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Tyre industry petitions against imports from China

As per industry estimates, 5,000-6000 jobs at least have been lost in the past few months

Sohini Das  |  Ahmedabad 

As tyre imports continue to rise, forcing the domestic industry to operate at 60 per cent plant utilisation, job losses are beginning to mount at ancillary units, is the complaint. The industry say 5,000-6000 jobs have been lost in the past few months, especially contractual ones, with new hiring at a halt. Rajiv Budhiraja, director general of the  Automotive Tyre Manufacturers Association (Atma), says as much as Rs 42,000 crore was invested over the past five years by his members to expand capacity, largely under-utilised. “The past three years has seen a consistent ...

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Tyre industry petitions against imports from China

As per industry estimates, 5,000-6000 jobs at least have been lost in the past few months

As per industry estimates, 5,000-6000 jobs at least have been lost in the past few months As tyre imports continue to rise, forcing the domestic industry to operate at 60 per cent plant utilisation, job losses are beginning to mount at ancillary units, is the complaint. The industry say 5,000-6000 jobs have been lost in the past few months, especially contractual ones, with new hiring at a halt. Rajiv Budhiraja, director general of the  Automotive Tyre Manufacturers Association (Atma), says as much as Rs 42,000 crore was invested over the past five years by his members to expand capacity, largely under-utilised. “The past three years has seen a consistent ... image
Business Standard
177 22

Tyre industry petitions against imports from China

As per industry estimates, 5,000-6000 jobs at least have been lost in the past few months

As tyre imports continue to rise, forcing the domestic industry to operate at 60 per cent plant utilisation, job losses are beginning to mount at ancillary units, is the complaint. The industry say 5,000-6000 jobs have been lost in the past few months, especially contractual ones, with new hiring at a halt. Rajiv Budhiraja, director general of the  Automotive Tyre Manufacturers Association (Atma), says as much as Rs 42,000 crore was invested over the past five years by his members to expand capacity, largely under-utilised. “The past three years has seen a consistent ...

image
Business Standard
177 22