Help Desk -
9717405332, 9599714297, 9810335381
Email
Password

Indian tyre makers rue shortfall of natural rubber in the domestic market - Report

Auto News - Published on Thu, 07 Dec 2017

Image Source: anrpc.org
ET reported that Tyre makers in India have termed as “grim” the continuing shortfall of natural rubber in the domestic market. They said the industry is being forced to import natural rubber, which is driving up costs amid the ongoing peak season in the country.

According to data released by the Rubber Board, natural rubber (NR) production grew 5% YoY to 321,000 tonnes in the six months to September, while consumption rose 2% to 527,880 tonnes. The deficit at 39.2% is marginally lower than 41.1% in the same period last year

Mr Satish Sharma, chairman of Automotive Tyre Manufacturers Association (ATMA), said that “The grim situation on the NR front continues. Domestic production continues to be far below the domestic demand.”

The Rubber Board had earlier projected NR production in 2017-18 at 8 lakh tonnes, a growth of 16% over the previous year. But ATMA said looking at the half-yearly data, production needs to grow at a rate of 24% year-on-year in the second half, which seems highly unlikely.

Mr Sharma said that “There is availability crunch despite the fact that domestic NR has been fetching higher prices than prevailing internationally.”

Source :

Posted By : Rabi Wangkhem on Thu, 07 Dec 2017
Related News from Auto segment