The government has levied a countervailing duty (CVD) on truck and bus radial tyres originating from China. The duty amounts to 9.117.57% of the tyre's CIF value. The levy is aimed at protecting Indian tyre manufacturers from Chinese players which are subsidized by Chinese Government to promote exports. Chinese tyres form about 10% of the domestic CV tyres market. However, as per our understanding CVD is unlikely to have a material reduction in the Chinese tyre prices. As per The Association of Tyre Manufacturers Association (ATMA), CVD will be triggered in only some instances...