Changing the tyres of your luxury car just got tougher
Changing the tires of your luxury car just got tougher If you are the owner of a premium car and are now scouting for replacement tires, you may be in for a deep disappointment. Six months after India’s government brought in tough measures to restrict the import of tires into the country, the aftermarket for superior quality tires used in luxury cars is reeling under an acute shortage. The dealers who used to import ultra-high performance tires and served the replacement segment till recently are out of business now. Most of the tires, having sizes of 17 inches and above, came from China, Thailand, Malaysia, and European countries. The June 12 notification from the Directorate General of Foreign Trade (DGFT) that imposed curbs on imports of certain new pneumatic tires has raised a big question mark on the replacement market. The move, meant to promote domestic manufacturing, put tires under the restricted category and it meant that an importer now requires a license from the DGFT...