Indias monthly truck bus radial tyre imports record a new high averaging 1.2 lakh
The Dollar Business Bureau Due to an increase in dumping from China, India’s monthly imports of truck and bus radial tyres (TBR) recorded new highs averaging 1.2 lakh units in 2016-17. This has prompted the Automotive Tyre Manufacturers Association (ATMA) to reiterate its demands to DGAD seeking an early imposition of anti-dumping duty on the imports of TBR from China. Seeking an early redressal to help the domestic industry ATMA revealed the alarming figures that have been spiralling in the last few years. In its statement to the government, it said that the monthly numbers have now touched an average of 1.2 lakhs units in FY17 from a mere 40,000 in FY14. Imported tyres account for 40% of the replacement demand for ...
Tyre manufacturers offer to buy natural rubber from Indian farmers
The Dollar Business Bureau Average production cost of natural rubber in India stood at around Rs.170 per kg in 2011-12, much higher than prevailing market prices Around 17 tyre companies in India have agreed to buy raw rubber from within India at international prices plus the prevalent import duty to help farmers offload their stock and continue tapping. Rubber prices in India have been on a decline due to influx of imported rubber, which has grown from around 217,364 tonnes in 2012-13 to around 325,190 tonnes in 2013-14, an increase of almost 50%. Meanwhile, rubber production in India has is on a decline, dropping around 8% from about 913,700 tonnes to around 844000 tonnes in FY2013-14, primarily due to higher ...
