli, the official tyre supplier for the Formula One World Championship, plans to source out India made tubeless tyres for its global needs as it faces huge capacity shortages at its manufacturing plants. This news will definitely add to the spirit of Indian tyre manufacturers and will urge them to develop their products for a better brand image.
Pirelli is a Milan based euro 4 to 8 billion Italian company is currently involved in talks with Kolkata based Birla tyres and some other tyre manufacturers from the country for addressing their global needs. News has it that the company is looking to buy tyres in small quantities from Indian manufacturers so that their global needs can be met. However, the company will only look to buy a deal if and only if they find the Indian manufacturers good enough with respect to quality. Though there is no official word from the company with regard to the investment in India but people close to the development say that the company is looking to buy Indian tyres so that their commitments in Europe and American region can be met.
Pirelli actually wants to source tyres from Indian manufacturers under its own brand name to fulfill their commitments in the international market. News has it that Pirelli will initially source tyres for its global distribution network across 160 countries. Both Pirelli and Birla tyres use the same technology and that is the reason Birla tyre turns out to be the top contender. With this news materializing, Pirelli will become the fifth multinational tyre company to enter India after Bridgestone, Michelin, Goodyear and Continental. All in all, if Pirelli buys on this deal then it will be a major turnaround for the tyre industry. We will have to wait and see as to what’s in store for us.
