ATMA Archives - Tyrepress

India: Tyre makers’ operating profits to exceed pre-corona levels

According to S&P Global’s CRISIL Ratings, the tyre industry will be one of the few sectors in India where operating profits surpass pre-crisis levels. Examining its rating of the country’s six leading tyre manufacturers, CRISIL forecasts that their operating profit will grow by six to eight per cent in the 2021 fiscal year (1 April 2020 to 31 March 2021), with favourable input prices and higher realisations helping to offset a four to six per cent decline in volumes.

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20th January 2021/by Stephen

India’s ATMA appoints new chairman, vice chairman

Career Tracks

The organisation representing India’s tyre makers has a new chairman, with KM Mammen being appointed to the role. Mammen, who is chairman and managing director of MRF Ltd., is joined in the Automotive Tyre Manufacturers Association’s (ATMA) leadership team by Anshuman Singhania as vice chairman. Singhania is a director at JK Tyre & Industries Ltd.

17th March 2020/by Stephen

Ceat’s Goenka becomes chairman of India’s ATMA

Career Tracks

Anant Goenka, managing director of Ceat Ltd., has been elected chairman of Indian tyre industry body the Automotive Tyre Manufacturers’ Association (ATMA). Rajeev Anand, chairman and managing director of Goodyear India Ltd., is the association’s new vice-chairman.

26th March 2018/by Stephen

Apollo’s Satish Sharma elected ATMA chairman

Career Tracks, UK News

ATMA (the Indian Automotive Tyre Manufacturers’ Association) has appointed Satish Sharma, Apollo Tyres Ltd’s president, Asia Pacific, Middle East and Africa (APMEA as the body’s next chairman.

16th March 2017/by admin

TBR imports into India soar to meet rising demand

International News

India’s Automotive Tyre Manufacturers Association reports that imports of truck and bus radials into the country increased 57 per cent year-on-year to 280,000 units in April and May 2016. The 150,000 tyres imported in May alone accounted for almost 40 per cent of India’s replacement market demand, according to association figures.

1st July 2016/by admin

Imports creating disquiet within India’s tyre industry

International News

Recently, the mouthpiece association for tyre dealers in India released statistics that appear to contradict concerns expressed by the body representing the country’s tyre manufacturers. After the Automotive Tyre Manufacturers Association (ATMA) petitioned India’s Ministry of Commerce & Industry in March to increase duties on truck and bus radials imported from China, the All India Tyre Dealers Federation (AITDF) responded with figures that show quantities of imported tyres arriving in India are falling rather than rising. The ATMA has in turn hit back, claiming that the AITDF numbers don’t tell the full story.

27th April 2016/by admin

India’s tyre exports, production declines

International News

Indian industry association the Automotive Tyre Manufacturers’ Association (ATMA) reports that exports of tyres from India decreased in the first half of the country’s current financial year, the period between April and September 2015. Exports of passenger car tyres produced in India fell 22 per cent year-on-year to 1.08 million units, while medium and heavy commercial vehicle tyre exports declined nine per cent to 968,000 pieces.

20th January 2016/by admin

Truck tyre imports halved as Indian manufacturers reduce prices

International News

Imports of truck and bus radials into India fell by almost a half during the June to November period. Quoting figures from the All India Tyre Dealers Federation (ATMA), business daily The Hindu writes that the number of TBR tyres imported into the country declined from 106,700 units in June to just 54,175 units in November; it reports that the decline in imports followed price cuts of eight to ten per cent that were introduced by domestic tyre manufacturers.

16th December 2015/by admin

India’s ATMA requests doubling of imported tyre duties

International News

Indian tyre industry organisation the Automotive Tyre Manufacturers’ Association (ATMA) has reportedly submitted a memorandum to the country’s government ahead of its 2015 budget. The ATMA it said to be seeking a doubling in the import duty imposed on tyres to 20 per cent, a move that would bring duties more in line with those placed upon natural rubber.

19th February 2015/by admin

Rubber growers need replanting subsidies, says India’s tyre industry body

International News

The organisation representing India’s tyre makers has called upon its national government to encourage rubber replantation and offer rubber growers subsidies to plant new trees. According to news published by the Press Trust of India, the Automotive Tyre Manufacturers’ Association (ATMA) wants these measures implemented in order to address the reluctance of growers to plant new trees, which can’t be tapped for their first six to seven years. Without encouragement, the ATMA fears growers will continue to tap older, lower-yielding trees; the association comments that this practice is profitable for growers due to the high prices natural rubber currently commands.

17th October 2014/by admin

Indian tyre makers’ association seeks duties review

International News

The organisation representing India’s tyre makers has petitioned the country’s Finance Ministry to review its regional trade agreements and the duties charged under them. In a memorandum, the Automotive Tyre Manufacturers’ Association reiterated its long-standing claim that domestic manufacturers are being harmed by a double whammy of cheap, imported tyres and heavily-taxed raw material imports.

3rd July 2014/by admin

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