Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | With auto sector in slow lane, tyre makers begin to feel pinch -Yuthika Bhargava    </title>
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Industry is pinning hopes on steps by government on scrappage policy for vehicles and GST rate cut to spur tyre demand

While the replacement cycle till now has helped the tyre industry to mitigate the impact of the severe demand..."/>
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                            <div align="justify">-The Hindu<br /><br /><em>Industry is pinning hopes on steps by government on scrappage policy for vehicles and GST rate cut to spur tyre demand<br /></em><br />While the replacement cycle till now has helped the tyre industry to mitigate the impact of the severe demand slowdown in the automobile sector, the segment &mdash; which accounts for about 50% of the tyre market &mdash; has started to fill the pinch.<br /><br />While the sector is somewhat hopeful of an uptick in demand due to the festive season and expectations of pre-buying due to the shift to BS-VI norms, their hopes are largely pinned on measures such as scrappage policy and a reduction in GST rates to spur demand.<br /><br />&ldquo;The tyre sector being directly linked to the auto sector has been impacted by the slowdown as well. Although the replacement demand had somewhat cushioned the impact initially, particularly for commercial vehicles, in recent months it is also showing worrisome signs,&rdquo; Rajiv Budhiraja, director-general at Automotive Tyre Manufacturers Association (ATMA) told The Hindu.<br /><br />He added that if the current situation continues, tyre demand would soon be in the negative territory across all the key segments.<br /><br />In a recent report, rating agency ICRA forecast a revenue growth of 3-4% for the tyre industry due to subdued vehicle production, weak consumer sentiment amid slowing economic activity, rising cost of vehicle ownership and softened rural demand. This is in contrast to a growth of 12% in FY18 and 14% in FY2019.<br /><br />Please <a href="https://www.thehindu.com/business/Industry/with-auto-sector-in-slow-lane-tyre-makers-begin-to-feel-pinch/article29418718.ece?homepage=true" title="https://www.thehindu.com/business/Industry/with-auto-sector-in-slow-lane-tyre-makers-begin-to-feel-pinch/article29418718.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-The Hindu<br /><br /><em>Industry is pinning hopes on steps by government on scrappage policy for vehicles and GST rate cut to spur tyre demand<br /></em><br />While the replacement cycle till now has helped the tyre industry to mitigate the impact of the severe demand slowdown in the automobile sector, the segment &mdash; which accounts for about 50% of the tyre market &mdash; has started to fill the pinch.<br /><br />While the sector is somewhat hopeful of an uptick in demand due to the festive season and expectations of pre-buying due to the shift to BS-VI norms, their hopes are largely pinned on measures such as scrappage policy and a reduction in GST rates to spur demand.<br /><br />&ldquo;The tyre sector being directly linked to the auto sector has been impacted by the slowdown as well. Although the replacement demand had somewhat cushioned the impact initially, particularly for commercial vehicles, in recent months it is also showing worrisome signs,&rdquo; Rajiv Budhiraja, director-general at Automotive Tyre Manufacturers Association (ATMA) told The Hindu.<br /><br />He added that if the current situation continues, tyre demand would soon be in the negative territory across all the key segments.<br /><br />In a recent report, rating agency ICRA forecast a revenue growth of 3-4% for the tyre industry due to subdued vehicle production, weak consumer sentiment amid slowing economic activity, rising cost of vehicle ownership and softened rural demand. This is in contrast to a growth of 12% in FY18 and 14% in FY2019.<br /><br />Please <a href="https://www.thehindu.com/business/Industry/with-auto-sector-in-slow-lane-tyre-makers-begin-to-feel-pinch/article29418718.ece?homepage=true" title="https://www.thehindu.com/business/Industry/with-auto-sector-in-slow-lane-tyre-makers-begin-to-feel-pinch/article29418718.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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Industry is pinning hopes on steps by government on scrappage policy for vehicles and GST rate cut to spur tyre demand

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    <h1 class="cat-box-title">With auto sector in slow lane, tyre makers begin to feel pinch -Yuthika Bhargava</h1>
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                            <div align="justify">-The Hindu<br /><br /><em>Industry is pinning hopes on steps by government on scrappage policy for vehicles and GST rate cut to spur tyre demand<br /></em><br />While the replacement cycle till now has helped the tyre industry to mitigate the impact of the severe demand slowdown in the automobile sector, the segment &mdash; which accounts for about 50% of the tyre market &mdash; has started to fill the pinch.<br /><br />While the sector is somewhat hopeful of an uptick in demand due to the festive season and expectations of pre-buying due to the shift to BS-VI norms, their hopes are largely pinned on measures such as scrappage policy and a reduction in GST rates to spur demand.<br /><br />&ldquo;The tyre sector being directly linked to the auto sector has been impacted by the slowdown as well. Although the replacement demand had somewhat cushioned the impact initially, particularly for commercial vehicles, in recent months it is also showing worrisome signs,&rdquo; Rajiv Budhiraja, director-general at Automotive Tyre Manufacturers Association (ATMA) told The Hindu.<br /><br />He added that if the current situation continues, tyre demand would soon be in the negative territory across all the key segments.<br /><br />In a recent report, rating agency ICRA forecast a revenue growth of 3-4% for the tyre industry due to subdued vehicle production, weak consumer sentiment amid slowing economic activity, rising cost of vehicle ownership and softened rural demand. This is in contrast to a growth of 12% in FY18 and 14% in FY2019.<br /><br />Please <a href="https://www.thehindu.com/business/Industry/with-auto-sector-in-slow-lane-tyre-makers-begin-to-feel-pinch/article29418718.ece?homepage=true" title="https://www.thehindu.com/business/Industry/with-auto-sector-in-slow-lane-tyre-makers-begin-to-feel-pinch/article29418718.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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With auto sector in slow lane, tyre makers begin to feel pinch -Yuthika Bhargava

Published on Sep 15, 2019   Modified on Sep 15, 2019

-The Hindu Industry is pinning hopes on steps by government on scrappage policy for vehicles and GST rate cut to spur tyre demand While the replacement cycle till now has helped the tyre industry to mitigate the impact of the severe demand slowdown in the automobile sector, the segment — which accounts for about 50% of the tyre market — has started to fill the pinch. While the sector is somewhat hopeful of an uptick in demand due to the festive season and expectations of pre-buying due to the shift to BS-VI norms, their hopes are largely pinned on measures such as scrappage policy and a reduction in GST rates to spur demand. “The tyre sector being directly linked to the auto sector has been impacted by the slowdown as well. Although the replacement demand had somewhat cushioned the impact initially, particularly for commercial vehicles, in recent months it is also showing worrisome signs,” Rajiv Budhiraja, director-general at Automotive Tyre Manufacturers Association (ATMA) told The Hindu. He added that if the current situation continues, tyre demand would soon be in the negative territory across all the key segments. In a recent report, rating agency ICRA forecast a revenue growth of 3-4% for the tyre industry due to subdued vehicle production, weak consumer sentiment amid slowing economic activity, rising cost of vehicle ownership and softened rural demand. This is in contrast to a growth of 12% in FY18 and 14% in FY2019. Please click here to read more.

The Hindu, 14 September, 2019, https://www.thehindu.com/business/Industry/with-auto-sector-in-slow-lane-tyre-makers-begin-to-feel-pinch/article29418718.ece?homepage=true

Tagged with: Automobile industry Economic Slowdown Economic Downturn Tyre Production Tyre sector

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