This story is from June 02, 2022
Tyre industry to need big tech investments to get electric-ready
Chennai: Tyre companies will need to invest “millions of dollars” in tech spend as India’s auto industry shifts towards electric vehicles which have zero noise and vibration, much higher torque and are much heavier than petrol or diesel vehicles. Tyre companies are upping their R&D spend as they get ready to not only tweak existing tyres for EV but also make ground up new products for the born electric lineups being developed right now.
R&D spend has been ramped up already but more will come as the EV shift happens by 2030. “EVs are heavier so the weight-carrying capacity of the tyre has to be better. EVs have faster pick up so tyre wear and tear are higher. EVs are also silent, so the tyre noise will need to be brought down substantially. Rolling resistance will need improvement as tyres will impact battery consumption. All of this will mean new technology and even use of new materials and will require a fair amount of initial investments,” said Anant Goenka, MD, CEAT.
CEAT, he added, is looking at recycled rubber to make the product greener as well as using silica instead of carbon black. The company is investing in testing grounds, quake chambers and other technology to be ready for the transition.
Tyre industry has been spending big amounts on R&D in the last 5 years as the Indian auto industry upgrades to hit global standards. “The industry has seen a 3x increase in R&D investments in the last 5 years due to increased exports, regulatory norms at home, better roads and more stringent requirements by vehicle makers,” said Satish Sharma, president, Apollo Tyres. EVs, he said, will need significant spend but the process will be staggered. “There are vehicle companies using ICE platforms and turning them electric, but also working on born-for-electric products,” said Sharma. Likewise, tyre companies too will “tweak existing products but also invest in bottom up new generation range completely customised to electric vehicles”. Apollo, he added, is already working on this.
Tyre experts say the biggest spends will be on new materials that will reduce noise, rolling resistance and wear and tear. “Already technology development is being carried out in areas of material and compound development for torque, compound mechanical properties, construction aspects for low rolling resistance and stability, new design concepts for lower wear due to torque and noise reduction. Overall, it’s a major change needing vast investment and completely new tooling in each vehicle category and the investment by the industry will be millions of dollars,” said VK Misra, technical director, JK Tyre.
CEAT, he added, is looking at recycled rubber to make the product greener as well as using silica instead of carbon black. The company is investing in testing grounds, quake chambers and other technology to be ready for the transition.
Tyre industry has been spending big amounts on R&D in the last 5 years as the Indian auto industry upgrades to hit global standards. “The industry has seen a 3x increase in R&D investments in the last 5 years due to increased exports, regulatory norms at home, better roads and more stringent requirements by vehicle makers,” said Satish Sharma, president, Apollo Tyres. EVs, he said, will need significant spend but the process will be staggered. “There are vehicle companies using ICE platforms and turning them electric, but also working on born-for-electric products,” said Sharma. Likewise, tyre companies too will “tweak existing products but also invest in bottom up new generation range completely customised to electric vehicles”. Apollo, he added, is already working on this.
Tyre experts say the biggest spends will be on new materials that will reduce noise, rolling resistance and wear and tear. “Already technology development is being carried out in areas of material and compound development for torque, compound mechanical properties, construction aspects for low rolling resistance and stability, new design concepts for lower wear due to torque and noise reduction. Overall, it’s a major change needing vast investment and completely new tooling in each vehicle category and the investment by the industry will be millions of dollars,” said VK Misra, technical director, JK Tyre.
Top Comment
Sameer Divekar
844 days ago
Do your R&D get those low resistance tyres in the market. Get your team ready and get to work Read allPost comment
Popular from Business
- Elon Musk takes witty dig at Jaguar's new logo, asks 'Do you sell cars?' - here's how Jaguar responded
- Kenya scraps airport, power deals with Adani Group
- ‘Work-life balance is controversial but...’: What Wipro’s Rishad Premji has to say days after Narayana Murthy reiterates 70-hour work week
- Adani Group stocks plunge up to 20% after Gautam Adani’s indictment in US on bribery and fraud charges; Rs 2.25 lakh crore m-cap wiped out!
- Adani Group denies allegations in first reaction to Gautam Adani US indictment; calls charges ‘baseless’
end of article
Trending Stories
- Will banks open only for 5 days a week? Here’s what you should know about IBA’s proposal
- India set to be third largest economy, says S&P Global
- Dalal Street bull run continues! BSE Sensex crosses 69,000 for the first time; Nifty above 20,800
- Byju’s reduces notice period for employees as troubles mount
03:08 Sensex surges over 900 points, Nifty above 20,550 as BJP state election wins bolster Modi's Lok Sabha 2024 prospects- UltraTech to buy building materials business of Kesoram in 7,600 crore deal
- Tata Technologies stock debuts at a bumper 140% premium; share price at Rs 1200 on BSE
Visual Stories
- NEET UG 2024 result awaited: Top 10 NIRF-ranked medical colleges of India
- 7 New Expected Bullet Train Routes in India
- 10 Upcoming High-Speed Expressways That Will Change Highway Travel In India
- 8 Transformational Indian Railways Projects You Shouldn’t Miss
- Why Sensex, Nifty50 Hit New Highs, M-Cap At $5 Trillion: Top Reasons
TOP TRENDS
UP NEXT