Elgi Rubber Company, India’s leading tyre retreading equipment manufacturer, 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.
Elgi looks to help small businesses through accessible financing.
The 2-series machines, introduced in mid-2022, are manual-operated models 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, commented, “We launched a flexible leasing scheme in August this year, ranging from 1 to 10 years, to promote our value line 2-series among new startups 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 offered in a modular concept for easy upgrades and is suitable for capacities ranging 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 leasing, no processing fees, a lease period of up to 10 years, and single-day application processing.
