TYRE STOCKS IN FIRM GIRP

TYRE STOCKS IN FIRM GIRP

  

The major bulk of the tyre industry turn over comes from the Truck and Bus tyre segment which accounts for more than 60%. The tyre industry is considered to be a raw material intensive industry. It depends heavily on the Natural Rubber, Carbon Black and NTCF. Reports suggest that tyre industry consumes around 58% of total natural rubber produced in India. ATMA is the governing body. The demand for the tyre industry comes from OEM, replacement & export market. A severe fall in automobile sales in the international market, coupled with stringent norms imposed by the most of the countries has impacted tyre exports from India. The substantial fall of rupee against major currencies also impacted the local tyre manufacturers. The OEM plays major role for passenger car tyres, Tractor Rear tyres, Scooter including moped and motorcycle tyres. The export market mainly constitutes Truck & bus tyres and LCV's. The Director General, on April 6, 09 has terminated the safeguard investigation initiated on imports of Nylon Tyre Cord Fabric into India from People's Republic of China. Thus the importers need not pay any safeguard duty to the Government towards import of NTCF from china. This decision has added advantage for the domestic tyre makers to import at lower prices, and the producers of NTCF to work for a competitive pricing.

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