India Boosts Tyre Mfg, Restricts Imports
With the strategy to curb imports and boost domestic companies, the government has restricted imports of tyres including radial and tubeless, utilized for cars, buses, lorries, motorcycles, station wagons, racing cars, scooters, multi-cellular polyurethane tubeless tyres, and bicycles. Imports of tyres were worth approx. `19,880 crore in 2019-20, as against approx. `25,218 crore in 2018-19.