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India's Tire Industry to Grow in Next Five Years, an Industrial Info Market Brief

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Industry Segment: Market Brief | Word Count: 88 Words

India's automotive tire industry will experience 7% to 9% growth in the coming years, with capital expenditure of 20,000 crore rupees (US$2.8 billion), according to The Economic Times. Due to growing tire demand, big companies like MRF, Ceat and Maxxis are investing in this sector. India's entire automotive industry is the fourth-largest in the world, and is expected to become the third-largest by 2021.

Industrial Info is tracking 26 automotive tire projects in India worth US$2.05 billion. Click here for the list of projects.

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