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TYREXPO INDIA
Tyre Industry as Part of
India’s Growth Story is the
Message at Tyrexpo India
far-reaching impact on the tyre sector. “Low crude prices are also good for the industry’s growth,” said Sharma. However, he also showed his concern about increasing Chinese tyre imports. In addition, Sharma called for
favoured government policies to increase the production of rubber in the country. “The Indian tyre industry is at a very interesting stage,” he said, “but it should work on improving efficiencies in the business.”
logistics with a direct bearing over the tyre industry.” Now trucks are not stopped at the state borders, giving goods unhindered access through- out the country, and will give the required impetus to the industry.
With the Indian government investing in building infrastructure, the unified tax system is expected to have a
Haryana Retreader Expands in Tread Rubber Manufacturing
Increasing competition, fluctuating rubber prices and reducing margins have led to retreaders foraying into tread rubber
manufacturing to have better control over their retreading operations. Gupta Tyre Retreading, specialising in JCB and tractor
During the 5th edition of Tyrexpo India, a new show GarageXpo India 2017 was also inaugurated to further widen the scope of the annual show held alternately in Delhi and Chennai. The three-day event organised between 11th to 13th July at the Chennai Trade Center, provided a platform to showcase products spread over tyres, automotive repair, maintenance and tyre accessories. “India’s economy is doing well with the auto sector having the leading edge. Despite the slowdown it has the driving force to do well across all segments,” observed Satish Sharma, Chairman, Automotive Tyre Association (ATMA). During his keynote address, Sharma said, “The tyre industry is not a laggard but very much a part of India’s growth story, investing in technology and capacity building.” India is now attracting investment in the tyre industry from global brands. “Many global players are building meaningful capacity in India, further indicating the confidence of the global brands coming here,” emphasised Sharma, who is also President, Asia Pacific, Middle East & Africa (APMEA), Apollo Tyres.
The tyre industry is a big job creator in India, and it will continue to invest in creating jobs in the country. “The retail landscape is changing, and it will bring new opportunities for the industry to grow.”
Welcoming the government’s move on introducing the goods and services tax (GST) from 1st July, he added, “Despite apprehension, it is a sensible step, which will improve the supply chain and
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