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Feb 23, 2016

TYRE MAKER NEWS * India: The Indian tyre industry has cut TBR  prices by 10-15%

* Delhi - Tyre makers follow Chinese trail with cheap, no-warranty radials


-- Tyre makers in India are trying to beat the Chinese at their own game... Local manufacturers of truck and bus radials (TBRs) are cutting prices and introducing tyres without warranty to counter the avalanche of tyre imports, two people familiar with the matter said... The Indian tyre industry has cut TBR prices by 10-15%... A depreciating yuan will make Chinese imports even more competitive, which can be offset partially by a depreciating rupee, said Mahantesh Sabarad, deputy head of research, SBI Cap Securities Ltd. ... To be sure, traders of Chinese tyres typically pay in dollars. If rupee depreciates, it takes the large chunk of profits away from traders. The trader bears the depreciation risk... 
(Photo: Mint - Truck and bus radial imports have more than doubled from 490,601 units in 2013-14 to 1,308,437 units during 2015-16, according to data from the Automotive Tyres Manufacturers Association) -- New Delhi, India - Live Mint, by Amrit Raj - Feb 20 2016

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