The Automotive Tyre Manufacturers Association (ATMA) on Thursday revealed that Tyre exports from India increased by 12% in volume between April-August 2019.
The India tyre exports hit double-digit growth between 2016-2017 when it increased by 16%. But, dropped the following year as export growth dropped to 6%.
According to the Association, Tyre exports have been a silver lining for the industry which has seen sharp demand contraction as vehicle manufacturers battle slowdown in sales across categories.
All segments of the automobile industry showed sharp fall in tyre production with passenger cars and SUVs down 8%, medium and heavy commercial vehicles down 5%, motorcycles and mopeds down 3% and three-wheelers down 3%.
However, only scooters were up 3% in the period.
In the domestic market, demand from vehicle companies has been very poor but replacement demand has been good.
