{"id":2515,"date":"2017-01-10T15:02:17","date_gmt":"2017-01-10T09:32:17","guid":{"rendered":"http:\/\/www.tyremarket.com\/tyremantra\/?p=2515"},"modified":"2023-09-12T17:17:33","modified_gmt":"2023-09-12T11:47:33","slug":"chinese-tyre-sales-stalled-by-demonetisation","status":"publish","type":"post","link":"https:\/\/www.tyremarket.com\/tyremantra\/chinese-tyre-sales-stalled-by-demonetisation\/","title":{"rendered":"Chinese Tyre Sales Stalled By Demonetisation"},"content":{"rendered":"<p>Amid demonetisation, the sales of Chinese tyres in India has taken a heavy toll. The sales that were steadily going on at 40% growth have now slowed by a significant 17% since November, 2016.<\/p>\n<p>According to industry specialists, the reason for the slowdown is the fact that the business was generally conducted in cash and the lack of cash has resulted in the decrease of Chinese tyres sales in the Indian market for the last two months. This has also meant that Indian tyre manufacturers (who have had their issues with the sale of Chinese tyres in the market) can now breathe a sigh of relief, at least for the 1st quarter of 2017.<\/p>\n<p>According to Rajiv Budhraja, Director General, <strong>Automotive Tyre Manufacturers&#8217; Association<\/strong> (ATMA), Chinese tyres are largely traded in cash, as they don&#8217;t do any billing to avoid duties and taxes. ATMA represents eleven large companies in India, which collectively account for over 90 percent of the country&#8217;s tyre production. He also said, that because of demonetisation the exchange rates were not stable and this will impact the importers and dealers too.<\/p>\n<p>Gaurav Kumar, chief financial officer, Apollo Tyres, said that the demonetisation announcement would have some impact on tyre sales, particularly in rural markets as they typically happen in cash. For several other industries, this would have a short-term impact.<\/p>\n<p>While <a href=\"https:\/\/www.tyremarket.com\/Apollo-Car-Tyres\"><strong>Apollo Tyres<\/strong><\/a>, CFO, Gaurav Kumar believed that the demonetisation affected the rural markets particularly as there the transaction mostly takes place in cash.<\/p>\n<p>Indian tyre manufacturers will get some respite for few months as the competition with the \u201ccheap Chinese tyres\u201d will be lessened. But, they are not yet happy their appeal for \u201canti-dumping duty\u201d against Chinese tyres is yet not heard by the government. According to Budhraja, the government is yet to act on the industry&#8217;s petition, and no action has been taken so far.<\/p>\n<p>China is dumping its tyres, which are priced 40-50 percent lower than Indian ones, thereby affecting the domestic industry. Over the past two years, Indian tyre prices have come down 10 and 15 percent and are still climbing down. Despite that, Chinese ones are about 30 percent cheaper.<\/p>\n<h4 style=\"text-align: center;\"><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>Amid demonetisation, the sales of Chinese tyres in India has taken a heavy toll. The sales that were steadily going on at 40% growth have&#8230;<\/p>\n","protected":false},"author":4,"featured_media":1288,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[4],"tags":[333,1154,1088,996,432,1304,1481,1216,390,1482],"class_list":["post-2515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-apollo-tyres","tag-automotive-tyre-manufacturers-association-atma","tag-buy-tyres-in-india","tag-car-news","tag-chinese-tyres","tag-demonetisation","tag-rajiv-budhraja","tag-rubber-industry-news","tag-tyre-industry-news","tag-tyre-sales-2017-india"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Tyre Industry News: Chinese Tyres Sales Stalled By Demonetisation<\/title>\r\n<meta name=\"description\" content=\"Amid demonetisation, the sales of Chinese tyres in India has taken a heavy toll. 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The sales that were steadily going on at 40% growth have now slowed...