India’s tyre exports are getting help from the anti-China sentiment sweeping different parts of the world.
The 25%-37% anti-dumping duty slapped by the US on Chinese tyres and the 5%-15% anti-dumping duty imposed by most Latin American countries has opened up fresh opportunities for Indian tyre exporters.
JK Tyre has used this opportunity to increase its second quarter export sales by 16% to Rs 337 crore.
“We have seen robust demand from the US and Latin America. The anti-dumping duty imposed by the US and all the Latin American countries (on Chinese tyres) has helped us enhance our exports. The anti-China sentiment is percolating in most of these places. Chinese tyres were cheaper than Indian tyres but their performance, safety was not comparable and this is a big plus point,” said AK Bajoria, president, JK Tyre.
