TyreExpo India offers trade opportunities

ERJ staff report (DS)

Chennai, India -- International buyers from Europe, Asia, the US, South America, South Africa and the Middle East will offer new export sales opportunities for domestic exhibitors at next year's Tyrexpo India, scheduled for Chennai from 9 - 11 July, 2013. The opportunity will be particularly significant for Indian tyre makers hit by a slow-down in domestic OE demand and sluggish replacement sales, affected by higher tyre prices.

Tyrexpo India organisers, ECI International, believe that Indian manufacturers are increasingly looking to overseas markets to make up the shortfall in domestic sales volumes, a strategy they say will be helped by the presence of hundreds of international tyre buyers and distributors at the exhibition in Chennai next July.

This trend to a greater focus on export sales is supported by data for the last financial year from India's Automobile Tyre Manufacturer's Association (ATMA), which showed overseas tyre sales increasing by 30 percent.

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Press release from organisers of TyrExpo India