The Automotive Tyre Manufacturers’ Association (ATMA) on Tuesday said there is a need to restrict import of waste tyres into India, saying the country is becoming a ‘dumping ground’ for scrap tyres. The import of waste/scrap tyres into India has increased by more than five times since FY20-21, ATMA said in its pre-budget submission to … Read more
The total tyre exports from India during 2023-24 stood at Rs 23,073 crore, matching previous year’s figure on the back of a sharp recovery in the second half of the fiscal, the Automotive Tyre Manufacturers’ Association (ATMA) said on Tuesday. In the first half of the year, tyre exports were severely impacted by falling demand … Read more
Domestic tyre sale volumes are expected to see a moderate growth of 4-6 per cent this fiscal after witnessing an estimated pace of 6-8 per cent in the previous financial year, ratings agency Icra said on Thursday. This growth in the last fiscal was driven by factors such as elevated base and subdued growth in … Read more
JK Tyre expects demand momentum to continue for the tyre industry in the medium to long term, with the automobile industry set to grow amid a positive economic environment, according to a top company official. In an interaction with PTI, JK Tyre & Industries MD Anshuman Singhania expressed hope that the tyre maker would also … Read more
Mumbai: Strong growth in the construction equipment and mining segments will be “a shot in the arm” for the tyre industry, in addition to continuing firm demand in the passenger vehicle market, JK Tyre & Industries chairman and managing director Raghupati Raj Singhania said. All the three segments — construction and mining where the vehicles … Read more
