India’s ATMA requests doubling of imported tyre duties

Indian tyre industry organisation the Automotive Tyre Manufacturers’ Association (ATMA) has reportedly submitted a memorandum to the country’s government ahead of its 2015 budget. The ATMA it said to be seeking a doubling in the import duty imposed on tyres to 20 per cent, a move that would bring duties more in line with those placed upon natural rubber.

Local automotive website ZigWheels quotes ATMA chairman Raghupati Singhania as calling upon India’s Prime Minister Narendra Modi to embrace the spirit of the national ‘Make-In-India’ campaign he conceptualised last September, and for him to acknowledge the importance of ensuring that finished products attract duties that are at least as high, if not higher, than those levied on raw materials.