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Tyre industry sees spike in Thailand imports
TIWN
TIWN
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Chennai, Aug 11 (TIWN) The Indian tyre market sees a spurt in imports from Thailand after the imposition of counter veiling duty (CVD) on tyres from China, said a senior official of the Automotive Tyre Manufacturers' Association (ATMA).
He also said that with political uncertainty now over after the Lok Sabha elections, the government should now focus on taking the economy on the growth path. "Earlier import of tyres from China was a major factor for the domestic manufacturers. But now Chinese tyre makers are routing their products through Thailand. We see a spike in tyre imports from Thailand," Rajiv Budhraja, Director General, ATMA, said.
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