In the backdrop of an increase in demand from the aftermarket, farm sector, two-wheeler and cars segments, tyre makers have started seeing their capacity utilisation reaching almost 80-90 per cent. However, companies are cautious on the outlook for the whole fiscal, as many variables may change.
Rajiv Budhraja, director general, Automotive Tyre Manufacturers' Association (ATMA) said that month-on-month demand is going up. Factors helping capacity utilisation include encouraging domestic replacement demand in passenger vehicles, two-wheelers and the farm segment, and a drop in ...
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