 "India witnesses an upswing in truck and bus radial tyres import")
Tyremakers in India have lined up an aggressive capacity expansion plan to meet the growing demand from automobile manufacturers and replacement market after fully recovering from demonetisation and the GST (goods and services tax).
A total of Rs 136.4 billion is expected to be pumped in by the tyremakeres over the next 7-10 years. A substantial portion of this expansion, the first in the past five to seven years, would be used for creating greenfield facilities.
RPG Group’s Ceat Tyres plans to increase its existing output by 35-40 per cent. Besides ramping up its capacity for bus and truck radials
