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 ...
Investing Rs 3k cr to double truck, bus tyre capacity: Kanwar
PTI Apollo Tyres is investing about Rs 3,000 crore to double manufacturing capacity of its truck and bus radial tyres, according to its Chairman Onkar S Kanwar.He further said that domestic tyre manufacturers are facing "big challenges" from cheap imports from China, which has now accounted for up to 35 per cent of the market in India."The company is investing almost Rs 3,000 crore in doubling of capacity of truck and bus radial tyres," Kanwar told reporters here late evening yesterday, ahead of the Annual General Meeting of the company here.He said the expansion of the company's Chennai facility to increase the truck-bus radial facility from 6,000 tyres per day to 12,000 tyres per day is underway.Apollo Tyres is investing Rs ...
Tyre industry asks govt to check cheap Chinese imports
The Dollar Business Bureau Tyre dealers and manufacturers have also been at loggerheads over the imports of truck and bus tyres into India Facing a tough fight from cheap imported products, Indian tyre industry has urged the Commerce Ministry to put strict restrictions on tyres shipped into the country by Chinese suppliers at lower rates. Terming import of radial tyres from China as “indiscriminate”, an industry body said that the prices of imported products are 25% lower than locally-produced brands. The high-capacity radial tyres mainly used in heavy vehicles are the mainstay of the industry accounting for 55% in volume and value terms. Tyre dealers and manufacturers have also been at loggerheads over the imports of truck and bus tyres ...
