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Indian tyre industry eyes turnover of Rs 1 trn by 2026: ATMA

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  Indian tyre industry eyes turnover of Rs 1 trn by 2026: ATMA Indian tyre industry eyes turnover of Rs 1 trn by 2026: ATMA New Delhi, Jan 5 (KNN)  The Automotive Tyre Manufacturers Association (ATMA) on Wednesday said that the Indian Tyre Industry will scale a turnover of Rs 1 lakh crore in the next three years on the back of new capacities available. The new capacities will go on stream over the next couple of years to meet the growing demand in an economy that is poised to remain as the fastest growing for the next few years, ATMA said in a statement. According to the association, the demand is likely to grow stronger due to government’s push to develop infrastructure. The current turnover over the sector stands at Rs 75,000 crore, ATMA said. The investments that have been undertaken in a challenging time period, span across all the key tyre segments with major beneficiary being truck and bus radials (TBR) and passenger car radials (PCR) manufacturing," ATMA Chairman Satish...
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Indian tyre industry set to generate incremental business of $3 billion in 3 years: ATMA

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  Indian tyre industry set to generate incremental business of $3 billion in 3 years: ATMA Riding high on fresh capacity addition and improving production the domestic tyre industry is hoping to generate an incremental turnover of $ 3 billion or Rs 25000 crore in the next three years and cross a turnover of Rs 1 lakh crore, as per a new report by Automotive Tyre Manufacturers Association (ATMA). At present the overall turnover of the domestic tyre industry stands at Rs 75,000 crore. According to Satish Sharma, Chairman, ATMA the new capacities will go on stream over the next couple of years to meet the growing demand in an economy that is poised to remain as the fastest growing for the next few years. "Demand is expected to grow stronger in view of uptick in economic activities and the big push envisaged for infrastructure growth. While the external environment continues to be a challenging one, Sharma added, there are several tailwinds to tyre sector’s growth domestically. Differ...
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