Tyre imports into India grew 12 per cent in the 2016 financial year, reports ICRA. The India-based ratings agency, which is majority owned by Moody’s Investor Service, comments that this growth was driven by an “unabated flow of cheaper Chinese tyres in the truck and bus radial, passenger vehicle and two-wheeler segments.” The 12 per cent increase witnessed in the 12 months to 31 March 2016 followed a 17 per cent rise in imports the previous year.