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Truck, bus tyre output slips in Oct

Our Bureau

New Delhi , Dec 16

TRUCK and bus tyre production slipped in October 2003 to 8.89 lakh tyres against 9.07 lakh tyres recorded in September 2003.

A senior tyre industry official attributed the decline in production to the trend of "lower demand" during the month under review.

The production performance in this category during October 2003 was, however, higher than the production level of 8.36 lakh tyres recorded in October 2002.

According to the data released by the Automotive Tyre Manufacturers' Association, truck and bus tyre exports declined in October to 1.52 lakh units against two lakh units in September . The official held that there was no one particular reason for the decline in exports in October. Passenger car tyre production declined inOctober to 7.61 lakh tyres against 8.19 lakh tyres in September.

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