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TIREMAKERS NEWS * India - Lower revenue
* Mumbai - Tyre makers stare at lower revenue as Chinese imports soar
-- The continuing massive jump in cheap imports of tyres, especially those of buses and trucks, from China, which rose 138 per cent in the first quarter, may lead to a revenue decline for domestic tyre manufacturers, says a report... These are priced 25 per cent lower than the domestically produced ones, it said... The import volume of tyres in truck & bus (T&B) and two-wheeler segments rose 25.3 per cent and 120.5 per cent, respectively, in the first quarter of this year on an annual basis... Out of the above, of the particular concern is the rise in imports in the T&B segment which accounts for around 60 per cent of domestic tyre industry's revenue, India Ratings said in a report on Monday...
Mumbai, India - NDTV.profit/Press Trust of India - 26 Oct 2015
Labels: tiremakers news
posted by Unknown @ 10:44 AM
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