tyre manufacturing

Tyre stocks: Global tyre makers accelerate make-in-India plans, buoyed by govt’s PLI scheme

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Tyre stocks: Global tyre makers accelerate make-in-India plans, buoyed by govt’s PLI scheme

Global tyre manufacturers including the likes of Michelin, Bridgestone, and Goodyear are gearing up to invest in India’s manufacturing sector, with potential entrants Yokohama and Birla Tyre also eyeing opportunities under a government scheme that links imports to local investment, TOI reported on Wednesday. These investments, expected to total around Rs 3,000 crore, mark a … Read more

India has sufficient domestic tyre capacity; imports must not be liberalised through free trade pacts: ATMA

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India has sufficient domestic tyre capacity; imports must not be liberalised through free trade pacts: ATMA

India has sufficient tyre manufacturing capacity and imports should not be liberalised through FTAs by way of duty concessions, industry body Automotive Tyre Manufacturers’ Association said on Monday. The automotive tyres rank at the forefront of those sectors where domestic manufacturing capabilities can render imports unnecessary, Automotive Tyre Manufacturers’ Association (ATMA) has communicated to the … Read more