Indian Tyre Output Climbs 10 per cent in May
Indian tyre production levels went up 10 per cent in May compared with last year. At the same time exports jumped 62 per cent. May’s overall tyre production total stood at 5,176,732 units compared with 4,712,642 in 2040, according to ATMA figures.
A large part of the growth was attributed to the increase production of light commercial vehicles tyres, which went up 24 per cent year-on-year. Meanwhile, passenger car tyre production increased 13 per cent, truck and bus tyre production increased 10 per cent. In the two-wheeler segment, motorcycle tyre production increased by 14 per cent, while scooter tyre production dipped by three per cent.
Exports during May increased by 62 per cent with 472,477 units exported, as opposed to 291,427 units in the same month last year. Passenger car tyre exports most, increasing 96 per cent, while trucks tyre exports went up 40 per cent in May this year.