Economy

GST reduction on tyres enhance road safety, benefit consumers: ATMA

Automotive Tyre Manufacturers’ Association has hailed the Government’s decision to reduce GST rates on tyres. It is a -awaited move that will make tyres more affordable for users across all segments and contribute positively to road safety by encouraging timely tyre replacement and maintenance. Lower GST on tyres will translate into more affordable mobility for […]

Reduce GST on automotive tyres, don’t treat it on par with luxury goods: ATMA, ETCFO

Developed under a long-term agreement with UTAC, a global automotive testing and certification group, the site will feature dedicated tracks designed for real-world winter and all-season tyre testing. New Delhi, Automotive Tyre Manufacturers Association on Monday sought a reduction of GST rates on tyres for automobiles to 5 per cent from the current 28 per […]

Economy

Reduce GST on automotive tyres, don’t treat it on par with luxury goods: ATMA

 ATMA said it has also flagged concerns regarding potential accumulation of unutilised Input Tax Credit (ITC) with tyre dealers once rate changes are implemented. | Photo Credit: VENKATACHALAPATHY_C Automotive Tyre Manufacturers Association on Monday sought a reduction of GST rates on tyres for automobiles to 5 per cent from the current 28 per cent, while […]

Northeast gets grip on rubber for tyres

CHENNAI: Govt and industry’s efforts to extend natural rubber plantation to the northeastern states has started to bear fruit with the region’s (Tripura, Assam & Meghalaya) share in total production more than doubling to 17.5% in 2023-24 from 7.8% in 2013-14.Tripura’s rubber production has jumped to 91,500 tonne from 39,000 tonne in 10 years, data […]

Economy

ATMA seek ban on import of waste/scrap tyres into India

Voicing concern over the surge in imports of waste/scrap tyres into the country, Automotive Tyre Manufacturers Association (ATMA) has urged the government to take immediate steps to ban such shipments. The tyre industry pointed out that such imports have increased by over five times since FY21, posing significant environmental and safety risks. Quoting the data […]