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Indian Tyre Manufacturers to Import NR

(India/Rubber Asia) Anticipating short supply of natural rubber in the coming months, Indian tyre manufacturers are to import at least 25,000 tonnes between April and September this year despite the fact that the foreign rubber is costlier by at least Rs 6 to 10 a kg (or even more), depending on where they buy it from.

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According D. Ravindran, director-general of the Automotive Tyre Manufacturers Association (ATMA), contracts have already been signed and consignments will begin arriving from April onwards. “We will take stock of the situation in April to see how the prices behave and, if necessary, we will import more,” he adds.

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The imports come after a lull of six months at a time when NR prices are on the ascent. The peak-tapping season is coming to an end while, for the tyre companies, the production season is just beginning.

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