Automotive Tyre Manufacturers Association (ATMA) elected KM Mammen, Chairman and Managing Director, MRF Ltd as its Chairman and Satish Sharma, President (Asia Pacific, Middle East and Africa) of Apollo Tyres Ltd as Vice-Chairman.
KM Mammen will take over from Raghupati Singhania, who is also the Chairman and Managing Director of JK Tyres & Industries.
He has held various executive positions in business associations in the country, including President of the Indo Australian Chamber of Commerce. He is currently an executive member on the board of FICCI and a member on the Board of the Madras Christian College.
KM Mammen said,
He is stepping in at a critical juncture for the industry. The prevailing inverted duty structure which allows cheap import of tyres while making raw material, rubber, imports expensive is a major concern.
Set up in 1975, ATMA is amongst the most active national industry bodies in the country representing ₹50,000 crore ($8 billion) automotive tyre industries.
Eleven tyre companies comprising Indian and international tyre majors and representing over 90 per cent of production of tyres in India are members of ATMA. These include Apollo Tyres, Birla Tyres, Bridgestone India, Ceat, Continental India, Goodyear India, JK Tyre & Industries, Michelin, MRF, TVS Tyres and Yokohama.
