India registers a fall in Tyre Exports.
According to Automotive Tyre Manufacturers’ Association (ATMA) India has registered a significant fall during the April-September 2015 period for exports of tyres. Exports of passenger car tyres produced in India witnessed a decline of 22 % year-on-year to 1.08 million units, while medium and heavy commercial vehicle tyre exports fell by 9% to 968,000 pieces.
The fall in tyre exports was matched by a drop in production in different categories of tyre. The Production of LCV tyres fell by 14% to 4.79 million units in April-September 2015 whereas, the medium/heavy commercial vehicle tyre production decreased by 2% to 8.39 million units.
The tractor tyre production also, continued to decline following an 11 % drop in 2014-15, with production of front tractor tyres falling by 9% to 1.41 million units in April-September 2015, and rear tyre production declining 11 % to 1.08 million units. Passenger car tyres was the only segment to show some growth with an increase of 7% to 19.0 million units.
ATMA chairman Dr Raghupati Singhania attributes the drop in exports and production to the fact that a significant part of demand especially for TBR being met by cheaper imports from China.