ZoeHolt - China Automobile Expert-CNAUTO

NEW DELHI: India’s tire production declined in the first two quarters. Data from the Automotive Tire Manufacturers Association (ATMA) showed that production declined in all categories except passenger cars in the current fiscal. According to the latest data released by ATMA, the production of passenger car tires increased by 7% to 18.98 million in April-September this year compared to the same period last year. The second largest segment is medium and heavy commercial vehicles (MHCV) tire production was 8.387 million in the reporting period, down 2% from 8.548 million in the April-September period last year. Finance. Commenting on the trend, Raghupatita chairman Ragh Singhania said, “Production and sales of MHCVs have recovered in the current fiscal while domestic production of MHCV tires has declined.” Considering MHCVs, the segment accounts for 55% of the tire industry’s revenue and the low growth in the heavy commercial vehicle tire segment has...

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Tyre production falls in April-September period: ATMA