Production volume of Indian tyre makers is set to rise 6-8% on-year to a new high of 2.7 million tonne in fiscal 2024, driven mainly by higher replacement demand, and steady demand from commercial vehicles (CVs) and passenger vehicles (PVs). This, even as exports could see a decline. Production volume growth this fiscal, while moderating […]
Higher demand for vehicles, infrastructure development to spur growth The Indian tyre industry is on course to more than double its revenue to $22 billion by fiscal 2032 from $9 billion in fiscal 2022, according to a report by the Automotive Tyre Manufacturers’ Association (ATMA), based on a comprehensive study by CRISIL Market Intelligence & […]
Automobile dealers are set to clock their fastest revenue growth in three fiscals with sales accelerating 20-25% on- year on the back of 12-14% volume growth, riding on five cylinders that have been firing well — increasing preference for personal mobility, higher economic activity, easing supply-side constraints, shift in product mix towards higher priced vehicles, […]
Lockdown will dent auto aftermarket spend by 11% in the top 75 districts this fiscal The economic crisis brought on by the extended lockdown to contain the Covid-19 pandemic is expected to whip up the woes of the auto-component industry (including tyres, engine oil and lubricants) this fiscal. The industry, which has been battling a […]