DuncanTennyson - China Automobile Expert-CNAUTO

AFPATMA said the top five export markets for Indian tires in FY21 were the US, Germany, France, Italy and the UK , with double-digit growth in exports to both these countries. Association of Manufacturers (ATMA) India’s tire exports grew 10% annually to Rs 140.97 billion in 2020-21, according to the industry body’s automotive tire data released on Thursday. ATMA cited the latest data released by the US Department of Commerce, which showed that tire exports grew by 8% to 3.64 billion units in the last fiscal. India said in a report that the export growth came against the backdrop of disruption in international trade due to the New Crown Virus pandemic, which led to a sudden 23% drop in India’s tire exports in the first quarter of fiscal year 2021. ATMA Ans human Singhania “The significant growth in tire exports in a difficult year shows the resilience of the industry in spite of challenging circumstances.”” ATMA said government measures, in...

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Const machinery & Agro equipment

Tyre exports grow by 10 pc to Rs 14,097cr in FY21