\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.tyremarket.com\/tyremantra\/chinese-tyre-sales-stalled-by-demonetisation\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Tyremarket : Tyre News, Review &amp; Guide\" \/>\r\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/tyremarketindia\" \/>\r\n<meta property=\"article:published_time\" content=\"2017-01-10T09:32:17+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2023-09-12T11:47:33+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/www.tyremarket.com\/tyremantra\/wp-content\/uploads\/2016\/09\/car-tyres-63928_1920-Cropped-e1475052647129.jpg\" \/>\r\n\t<meta property=\"og:image:width\" content=\"729\" \/>\r\n\t<meta property=\"og:image:height\" content=\"410\" \/>\r\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\r\n<meta name=\"author\" content=\"Ankit verma\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:creator\" content=\"@tyremarketindia\" \/>\r\n<meta name=\"twitter:site\" content=\"@tyremarketindia\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ankit verma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/chinese-tyre-sales-stalled-by-demonetisation\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/chinese-tyre-sales-stalled-by-demonetisation\\\/\"},\"author\":{\"name\":\"Ankit verma\",\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/#\\\/schema\\\/person\\\/622e94976c8daee44e969fe0577d2380\"},\"headline\":\"Chinese Tyre Sales Stalled By Demonetisation\",\"datePublished\":\"2017-01-10T09:32:17+00:00\",\"dateModified\":\"2023-09-12T11:47:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/chinese-tyre-sales-stalled-by-demonetisation\\\/\"},\"wordCount\":359,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/chinese-tyre-sales-stalled-by-demonetisation\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/wp-content\\\/uploads\\\/2016\\\/09\\\/car-tyres-63928_1920-Cropped-e1475052647129.jpg\",\"keywords\":[\"Apollo tyres\",\"Automotive Tyre Manufacturers Association (ATMA)\",\"Buy Tyres In India\",\"Car News\",\"Chinese Tyres\",\"Demonetisation\",\"Rajiv Budhraja\",\"Rubber Industry News\",\"Tyre Industry News\",\"Tyre Sales 2017 India\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/chinese-tyre-sales-stalled-by-demonetisation\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/chinese-tyre-sales-stalled-by-demonetisation\\\/\",\"url\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/chinese-tyre-sales-stalled-by-demonetisation\\\/\",\"name\":\"Tyre Industry News: Chinese Tyres Sales Stalled By Demonetisation\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/chinese-tyre-sales-stalled-by-demonetisation\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/chinese-tyre-sales-stalled-by-demonetisation\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/wp-content\\\/uploads\\\/2016\\\/09\\\/car-tyres-63928_1920-Cropped-e1475052647129.jpg\",\"datePublished\":\"2017-01-10T09:32:17+00:00\",\"dateModified\":\"2023-09-12T11:47:33+00:00\",\"description\":\"Amid demonetisation, the sales of Chinese tyres in India has taken a heavy toll. 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When all the other kids would break downhill I would pedal harder just to go faster and enjoy the thrill. Adding to my interest for speed, I grew engrossed in the working mechanics of two wheelers thanks to my father as he is a hydraulic mechanic and would take me along with him on his repair sessions. Eventually I became familiar with the tools and basic technical concepts of two wheelers.Super sport and sport tourers are more of my liking and the sparks to these flames were ignited the first time I experienced the maddening power of a Yamaha YZF R1. I was just 14 years old at the time and got to ride as a pillion with an older acquaintance. This one short ride influenced my every decision in terms of the bikes I want to own. As of today I\u2019m 26 years old and a proud owner of a Yamaha Fz15 version 2.0 and a Kawasaki Ninja 650 2014 model having clocked a decent 30k Kms only while touring, waiting to clock 1000s more as riding makes me feel whole again after enduring the dismal routines of life.\",\"sameAs\":[\"http:\\\/\\\/tyremarket.com\"],\"url\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/author\\\/ankit_verma\\\/\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tyre Industry News: Chinese Tyres Sales Stalled By Demonetisation","description":"Amid demonetisation, the sales of Chinese tyres in India has taken a heavy toll. 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