India's Tyre Sector Opposes Free Trade Liberalisation

21 May 2024 CW Team

The Automotive Tyre Manufacturers' Association (ATMA) has raised concerns about the potential liberalisation of tyre imports through free trade agreements. The association emphasised that India's domestic tyre manufacturing capacity is sufficient to meet the country's demand and any move to liberalise imports could negatively impact the local industry.

ATMA's chairman, Satish Sharma, highlighted that the domestic industry has invested heavily to enhance its production capabilities and quality standards. He argued that liberalising tyre imports would undermine these investments and harm local manufacturers who have built substantial capacity to cater to both domestic and international markets.

The association also pointed out that India's tyre industry contributes significantly to the economy, providing employment and supporting ancillary industries. The import restrictions currently in place help protect these economic contributions. Furthermore, ATMA suggested that easing import restrictions could lead to an influx of substandard tyres, posing safety risks to consumers.

ATMA's stance comes amid discussions about India's trade policies and the potential for new trade agreements with various countries. The association urged the government to consider the potential repercussions on the domestic tyre sector before making any decisions regarding import liberalisation.

In conclusion, ATMA strongly advocated for maintaining the current import restrictions to safeguard the interests of the domestic tyre industry and ensure continued growth and safety in the sector.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..