Indian Tyre Production Grows 16% Between April & January

Tyre production in India increased 16 per cent during the first ten months of the current financial year, the Hindu Business Line reports. Quoting figures released by the national Automotive Tyre Manufacturers Association (ATMA), the financial daily said 79.2 million tyres were produced during the period, up from 68.4 million during the April to January period of the previous financial year. In the truck and bus segments, a growth of 14 per cent occurred in the period between April and January, up to a total of 12.25 million units. Passenger car tyre production increased 17 per cent during the period, to 16.3 million units, while production in the scooter and three-wheeler tyre segment grew 18 per cent to 10.7 million units. Information about the remaining 40 million tyres said to have been produced was not given.

“The growth in tyre production has been spurred by demand from vehicle manufacturers as well as the replacement market,” the ATMA said.