India cuts restrictions on radial tyre imports

ERJ staff report (DS)

New Delhi -- India's Directorate General of Foreign Trade has removed radial tyres from the list of restricted items for import. Radials were placed on the list in November 2008.

The government has become concerned over the price increases imposed by domestic manufacturers, and how these increases have affected domestic inflation figures. Furthermore, domestic truck makers have complained to the government over shortages of radial truck tyres, suggesting that Indian suppliers have deliberately been restricting production in order to increase prices.

India's tyre manufacturers' Association ATMA has criticised the move.

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Website of DGFT from Indian Commerce Ministry

Govt frees import of radial tyres from The Hindu Business Line (India)

Govt removes curbs on radial tyre imports from Ekmulakat news (India)