Automotive Tyre Asso [ ATMA ] seeks policy level changes to “propel” tyre exports – The Economic Times–15-06-2017

  1. Automotive Tyre Manufacturers’ Association representing the Rs 50,000 crore automotive tyre industry has sought policy level changes for a “level playing field” and to “propel exports”, a top official said today.
  2. “We welcome competition. But, what we want is suitable policies that will give us a level playing field. On exports, let me make it simple. Give me a policy that will double my exports” ATMA Chairman, Satish Sharma told reporters here.
  3. Currently there has been increased “competition” from number of serious players in the industry who have also set up manufacturing facilities in India, he said.
  4. On the exports front, he said automotive tyre exports has “potential” to double it in “three year time”.
  5. “Right now, they (export contribution) is at 15 per cent of the total automobile industry. We think exports has the potential to double (30 per cent) in three year time”, Sharma who also heads, Apollo Tyres LtdBSE -0.43 % as President, Asia Pacific, Middle East and Africa, said.
  6. Asked on how much would be job creation if there is a boost to tyre exports, he said, “it (automobile tyre) is an industry which can give huge amount of jobs that includes supply chain.”
  7. Stating that the Association has appointed a third party agency to study the automotive tyre industry, Sharma said, the report was expected to be released in two months.
  8. He said in the last two years the domestic truck and bus radial industry was down but it grew for Chinese manufacturers who were importing in India.
  9. Last month, ATMA said India’s import of truck and bus raidal tyres touched a high of 1.20 lakh units a month.
  10. “Imported tyres have come to account for 40 per cent of replacement demand for TBR in India..”, it had said.
  11. To a query on imports of truck and bus radial tyres from China, Sharma said the ATMA had requested the Ministry of Commerce and Industry for quickening the process of imposition of “anti-dumping duty” on import of TBR tyre imports from China.

via ATMA seeks policy level changes to “propel” tyre exports – The Economic Times

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s