Growth in the tyre after-market, or replacement of worn out ones, along with exports have helped tyre makers buck the slowdown in the automotive industry, which is in the throes of the worst demand slump in 20 years. The segment posted small single-digit growth in Q1 after closing FY18-19 with an 11% increase in revenues.
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Saturday 31 August 2019
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Tyre companies keep rolling on replacements
Tyre companies keep rolling on replacements
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