BW Business World

Tyre exports from India grew by 10 per cent in value terms in 2020-21 to touch Rs 14,097 crore, industry body Automotive Tyre Manufacturers Association (ATMA) said on Thursday.
Citing the latest data released by the Ministry of Commerce, ATMA said in volume terms tyre exports went up by 8 per cent and reached 3.64 crore units in the last fiscal.
The growth in exports comes against the backdrop of disruption in international trade due to the coronavirus pandemic that led to a sharp contraction of 23 per cent in tyre exports from India in the Q1 of FY21, it said in a statement The spectacular rise in exports of tyres during a challenging year bears testimony to the resilience of the industry to bounce back despite a tough environment,’ ATMA Chairman Anshuman Singhania said.
Steps taken up by the government such as curbs on indiscriminate import of tyres helped the industry increase its export competitiveness, ATMA said adding, ‘Indian manufactured tyres are now exported to over 170 countries in the world, including some of the most discerning markets in North America and Europe.’ ATMA said the top five export markets for Indian manufactured tyres in FY21 were US, Germany, France, Italy and the UK, with shipments to each of these countries growing by double digits ‘The US continues to be the largest market for Indian Tyres accounting for 17 per cent of total tyres exported from the country during the year,’ it said.

Tyre Industry Welcomes Rollout

CSR INITIATIVES

Because everything we say and do is the length and shadow of our own souls, our influence is determined by the quality of our being – Dale Turner.
We truly live by the above adage and consider environment and society as the pillars for growth of a company. We convert scrap tyres and tubes into swings which are installed at vicinity Government schools to provide learning opportunities for the marginalized sections of the society. It also takes care of the physical fitness of the children as we run training programs to motivate and up skill teachers for conducting creative games and exercises by using tyre tubes. The school furniture is also sponsored by the company with innovative use of tyres. It not only enables efficient management of waste but also fosters education, health and mental well-being of the kids.
The education wing of Dewan Group is consistently running sanitation and hygiene programs in several Government schools at nearby villages to promote the concept of ‘Swaccha Bharat’ and ‘Education for All’.
Many other programs are in the offing to promote holistic health and societal development in the neighboring villages.