The agency said that besides water, coal is also another business of the company. JK Tire Industries Ltd. on Thursday announced plans to reduce raw water usage at all its plants in India by more than 65% by 2025 2013-14 compared to the annual base year of raw water usage at all its plants in India. Helping to reduce environmental footprint and business risks. By 2024-25. fiscal year, the company replaced 50% of its biomass Coal usage with biomass. Commenting on the initiative, Makkar, Director, Manufacturing, JK Tire Industries Anil, said, “We are constantly striving to improve operational water use efficiencies and minimize environmental impact by installing water meters at strategic points in our manufacturing units and strictly monitoring water consumption. “Utilizing groundwater.” He also said that the company has achieved zero use of raw process water at its Kankroli and Chenai plants. We use only raw water from these two plants for drinking,” he added. Af...

ET Online (This story was originally August 4, 2014) Mumbai: Tire makers have been in the limelight today as traders bought shares after car sales rose in July and companies reported better results amid falling rubber prices. The new government has increased the excise duty on small cars, scooters, motorcycles and commercial vehicles from 12% to 8% in order to boost sales of automakers for the third consecutive month. Automakers say strong sales in the past three months mark a recovery in the auto market after two years. Sales increased as consumer confidence returned as interest rates, inflation and currency levels stabilized. Tire companies’ production has been hit by a lack of demand from automakers. The recovery in the automotive industry bodes well for automotive support companies. Analysts tracking the automotive market expect improved results for the remainder of 2014 2014. Maruti Suzuki, Hyundai, Honda and Toyota reported 19.9% EPS. Domestic sales increased by 90,093 uni...