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TYRE MAKERS * India: Follow Chinese trail with cheap, no-warranty radials
* Delhi - Local makers of bus radials, introduce tyres without warranty to counter the avalanche of imports
-- Tyre makers in India are trying to beat the Chinese at their own game... Local manufacturers of truck and bus radials (TBRs) are cutting prices and introducing tyres without warranty to counter the avalanche of tyre imports, two people familiar with the matter said... Atsushi Okiyama, general manager (business planning and corporate communications) Bridgestone India confirmed the company has entered the low-cost, no-warranty tyre segment. Bridgestone has cut prices to compete with Chinese imports, he added... A depreciating yuan will make Chinese imports even more competitive, which can be offset partially by a depreciating rupee, said Mahantesh Sabarad, deputy head of research, SBI Cap Securities Ltd. ...
(Photo: Mint - Truck and bus radial imports have more than doubled from 490,601 units in 2013-14 to 1,308,437 units during 2015-16, according to data from the Automotive Tyres Manufacturers Association) -- New Delhi, India - Live Mint, by Amrit Raj - Feb 20 2016Labels: tire makers news India
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