Tyre Industry Seeking Easy Availability of Natural Rubber

by Editor News


In a letter to the commerce ministry, the tyre industry has urged the Central Government to make the Availability of Natural Rubber effortless for consuming benefits.

availability-of-natural-rubber-for-tyres

Shortage of raw materials is creating panic among all the tyre manufacturers in the country. With a decline in the domestic natural rubber (NR) production, there is a 45 per cent gap left between the demand and supply in the country.

In a letter to the commerce ministry, the tyre industry has urged the Central Government to make the Availability of Natural Rubber effortless for consuming benefits.

Rajiv Budhraja, director general of Automotive Tyre Manufacturers Association (Atma) said,

“For the first time, the NR consumption in India has crossed the mark of 10 lakh tonne in the first 10 months of a fiscal year, recording an average monthly consumption of 1 lakh tonne. The commitment of the tyre industry to increase production footprint in the country needs to be supported by increasing the supply of raw materials, or otherwise, it will leave the domestic manufacturing uncompetitive.”

Looking at the latest figures released by the Rubber Board, India’s consumption of natural rubber has reached 10.2 lakh tonne in the time period of April 2018 to January 2019. During the same time period, the production stood at 5.6 lakh tonne that led to a gap of 45 per cent.

The consumption of Natural rubber from April 2018 to January 2019 has increased up to 12 per cent, while its production has decreased by 7 per cent in the April 2018 to January 2019 period. The production and consumption gap of natural rubber for the period in the previous year was at 3.16 lakh tonne, which had moved up to 4.63 lakh tonne in the present financial year.

According to ATMA, the natural rubber consumption in India is likely to surpass the projection of 12 lakh tonne made by the Rubber Board for the year 2018-19. According to Budhraja, the domestic NR production suffices only 55% of the total NR consumption in the country.

The imports of natural rubber in the country have increased by 30% as compared to the previous year, leaving the tyre industry worried about raw material sourcing.

 

 
 

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