According to statistics of the Indian Automobile Tire Manufacturers Association (ATMA), in the fiscal year 2012-2013, the tire industry in India had a turnover of approximately US$8 billion, output reached 123 million, and the total import and export volume exceeded 17 million, ranking fifth in global tire production. name.
Multinational companies are optimistic about India
“In recent years, the tire industry in India has developed rapidly. There are now 39 tire companies and 60 factories, large and small. Internationally renowned tire companies such as Michelin and Bridgestone have settled in India. Yokohama's factories will also be in September 2014. Started production at India."
At the 2014 China Rubber Annual Conference, Rajiv Budhraja, Secretary-General of the Indian Automobile Tire Manufacturers Association, said.
It is reported that the average annual growth rate of the production of truck and bus tires in India is only 3% from 2010 to the present and there has been little growth; however, the output of light commercial vehicle tires has grown rapidly, especially in the fiscal year 2012-2013. Up to 23%; car tires also have a larger increase, but compared with other models, the growth rate of car tires is not stable; in 2012-2013 fiscal year, the production of tricycle tires and tractor rear tires have declined.
Exports only account for less than 10%
At the meeting, the representative of India stated that at present, the tire industry in India is also facing some problems, such as large uncertainties in downstream demand, insufficient utilization of production capacity, and problems with product structure and quality.
Buherajja contrasted the tire industry in India and China. He said that China and India are latecomers in the field of tire production. In terms of capacity distribution, the tire industry has gradually shifted from the Western world to Asia in the past 20 years. Moreover, both China and India have gradually shifted from traditional tire products to the radial market.
Bucheraj also stated that the scale of tire manufacturing is related to infrastructure. India’s infrastructure is improving and the scale of tire production is increasing. Due to the uncertainties in the international economic environment, Indian tire exports currently account for only 8%-10% of total production, and are relatively dependent on the domestic market.
"Overall, the Indian domestic market is still good," he said.
Article original title: Indian tires rely mainly on the domestic market
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