DEMAND FROM OEMS IN PV, 2W TO PUSH UP TYRE VOLUMES BY 4-6%
The Business Guardian|May 12, 2024
India’s domestic tyre volume growth is expected to moderate to 4-6 per cent in FY2025 from an estimated 6-8 per cent in FY2024 on the back of elevated base and subdued growth in the commercial vehicle (CV) segment.
DEMAND FROM OEMS IN PV, 2W TO PUSH UP TYRE VOLUMES BY 4-6%

However, domestic demand from original equipment manufacturers (OEMs) in certain consumer segments like passenger vehicles (PV) and two-wheeler (2W) as well as replacement is expected to remain healthy, supporting overall tyre volume expansion in FY2025, according to ICRA.

This story is from the May 12, 2024 edition of The Business Guardian.

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This story is from the May 12, 2024 edition of The Business Guardian.

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