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 ...
India's rubber imports to increase: expert
PTI Indian tyre manufacturers are actively seeking the supply of natural rubber from South-East Asian producers due to a slowdown in domestic production and increase in demand, industry officials said on Monday.India’s rubber industry is also expected to do hedging and risk management on Singapore Commodity Exchange (SICOM), prices set by which are used as a benchmark for rubber export from South East Asia.“More Indian tyre manufacturers and rubber consumers have been reaching out to South-East Asian rubber producers to secure supply,” said Tan Tee Yong, Director for Rubber Commodities at Singapore Exchange (SGX), the parent group of SICOM.He noted that Indian rubber-linked companies have set up offices in the midst of Singapore's global rubber trading hub, led by major producers.“The supply gap ...
'Government must regulate import of natural rubber to protect domestic industry
The Dollar Business Bureau The government should regulate the import of natural rubber during peak season through designated ports and must ensure quality check to protect the domestic industry, a parliamentary panel has said. “Imports should be need based and the quantum of imports may be determined on the basis of the gap between the domestic production and consumption,” said the parliamentary standing committee in its report presented in the parliament on Thursday. Expressing concern over steep fall in the price of natural rubber, the panel asked for an immediate intervention from the government. “Unless the necessary measures are taken, there is a possibility of growers shifting to other crops,” it said. The panel also took note of the challenges faced ...
Cheap quality Chinese tyres burning a hole in the Indian tyre industry
The Dollar Business Bureau The cheap Chinese imports of tyres have resulted in burning rubber in the Indian tyre industry. The large inundation of imported tyre during the last 12 months have caused the Indian companies a lot of heat burn in the truck, bus and car radical replacement market. Sources in the tyre industry revealed that, already imported tyres consists a lurching 20% of the car and 25% of the truck radial replacement market which makes the import segment market leaders benefit a lot instead of biggies like JK Tyre, Apollo, MRF or Ceat. However the tyre dealers says that the imports of these tyres would meet the local quality standards, and are duly certified by the BIS and are way ...
