TBR Tyre Imports

Price hikes to offset some of the the surge in raw material costs

Imports of Truck & Bus radial tyres (TBR) rose by nine per cent touching a new high of 1.2 lakh units per month in Fiscal 2017 growth over the previous year. Imported tyres have come to account for 40 per cent of the replacement demand for truck & bus radials in India causing a severe blow to the domestic industry which has put in hefty investments in TBR manufacturing, says industry representatives.Meanwhile, Automotive Tyre Manufacturers Association (ATMA) asked the Ministry of Commerce & Industry for early imposition of anti dumping duty on import of Truck & Bus radial tyres from China, which accounts 92 per cent of TBR's import into India. ATMA is a representative body of 11 large tyre companies in India accounting for over 90 per cent of tyre production.TBR import in India has been spiralling upwards in the last few years. According to ATMA from 40000 units a month in Fiscal 2014 it rose to about 1.2 lakh units per month in Fiscal 2017, TBR import has witnessed a