India’s Automotive Tyre Manufacturers Association (ATMA) reports that June 2024 saw actual natural rubber availability at merely 30,000 tons, falling significantly short of the projected 60,000 tons.
The crisis deepened in July, with ATMA noting an almost complete halt in natural rubber sales for most of the month. This scarcity has had wide-ranging impacts across the rubber industry, affecting both small and medium enterprises as well as major tire manufacturers.
Rajiv Budhraja, Director General, ATMA, highlighted the severity of the situation, stating, “Some tire plants of ATMA member companies have witnessed production sliding over 10 per cent in July owing to the natural rubber crunch. Production planning is in total disarray.”
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