ERJ staff report (DS)
Mumbai, India -- A new report suggests the Indian tyre industry will register annual tonnage growth of 9-10 percent during the next five years (FY 07-12). The truck & bus and LCV tyre category are expected to register a CAGR of 8 percent and 14 percent respectively (FY 07-12).
The report from an Indian credit agency, Credit Analysis & Research Ltd., says The Indian Tyre Industry produced 73.6 million units of tyres (1.1 million tonnes) garneringRs. 190 000 million (Euro 3280 million) in FY 07. MRF Ltd. was the market leader (22% market share) followed closely by Apollo Tyres Ltd. (21%). The other major players were JK Tyres &Industries Ltd (18%) and Ceat Ltd. (13%).
The repor said, "CEAT Ltd. is increasing its OTR (Off-road) capacity at its Nasik plant from 60000 to 100000 tyres by end 2008, JK Tyres & Industries is expanding its OTR capacity from 25000 tyres to 42000 tyres by end 2008, even smaller player like Falcon tyres is making its foray into the OTR category."
CARE Research expects the tyre industry to register a tonnage growth of 9-10% in the next five years (FY 07-12). The truck & bus and LCV tyre category are expected to register a CAGR of 8% and 14% respectively (FY 07-12).
This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.
Press release from CARE research