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NEWS EXTRA ELGI LAUNCHES ACCESSIBLE LEASING FACILITY TO PROMOTE 2-SERIES LINE Elgi Rubber Company, India’s leading tyre retreading equipment manufac- turer, has introduced a leasing facility for retread companies, allowing them to replace or purchase new 2-series retreading machinery to strengthen its presence in the domestic market and promote its value line range. The 2-series machines, introduced in mid-2022, are manual-operated mo- dels designed to meet high productivity, uniformity, and reliability demands at an affordable price. The primary target market for the 2-series line is small and medium-sized retreaders across the country. Satish Kumar, Vice President of sales and distribution at Elgi Rubber Com- pany, commented, “We launched a flexi- ble leasing scheme in August this year, ranging from 1 to 10 years, to promote our value line 2-series among new star- tups and retreaders looking to upgrade their operations by replacing old lines.” The 2-series line is potentially cost-effective in terms of investment and maintenance, requiring only about 1,500 sq. ft. of space for installation and designed to boost productivity. It’s offe- red in a modular concept for easy up- grades and is suitable for capacities ran- ging from 150 to 750 tyres per month. Promoted with the tagline ‘Lease with Ease’, Elgi’s leasing facility is claimed to offer cost-effective financing options for startups, such as collateral-free lea- sing, no processing fees, a lease period of up to 10 years, and single-day appli- cation processing. Solutions for the Rubber Industry Retread & Repair Systems Expandable Rims & Hubs Retread Process Equipment Rasp Blades & Hubs Brazed Carbide Tools Gums, Adhesives & Sealants Tire & Tube Repair Products Elgi Rubber Company Limited S.F No. 164/2, SIDCO Industrial Estate ● Pollachi Road ● Kurichi ● Coimbatore 641 021 ● Tamil Nadu ● India ● +91 (422) 232 1000 info@in.elgirubber.com ● www.elgirubber.com