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Retreading tires is the process of restoring old tires so that they can be used in automobiles. The process is technology-driven where the worn-out and damaged threads are replaced with new treads. Tyre retreading can be done using 2 methods – cold process and hot process. Currently in India retreading is done 50% by the organized sector and the remaining 50% by the unorganized sector.
Earlier majority of retreading used to happen in the unorganized sector. However, after the introduction of GST by the Indian government, the industry has seen a rising number of players entering the organized sector. Since retreaded types are cheaper compared to new radial tires, there is typically a good demand that exists in the market for this type of tires. With more brands entering the industry, levels of quality standardization will be ensured hence there are good chances of the tyre retreading industry catching up soon.
The retreading industry has a bright future. Reasons:-
As a mark that the retreaded products follow international standards and the manufacturing follows audited processes it is a good idea to get the ISO certification too. ISO is associated with quality and placing this mark on the product will only help gain the confidence of customers and create good brand value for the company.
Also, Read: How to set up Rubber Floor Mat Making Unit.
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