Industry & Economy
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Tyres
Truck, bus tyre production dips marginally in Oct
K.R. Srivats
New Delhi
,
Dec. 16
TRUCK and bus tyre production touched 9.22 lakh pieces during October 2004, which is marginally lower than the production level of 9.23 lakh tyres recorded in the previous month.
Production in this category, which accounts for over 60 per cent of total tyre industry turnover (in value terms), had dipped to 8.91 lakh tyres in August from a production level of 9.53 lakh units recorded in July 2004. The domestic tyre industry had manufactured 8.89 lakh units of truck and bus tyres in October 2003.
Truck and bus tyre exports, however, declined in October 2004 to 1.84 lakh units against 2.58 lakh exported in September. The domestic tyre industry had exported 1.52 lakh units in October 2003.
According to the Automotive Tyre Manufacturers' Association (ATMA), passenger car tyre production by ATMA member companies during October 2004 stood at 9.64 lakh tyres against 9.87 lakh during September. Passenger car tyre production by these companies had touched 7.61 lakh units in October last year.
Production of light commercial vehicle tyres during October 2004 stood at 3.27 lakh tyres against 3.32 lakh in the previous month. LCV tyre production in October 2003 stood at 2.60 lakh.
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