India’s tyre production has taken a big beating during the current fiscal, according to the statistics culled by the Automotive Tyre Manufacturers Association (ATMA). Correspondingly, India’s tyre exports are also set to suffer.
ATMA chairman Raghupati Singhania confirmed that production growth is not merely slackening, but there is contraction of growth in production, across the key tyre categories.
“There’s tremendous surge in dumping of cheap tyres, especially from China. This is a major blow for Indian manufacturing sector,” says Dr Singhania. The worst hit is the tyre segment for the small vehicles. Light Commercial Vehicles (LCVs) and Small Commercial Vehicles (SCVs) have experienced a fall of 11% production.