Tyre imports for TBR have gone up by 30% – ATMA.
According to the Automotive Tyre Manufacturers Association (ATMA), tyre import of Truck & Bus Radial Tyres in India has gone up by 30% in the first half of FY 2016-17 as compared to the same period last year. The apex body representing Indian tyre makers blame the increasing influx of Chinese Import for this.
Import of TBRs has crossed the level of 1.4 lakh units per month in FY2016-17 from 40 thousand units per month in FY2013-14 an increase of about 400% in three years.
“There is no reprieve from indiscriminate import and dumping of radial tyres especially truck & bus radials (TBRs) from China. Such large scale imports are gravely hurting the domestic manufacturing of TBR”, stated K M Mammen, Chairman ATMA.
Most of the new investments of Rs 35,000 crore by tyre industry in India in the last 3-4 years has been directed towards setting up TBR capacities as TBR is seen as the growth driver for the industry. Unfortunately, dumping in TBRs is touching new highs even as domestic capacities are going on stream. With expansion in capacity, the capacity utilization levels have come down to 60-65% in TBR manufacturing from 80-85% a couple of years ago.