The company plans to raise prices on all of its products, for the third time in 2021, starting in July. Tire maker Ceat Ltd reported a consolidated profit of Rs 230 million for the April-June quarter, but could not fully cover costs as high input prices depressed margins. Consumers. In the same period last year, when its operations were blocked, the company lost Rs 350 million. Consolidated revenues for the quarter were 70% higher at Rs 19.06.6 crore year-on-year, but at a lower level. Earnings before income amortization depreciation amortization. (EBITDA) grew 62% YoY to Rs 1.65% crore. However, the EBITDA margin declined by 45 bps to 8.7%. Ceat Managing Director Anant Goenka The company expects margins to remain under pressure for the July-September quarter. It will gradually recover in the subsequent quarters. However, he expects sales to grow significantly in the second half of this fiscal year. “Last quarter was a tough quarter for us. Revenues were up 70% year-on-year due t...

MCVP Microsoftfofofofoft Prakriya, General Manager, Azure Mobility Tara The Microsoft organization is working with mobile companies to support their transition to smart mobile services. Mumbai: Tire maker Bridgestone on Tuesday said it has partnered with Microsoft to develop a real-time tire damage detection system. Under the partnership, Bridgestone will use the Microsoft Connected Vehicle Platform (MCVP), which will reduce accidents caused by technical defects and also improve road safety. According to Bridgestone, tire damage accounts for about 30% of all accidents caused by technical defects. The company announced that the system uses the MCVP cloud framework and existing sensor data from the mounting hardware to provide real-time sensing of tire damage and uses the algorithm to detect events affecting the tire surface and bodywork. The system is now available to all MCVPP fleets and OEMs The partnership will enable Bridgestone to further develop solutions to meet the needs of glo...