Indian Tyre Exports up 40%

Indian tyre exports swelled to 518,603 units in October, up 40 per cent year-on-year. According to the latest ATMA statistics, year-to-date exports are 22 per cent ahead of where they were this time last year. The truck and bus (TBR), passenger car (PCR) and off-the-road (OTR) segments faired particularly well rising to 203,103 units (up 18%); 90,194 (up 185%); and 4308 units (up 97%) respectively.

Total market production was also up. In October 2007 Indian manufacturers produced 7.06 million tyres, a 19 per cent increase on the 5.9 million that were produced in the same period last year. As you might expect, the increases in exports are roughly proportional to increases in total production, however there are some exceptions to this. TBR tyre production grew to 1.088 million units (up 12%) in October; and PCR to 1.4 million units (up 21%). OTR tyre manufacturing, however, only increased 3% during the same period meaning that a greater proportion of the 10,729 units that were produced in were exported compared to October 2006.