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OEM Update

Tyre firms plan more investment in 2010

March 11, 2010 7:33 am

“In line with growing demand, tyre companies are likely to make significant increase in their capex plans in 2010-11, to expand capacity and meet product demand.”
 
Increasing demand in the auto sector in the face of a recovering economy may help the country’s tyre industry to clock 7-8 per cent growth in FY11. Also, in line with growing demand, tyre companies are likely to make significant increase in their capex plans in 2010-11, to expand capacity and meet product demand. 

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