Indian Manufacturers Face Export Difficulties
While India is home to one of the world’s fastest growing tyre markets, when it comes to exports the countries domestic manufacturers are wary of being caught out on quality control and having to face “extreme” insurance claims.
According to the Financial Express newspaper, India exports 20 per cent of its annual tyre production and some of the country’s largest producers are still struggling to ramp up exports for various reasons, including “liabilities arising of defective products” – Indian manufacturers simply cannot afford to be involved in a large scale product recall in either the European or US markets.