Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
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.
Table of Contents
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.
With the rising inflation rates and various other economic factors, wealthy Americans are incre...
Before approaching the new suppliers or any other third parties, you should always go for the v...
With the increasing landscape of Fintech Companies, it is increasingly vital that fintech compl...
This blog gives a detailed description through an audit report for industrial waste by examinin...
On 1st March 2024, the IRDAI came up with a notification via F. No. IRDAI/Reg/5/199/2024 for Bi...
Are you human?: 7 + 8 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
Singapore is a popular and thriving business hub in Southeast Asia with a strong economy; corporate-friendly scheme...
06 May, 2023
Investors must consider the prospectus when considering whether to invest in a company. Its dependability and accur...
28 Jul, 2023
Chat on Whatsapp
Hey I'm Suman. Let's Talk!