The import of car tyres surged in April-June as compared to the same period last year, but those of truck and bus tyres fell.
The total turnover of tyre industry covering 36 companies stood at Rs 22500 crore.
Remove anomaly of higher customs duty on inputs by cutting the customs duty on natural rubber, other inputs and on tyre manufacturing machinery and / or hike in customs duty on tyres.
Domestic tyre production fell by 3.2 per cent in April 2003 as high-volume segments like car, utility vehicle, motorcycle, scooter and tractor tyres recorded a decline in production.\n\n\n\n
The tyre industry has urged the Central Government for recast of India's Free Trade Agreements
Tyre companies are stepping up on exports to offset declining volumes from domestic OEMs.
Kerala floods take a toll on small businesses, NBFCs brace for losses
Increasing the duties on auto parts and putting an additional cess on petrol and diesel could drive up costs of vehicles, specially where volumes are low and localisation is not viable.
Between 2011 and 2014, they indirectly determined the price of tyres in the market, says report
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