Indian tyre exports to increase by 10 per cent in fiscal year 2021
6. January 2022Tyre exports from India increased by 10 per cent in value terms in the 2021 fiscal year, reaching the equivalent of $1.86 billion. This was reported by the industry body Automotive Tyre Manufacturers Association (ATMA). In terms of volumes provided by the Ministry of Commerce, the ATMA recorded an 8 per cent increase to around 36.4 million units of tyres. The growth in exports was caused by a sharp decline in international trade due to the Corona pandemic. In the first quarter of 2021, there was a massive 23 per cent drop in tyre exports, according to ATMA. The rapid rebound in export figures despite weak markets in the past few years is a testimony to the resilience of the Indian tyre industry, ATMA Chairman Anshuman Singhania said. The Indian government also contributed to the improvement of the situation by, among other things, restricting the illegal import of substandard tyres. Indian product certifications also play a major role in this regard, as BIS certification and AIS certification come into play in tire production, to ensure the quality of these products.
According to ATMA, Indian-made tyres are exported to more than 170 countries, including the important markets of North America and Europe. The top five buyers were the US, Germany, France, Italy and the UK. For all these countries, exports grew in double digits, according to ATMA. The US remains the most important market, accounting for 17 per cent of all tyres exported. Growth in tyre exports could continue over the next 3 to 4 years, according to the ATMA, if the government removes certain barriers such as limited access to natural rubber (latex). The ATMA urged the government to improve the availability and quality of latex. This is the only way for the Indian tyre industry to remain competitive, it said.
Tyres in India have to be certified according to the AIS guidelines. AIS stands for Automotive Industry Standards, the technical automotive standards for India. MPR International GmbH – India Certification will be pleased to assist you with AIS certification and is also available to answer any questions you may have.
AIS stands for Automotive Industry Standards, the technical automotive standards for India, while TAC stands for Type Approval Certificate. This kind of automotive product certifiation is conducted by authorities like the International Center for Automotive Technology (iCAT).
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