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Note ban a speed breaker for Chinese tyre sales in India

Sales were growing at 40% earlier; after the note ban they slowed down to about 17%

T E Narasimhan  |  Chennai 

Growth in Chinese tyre sales in the Indian replacement market has slowed down post demonetisation, as the business is generally conducted only in cash. According to industry representatives, Chinese tyre sales, which rose by about 40 per cent in the Indian replacement market between April and October 2016, saw a de-growth of around 17 per cent after the note ban.

Indian tyre makers will have breathing time till the second quarter, as Chinese tyres may not enter the market. Automotive Tyre Manufacturers' Association (ATMA)'s Director General Rajiv Budhraja said ...

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First Published: Sat, January 14 2017. 23:45 IST