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19.11.14

TYRES MAKERS * India:

* India - Low capacity utilisation hurting domestic tyre makers: ATMA

Mumbai,India -My Digital FC, by Michael Gonsalves -Nov 17 2014: -- The tyre industry in India has raised its concern over indiscriminate tyre imports, saying huge lower capacity utilisation is hurting domestic tyre manufacturers... Raghupati Singhania, chairman at Automotive Tyre Manufacturers’ Association (ATMA), and chairman and managing director at JK Tyre and Industries said:   New capacities, particularly in truck and bus radials (TBR) have been created by Indian tyre manufacturers at an outlay of over Rs 15,000 crore in the last couple of years... He said the imports were not only threatening to make new investments in capacities idle but also loss of employment... ATMA, comprises top 10 tyre companies, and accounts for more than 90 per cent of tyre production in the country...

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