The import of four
wheeler radial tyres has soared up by 40% in the first quarter of the
FY 2016-17, even as the tyre makers across the country continue to
make pressure upon the government to enforce safeguard duty to
staunch the increasing imports on immediate basis.
As per the latest, the
government has still not accepted the proposal of tyre manufacturers
to impose anti-dumping duty even as tyre makers claim that heavy
imports of tyres from the country like China is handicapping their
growth. On the other hand, there are various stakeholders out there
such as City Tyres
Manufacturers, tyre
suppliers and traders who have turned down any need for putting any
levy on safeguard or anti-dumping duty.
Meanwhile, when it comes
to having a closer look at the passenger car radial (PCR) segment,
the overall imports soared up by 22% in the Financial Year 2016-17.
The Automotive Tyre Manufacturers Association (ATMA) has asserted
that the dumping of radial tyres in almost all the segments has
already reached the unprecedented mark.
The import of TBRs has
significantly gone to 1.5 lakh units monthly, which was only one lakh
units in the Financial Year 2016. In the past three years, the
overall increase looks to be in sync with nearly 600% from 78,000
units in the first quarter of Financial Year 2014 to 4.2 lakh units
in the first quarter of the financial year 2016-17.
However, the City Tyres Manufacturers in India, dealers, suppliers and
traders have come up with a fully contrary view in terms of the ban
on import. They are of the view that despite a huge increase in
imports, they have gained significant profit margins in the last
quarters in the light of falling prices of raw materials.
