The total turnover of tyre industry covering 36 companies stood at Rs 22500 crore.
Remove anomaly of higher customs duty on inputs by cutting the customs duty on natural rubber, other inputs and on tyre manufacturing machinery and / or hike in customs duty on tyres.
The import of car tyres surged in April-June as compared to the same period last year, but those of truck and bus tyres fell.
Domestic tyre production fell by 3.2 per cent in April 2003 as high-volume segments like car, utility vehicle, motorcycle, scooter and tractor tyres recorded a decline in production.\n\n\n\n
The tyre industry has urged the Central Government for recast of India's Free Trade Agreements
Between 2011 and 2014, they indirectly determined the price of tyres in the market, says report
Tyre companies are stepping up on exports to offset declining volumes from domestic OEMs.
After a record-breaking year, India's automobile industry is entering 2026 on a relatively strong footing, with sales growth expected in the 6-8 per cent range. The outlook is underpinned by policy support, including GST rationalisation, easing monetary conditions, and income tax relief, which together are likely to improve affordability and sustain consumer demand across vehicle segments.
Domestic tyre demand is seen to grow by 7-9 per cent over the next five years.
Kerala floods take a toll on small businesses, NBFCs brace for losses
Increasing the duties on auto parts and putting an additional cess on petrol and diesel could drive up costs of vehicles, specially where volumes are low and localisation is not viable.
The move will primarily impact luxury car companies like Mercedes Benz, BMW, Audi and Volvo and bike brands like Triumph and Harley Davidson.
Move to help India export hi-end vehicles.
We list down various ways in which you can derive the best mileage from your bike.
A simple guide to find out India's best commuters, from among Bajaj CT 100, Hero MotoCorp HF-Dawn, TVS Sport, Yamaha Crux and Mahindra Pantero T4.
Happy at the clear mandate given by voters to the BJP-led NDA, India Inc on Friday exuded confidence that Narendra Modi will initiate bold and decisive policy reforms to promote economic growth.
