Goodyear planning 300 shop-in-shop outlets

 He said apart from passenger car tyres, commercial vehicles tyres were also a major contributor to the revenue as they had a higher weightage in terms of value.

 Other tyre companies commanding Rs 1,000-crore sales include MRF, Apollo, JK Industries and Ceat, though almost all of them are way ahead of the four-figure threshold number.

 He said the company expected to grow faster than the industry at a growth of about 17-18%. "The industry is expected to grow at around 15% and we would grow 2-3% higher than that," he said.

 Even as the automobile industry expands, tyre companies in India are facing high costs of inputs as prices of rubber and other petro-based ingredients have increased many times. Many of them, including J K Industries and Apollo, have already announced price hikes as margins have come under severe pressure.