![]() Financial Daily from THE HINDU group of publications Wednesday, May 18, 2005 |
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Industry & Economy
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Tyres Truck, bus tyre output surges in March K.R. Srivats
New Delhi , May 17 TRUCK and bus tyre production were on a roll in March, going by the data released by the Automotive Tyre Manufacturers' Association (ATMA). Production in this category registered a level of 9.89 lakh units as against 8.97 lakh units in the previous month and 9.43 lakh units in March 2004. The output in March was the best for this category during the fiscal 2004-05. Truck and bus tyre production during December 2004 and January 2005 stood at 9.68 lakh units and 9.47 lakh units respectively. This category accounted for over 60 per cent of the total turnover of the tyre industry in value terms. The data also showed that truck and bus tyre exports during March surged to 2.59 lakh units as against a export level of 2.19 lakh units in February. The domestic tyre industry exported 2.23 lakh units of truck and bus tyres during March 2004. Passenger car tyre production by ATMA member companies witnessed a sharp rise in March at 10.58 lakh tyres as against 8.80 lakh units in the previous month. They had reported a production level of 9.14 lakh units of passenger car tyres during March 2004. Production of light commercial vehicle tyres stood at 3.84 lakh tyres during March as against 3.05 lakh tyres during February.
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