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Tyre exports can double with policy support

The tyre industry is concerned about cheap Chinese imports

Gireesh Babu  |  Chennai 

Photo: Shutterstock
Photo: Shutterstock

The tyre industry, concerned about Chinese imports, has said it can double exports in three years with adequate policy support.

According to stakeholders, demonetisation, followed by the GST, had led to a decrease in tyre from  

Satish Sharma, chairman of the Automotive Tyre Manufacturers' Association (ATMA) and president (Asia-Pacific, Middle East and Africa) at Apollo Tyres, said that the body had commissioned a report on policy requirements that would help the to grow.

“Once the study is ready, we will approach the government,” he added. 

There is potential to increase to the Unitede States (US), Asia, Africa and the Middle East. Almost 15 per cent of the Rs 50,000 crore revenue of the tyre comes from exports. 

“We can become a poster child for the government,” Sharma said.

First Published: Sat, June 17 2017. 22:00 IST