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