The government recently imposed curbs on the import of certain new pneumatic tyres. JK Tyre & Industries Chairman and Managing Director Raghupati Singhania tells T E Narasimhan that the decision will help promote domestic manufacturing. About Covid-19, he says it has caused the company to defer its expansion plans. Edited excerpts:
How has Covid-19 impacted the tyre industry?
The auto industry was witnessing a slowdown in FY’20. The lockdowns impacted it further. This, in turn, affected the automotive and allied industries, including tyres. However, the tyre segment has seen a recovery in June 2020, especially in the replacement market. The