Ace Tyres Ltd are into manufacturing tyres is a group company of Exel Rubber Ltd.
Automotive Tyre Manufacturers Association (ATMA) said report about the rising 9 % of imports have risen 9 per cent in FY17. The association has highlighted the spiralling upwards of import of truck and bus radial tyres which has reached a new high of 1.2 lakh units per month in FY17 from 40,000 units per month in FY14. Now, imported TBR tyres accounts for close to 40% of replacement demand, where it affects domestic players and rubber producers. Since rubber is largely consumed by tyre segment, the offtake from them is also affected. It has demanded an early imposition of anti-dumping duty on TBR tyres from China.
ATMA (Automotive Tyre Manufacturer Association) is lobbying for a anti dump duty on truck and bus radial tyres import in India. According to them, import of truck/bus radial tyres surged nearly 30 per cent in the first half of 2016-17 . Import of TBRs has crossed the level of 1.4 lakh units per month in the current fiscal from 40 thousand units per month in FY 2013-14, an increase of about 400 per cent in three years, There is no reprieve from indiscriminate import and dumping of radial tyres especially TBRs from China. ATMA said the dumping of TBR tyres at such a large scale is also adversely affecting the interests of rubber growers in India.
Central government is looking at anti-dumping and anti-subsidy duty investigations on imports of bus and truck radial tyres from China to protect domestic manufacturers. Director General of Anti-Dumping and Allied Duties (DGAD) is examining petitions for initiation of anti-dumping and anti-subsidy duty investigations on imports of bus and truck radial tyres from China.