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Saturday, Aug 27, 2005

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Industry & Economy - Tyres

Automotive tyre exports up 6.3 pc

K.R. Srivats

New Delhi , Aug. 26

EXPORTS of automotive tyres and tubes touched $348.78 million (Rs 1,525 crore) in 2004-05, which represented a 6.34 per cent increase to the export performance of $328 million recorded in fiscal 2003-04. The country's exports of auto tyres in the year 2002-03 stood at $257.63 million.

Although the US continued to maintain its leadership position in terms of being the largest market in value terms, the value of exports to that destination has come down from $42.11 million in 2003-04 to $35.90 million in 2004-05.

Exports to the UAE, which continued to be ranked as the second largest destination for the country's auto tyres, surged by 61.4 per cent during 2004-05 to $32.05 million from a level of $19.53 million in 2003-04, according to the CAPEXIL (formerly chemicals and allied products export promotion council).

The other destinations that have seen an increase in tyre exports include Pakistan (from $14.04 million in 2003-04 to $24,99 million in 2004-05), the Philippines (from $15.32 million to $22.57 million) and Iran (from $12.80 million to $14.70 million).

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