Auto sales in both the U.S. and China continued to rise in June but at a slower pace than the previous month.
China s auto sales surged 30.45% year on year to 7.18 million units in the first half of the year, keeping Chinas position as the world's largest auto market intact. U.S. auto sales also grew in June from the depressed level of year earlier.
Light vehicle sales rose 14% to 983,738 units in June up from last year, Vietnam exported 239,000 tonnes of rubber worth US$656 million in the first half of the year, with earnings 82.5 per cent higher year-on-year, according to the general secretary of the Viet Nam Rubber Association.
Tata Motors and Ashok Leyland have blamed the shortage of tyres in Indian market for increasing imports from China. The average monthly off take by OEMs in fiscal 2008 was 218 thousand tyres, which fell to about 144 thousand in fiscal 2009 due to the global slowdown. The figure recovered to 187 thousand in the last fiscal and for the first two months of the current year, demand has been at 230 thousand tyres a month.
China's natural rubber imports in June declined 7.7% compared with the same month last year, to 120,000 metric tons, the General Administration of Customs said Saturday. June's natural rubber imports were up 33% from May, when 90,000 tons were imported, the data showed.
In the January-June period, natural rubber imports rose 1% on year to 840,000 tons. China is the world's biggest importer of natural rubber and sources most of its supplies from Thailand, Indonesia and Malaysia the world's leading natural rubber producers.
The Indian tyre industry has asked the government to impose customs duty on natural rubber on a fixed basis, rather than ad valorem, on account of soaring prices of the commodity. Such a change in tariff rates was recently introduced in China to make the domestic tyre and rubber-producing interests more competitive and viable, industry sources pointed out.
China s auto sales surged 30.45% year on year to 7.18 million units in the first half of the year, keeping Chinas position as the world's largest auto market intact. U.S. auto sales also grew in June from the depressed level of year earlier.
Light vehicle sales rose 14% to 983,738 units in June up from last year, Vietnam exported 239,000 tonnes of rubber worth US$656 million in the first half of the year, with earnings 82.5 per cent higher year-on-year, according to the general secretary of the Viet Nam Rubber Association.
Tata Motors and Ashok Leyland have blamed the shortage of tyres in Indian market for increasing imports from China. The average monthly off take by OEMs in fiscal 2008 was 218 thousand tyres, which fell to about 144 thousand in fiscal 2009 due to the global slowdown. The figure recovered to 187 thousand in the last fiscal and for the first two months of the current year, demand has been at 230 thousand tyres a month.
China's natural rubber imports in June declined 7.7% compared with the same month last year, to 120,000 metric tons, the General Administration of Customs said Saturday. June's natural rubber imports were up 33% from May, when 90,000 tons were imported, the data showed.
In the January-June period, natural rubber imports rose 1% on year to 840,000 tons. China is the world's biggest importer of natural rubber and sources most of its supplies from Thailand, Indonesia and Malaysia the world's leading natural rubber producers.
The Indian tyre industry has asked the government to impose customs duty on natural rubber on a fixed basis, rather than ad valorem, on account of soaring prices of the commodity. Such a change in tariff rates was recently introduced in China to make the domestic tyre and rubber-producing interests more competitive and viable, industry sources pointed out.
