Calling on the government to place a cap on imports, the tyre industry has said it would facilitate increased domestic production, and subsequently exports, besides creating jobs. According to data from the Directorate General of Commercial Intelligence and Statistics (DGCI&S), tyres worth $429 million were imported in FY19.
In the first 11 months of FY20 — a year that witnessed economic slowdown and hence reduced demand — tyres worth $385 million came in, says the Automotive Tyre Manufacturers’ Association (ATMA). Majority of the imports were from China. The ...
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