Tyre production dips on slowdown in domestic market, overall exports up 18%

As far as exports are concerned, overall tyre exports rose by 18 per cent to 2.82 million units from 2.40 million units

Against the backdrop of a slowdown in the domestic market, overall tyre production in the country has remained in the negative zone with a decline of around four per cent during Q1FY20 compared to the same period last year. 

Motorcycle tyre production, which weathered the slowdown successfully during FY19, is witnessing a decline in the current financial year, while passenger car tyre production continues to remain in the negative territory. However, the good news is that overall tyre exports went up by 18% in the Q1FY20.

According to  Automotive Tyre Manufacturers Association (ATMA), which accounts for over 90% of tyre production, overall