The Indian auto component industry is growing
at a CGPA of 8.9% with two-wheelers being the largest domestic customer segment
for the Indian auto components industry. This has encouraged two-wheeler tyre
manufacturers to constantly experiment with newer technology and innovative
ideas to deliver the growing market.
According to Automotive Tyre Manufacturers’
Association, tyre import has come to account for an estimated 20% of the total
domestic market. Chinese government continues to provide multiple, direct and
indirect, subsidies to push exports. The export prices from China are lower
than that of such tyres in Chinese domestic market and also prices of similar
exports originating from Thailand, South Korea. This clearly indicates dumping
of tyres into Indian markets and causing injury to the domestic tyre industry.
The rubber industry is highly fragmented;
producers have been unable to manage a cut in rubber supplies to a level low
enough to support prices. The ban has proved hard to enforce, with millions of
farmers spread over and many living from hand to mouth, forcing them to sell the
commodity to get urgently needed cash. Even middlemen/traders have been forced
to sell to keep their businesses running.
For reading Rubber4U – 15th November 2014 issue: http://rubber4u.com/Public/Abcd.pdf
For
2014-15 Rubber Forecast: http://rubber4u.com/Public/RForecast.pdf
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