Industry News

Revenue growth of CV makers to moderate to 5-7% next fiscal: CRISIL

Operating margins seen steady with better realisation, stable commodity prices Commercial vehicle (CV) makers will see revenue growth moderating to 5-7% on-year next fiscal after an estimated ~9% rise this fiscal. This will be driven by price hikes as volume growth is expected to be modest for medium and heavy CVs (M&HCVs) and flattish for […]


Replacement demand to drive tyre volume up 6-8% this fiscal: CRISIL

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 […]


Indian tyre industry to double revenue to $22 billion by 2032

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 & […]


Auto dealers expected to clock 20-25% YoY revenue growth: CRISIL

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, […]