ENA Sectors 2025-07-30 16:47:56 <p><span style="font-size:14px"><strong>New Delhi, Jul 30 (KNN)</strong> Indias tyre exports to the United Kingdom touched Rs 732 crore in FY25, marking an 11 per cent rise from Rs 660 crore in FY24.</span></p> <p><span style="font-size:14px">The growth comes on the heels of the newly signed Comprehensive Economic and Trade Agreement (CETA) between India and the UK, which has eliminated all customs duties on Indian tyre and rubber product exports to Britain.</span></p> <p><span style="font-size:14px">The Automotive Tyre Manufacturers Association (ATMA) welcomed the agreement, calling it a major boost for the Indian tyre sector.</span></p> <p><span style="font-size:14px">With the removal of UK import duties, Indian tyre makers are expected to gain improved market access and increased price competitiveness in the UK&mdash;one of the key European destinations for Indian tyres.</span></p> <p><span style="font-size:14px">ATMA Chairman Arun Mammen said the move would strengthen Indian tyre manufacturers foothold in developed markets and build on the export momentum witnessed in recent years.</span></p> <p><span style="font-size:14px">Exports to the UK have consistently grown, rising from Rs 602 crore in FY23 to Rs 660 crore in FY24, and further to Rs 732 crore in FY25.</span></p> <p><span style="font-size:14px">The industry expects the duty-free status to accelerate export growth in the coming years. Meanwhile, the agreement has also taken steps to protect Indias domestic market.</span></p> <p><span style="font-size:14px">Imports of tyres from the UK will undergo a phased tariff reduction under the E10 staging category, with import duties gradually reduced over ten years.</span></p> <p><span style="font-size:14px">This dual approach, offering immediate export advantages while gradually opening the domestic market, ensures a balanced deal, said ATMA.</span></p> <p><span style="font-size:14px">It supports long-term sustainability by safeguarding domestic manufacturers while expanding global opportunities.</span></p> <p><span style="font-size:14px">With over Rs 25,000 crore worth of tyre exports in FY25 and strong R&amp;D and manufacturing capabilities, Indias tyre sector is poised to benefit significantly from the CETA deal.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 43003 https://knnindia.co.in/news/newsdetails/sectors/tyre-exports-to-uk-rise-11-hit-rs-732-crore-in-fy25 2025-07-30 16:47:56 knnindia.co.in