The Tyre Production in India is anticipated to reach 191 Million Units by the end of FY 2016

The Indian Tyre industry has been witnessing tremendous growth for the past few years on account of growth in automobiles demand, especially in passenger vehicles and two-wheeler segments. In fact, availability of raw material (natural rubber) and ultramodern production facilities has led the country to emerge as one of the world’s most competitive tyre markets. Driven by the strong demand in automobile OEM sector and replacement market, the India tyre industry has been witnessing stupendous growth from since the last two fiscal years. Further, according to our research report, “Indian Tyre Industry Forecast to 2015”, the tyre production in India is anticipated to reach 191 Million Units by the end of FY 2016.

 

To Know More - Indian Tyre Industry Forecast to 2015