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ATMA registers concerns over fall in tyre production in India

atma
Posted: January 12, 2016 at 1:30 pm   /   by   /   comments (0)

The Automotive Tyre Manufacturers Association in India ATMA has expressed grave concerns over the fall in the production of tyres in India especially at a time when the world automobile industry is finding itself on the verge of coming out of the recession.
The statistics presented by ATMA reveal that both exports & production in the domestic tyre industry have been witnessing a shrinkage in the current financial year & the production of medium & heavy commercial vehicle tyres is down by 2%. This is a segment that adds around 60% of the top-line of tyre industry in India.
Also, a huge drop of close to 11% has also been seen in the light & small commercial vehicle segments in India. Another area affecting the tyre production is the agricultural tyre segment which has witnessed production drops in last two year continuously.

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