Indian tyre companies to gain from CVD duty on Chinese imports; top picks

The government's decision to impose countervailing duty (CVD) on imports of radial tyres from China is likely to be incrementally positive for tyre manufacturers, as the replacement market would see higher inflow of tyres from the listed/organised players, feel experts. The dampener, however, is the overall slowdown in the auto industry as reflected in the sales numbers of the past few months, they believe.

On Tuesday, the government imposed CVD for five years on new pneumatic radial tyres above 16 inches, which are imported from China. These tyres are normally used in buses and trucks. The Centre listed nearly eight