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JK Tyre seeks anti-dumping duty on radial tyres from China

Press Trust of India  |  New Delhi 

The must impose anti- dumping duty on import of Chinese truck and bus radial tyres that continue to flood Indian market at cheaper prices to ensure a level-playing field for domestic players, JK Tyre Chairman Raghupati Singhania has said.

Almost 80 per cent of the are at concessional duties thereby eroding a significant part of the market of the domestic tyre industry, Singhania said while addressing the company's shareholders at its AGM.

The domestic tyre manufacturers have undertaken large scale capacity additions with of nearly Rs 45,000 crore in the last few years, he added.

Seeking intervention, Singhania said: "It is a matter of great concern that Chinese truck/bus radial tyres continue to flood the market unabated at dumping prices, thereby, threatening the large made in the recent past."

He further said the issue is not only about from but also from other Asian countries with whom has a Agreement (FTA).

"It is indeed high time for the to undertake necessary steps by imposition of anti-dumping duties on such low cost tyres," he added.

The has already taken steps towards addressing the concern raised by the domestic industry.

In a notification on August 7, the commerce ministry's investigation arm - Directorate General of Anti-dumping and Allied Duties (DGAD) - has recommended imposition of definitive anti-dumping duties on the of these tyres from

may impose anti-dumping duty of up to USD 452.33 per tonne on a certain variety of Chinese pneumatic radial tyres to guard domestic players from cheap

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 09 2017. 17:57 IST