Anshuman singhania, Wholetime Director of JK Tyre & Industries

New Delhi, June 26 India's tyre sector is seeking effective collaboration with raw material partners to harness its potential, industry body Automotive Tyre Manufacturers Association (ATMA) said.According to ATMA Chairman Anshuman Singhania, Managing Director JK Tyre & Industries, India's tyre industry has an immense growth potential in the emerging new world order.However, an effective collaboration between the industry and raw material partners is imperative to harness this potential, Singhania said at the ATMA Partners' Summit held recently."As a key sector of the economy, tyre industry has displayed resilience to bounce back after every challenging phase. Last year, the growth plummeted in the first quarter in view of the lockdown. However the industry staged a strong recovery in the subsequent quarters and the supply side was under stress to meet the demand," he was quoted as saying in a statement."This year again we have witnessed a slowdown in the months of May and June. But I am hopeful of recovery soon as the process of unlock has begun in earnest and the vaccination drive is gathering momentum."He exhorted the supply chain partners to keep pace and support the recovery in demand projected for tyres in the coming quarters.As per the statement, a key highlight of the event were the high-profile industry presentations made by Indian Synthetic Rubber (ISRPL), Synthetic Rubber Business of Reliance Industries (RIL) and ExxonMobil on segments such as SBR, PBR and Butyl Rubber respectively.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Anshuman SinghaniaFOLLOW

Anshuman singhania, Latest News

International :Tyre industry seeks raw material partners to unleash growth

New Delhi, June 26 India's tyre sector is seeking effective collaboration with raw material partners to harness its ... ...