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Top News In தானியங்கி சக்கரம் உற்பத்தியாளர் சங்கம் Today - Breaking & Trending Today

Infra push in the budget a big positive for tyre sector: ATMA

February 01, 2021
KM Mammen, Chairman, ATMA×
A sharper focus on infrastructure, including road infrastructure, through higher budgetary allocations and setting up infrastructure financing institution augur well for several sectors of the economy including those which have been affected by the pandemic-induced disruption, states Automotive Tyre Manufacturers’ Association (ATMA).
“Government’s reconsideration of Custom Duty Policy aimed at promoting domestic manufacturing is a highly welcome move. Inverted duty structure in the tyre industry has created an uneven playing field and we look forward to the new customs duty structure which will be put in place by October 2021”, said K M Mammen, Chairman ATMA. ....

Development Finance Institution , Automotive Tyre Manufacturer Association , National Asset Monetisation Pipeline , Custom Duty Policy , வளர்ச்சி நிதி நிறுவனம் , தானியங்கி சக்கரம் உற்பத்தியாளர் சங்கம் , தனிப்பயன் கடமை பாலிஸீ ,

Replacement market helps tyre cos end 2020 with better capacity utilisation

Tyre makers have started seeing capacity utilisation going up on the backdrop of demand recovery, mainly driven by the replacement market. While some players have deferred part of the capex, some have decided to expand ont the hope that demand will be better in the coming fiscal.
According to Automotive Tyre Manufacturers Association (ATMA), tyre production dropped by 30% during the first half of FY21 in view of lockdown and restrictions on mobility in the first quarter which severely hampered the production. Reduced demand from both replacement and OE segments also affected the production. Total tyre production went down by 30% YoY in the Apri-September period. Turnover was down by 5% to Rs 60,000 crore in FY 2019-20 from Rs 63,000 crore in 2018-19, first decline in more than a decade. ....

Satish Sharma , Raghupati Singhania , Atmanirbhar Bharat , Asia Pacific , Arnab Banerjee , Apollo Tyres Ltd , Automotive Tyre Manufacturer Association , Jk Tyre Industries , Middle East , Managing Director , சத்தீஷ் ஷர்மா , ரகுபதி சிங்கானியா , ஆசியா பெஸிஃபிக் , அர்னாப் பானர்ஜி , அப்பல்லோ டயர்கள் லிமிடெட் , தானியங்கி சக்கரம் உற்பத்தியாளர் சங்கம் , ஜுக் சக்கரம் தொழில்கள் , நடுத்தர கிழக்கு , நிர்வகித்தல் இயக்குனர் ,

tyres: DGFT curbs import of tyres if alternative made in India, seeks undertaking from importers

Synopsis
The Directorate General of Foreign Trade (DGFT) has sought the undertaking from importers that are also required to furnish records for the past three years.
Reuters
Failure to do so will attract penalties as New Delhi seeks to curb imports and push local manufacturing.
Mumbai: Traders seeking tyre import licences must submit an undertaking that they will only purchase those tyres sizes not made locally. Failure to do so will attract penalties as New Delhi seeks to curb imports and push local manufacturing.
The Directorate General of Foreign Trade (DGFT) has sought the undertaking from importers that are also required to furnish records for the past three years. They are being allowed to import only 40% of their trade average volume in the past three years. ET has reviewed the text of this undertaking. ....

Automotive Tyre Manufacturer Association , Foreign Trade Development , Directorate General , Foreign Trade , தானியங்கி சக்கரம் உற்பத்தியாளர் சங்கம் , வெளிநாட்டு வர்த்தகம் வளர்ச்சி , இயக்குநரகம் ஜநரல் , வெளிநாட்டு வர்த்தகம் ,