MUMBAI (Commodity Online): The boost in the automobile industry in India prompted the natural rubber production during April-August period. The country produced nearly 29% more rubber during the period as against the previous year.
All major tyre companies produced a total of 47.1 million tyres during April-August period.
According to the Automotive Tyre Manufacturers Association (ATMA), automobile industry was shown a whopping 65% growth in the scooter segment while 44% and 43% in three-wheeler tyre and passenger car segment, respectively.
Despite a sharp rise in natural rubber (NR) prices, production grew due to the rise in commercial vehicle sales.
The Society of Indian Automobile Manufacturers (SIAM) data said that the sale of commercial vehicles rose 41.59% in April-September of the current year. Car sales increased 33.58% while two-wheelers saw an increase of 25.86%
Friday, October 22, 2010
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