KOCHI: The slowdown in China’s tire imports and the growth in automobile sales over the past few months have given hope to the Indian tire industry. After a prolonged slump, the Indian tire industry is expected to grow in the fourth quarter of the current fiscal.

According to the tire industry body, the Automotive Tire Manufacturers Association (Atma), imports of truck and bus midday tires (TBRs) have declined by about 50% to 75,000 tonnes per month since the government imposed anti-dumping duties in September.

The domestic market is also showing signs of decline. Resurrection will take a long time. Atma Rajivi Budhraja He said, “Tire sales for trucks and buses are on the rise.” “The performance of passenger cars has been steady over the past few months. Replacement and original equipment parts for vehicles are performing well.” However, Badiraja pointed out that this improvement is coming from the low levels of a year ago.

The domestic tire industry has been experiencing a downturn in recent years due to currency sequestration and changes. BS-4 emission standards, GST, and Chinese tire imports.

Prices of natural rubber, a key raw material in the tire industry, are declining. However, tight supply in the past few months has made tire companies more dependent on rubber imports.

“Due to persistent rains, October and November Rubber distributor George Valy Valy Rubber has stopped monthly rubber cutting (George Valy) said. “This month it has fully resumed. However, there are still tire companies unwilling to buy at the current market price.” Valy said that if the weather is good, the glue cutting period may be extended to March as the rains have reduced the number of days for glue cutting.

Meridian’s imports of trucks and buses have dropped 50 percent in a month since the government imposed anti-dumping duties in September.