Tyre industry looks up
Despite posting weak numbers in the first half of FY2017-18 largely due to GST uncertainties and de-stocking by dealers, traction in the domestic tyre industry is expected to recover in latter half of FY2018-19. Credit rating agency ICRA expects the tyre industry to post volume growth of up to eight per cent, posting unit volumes of nearly 1,805 lakh tyres[Read More…]