Harting
Harting

Do you want to advertise here? Contact us

LMW
LMW

Do you want to advertise here? Contact us

OEM Update
.

Indian tyre industry Growth expected at a CAGR of 8.21% till FY13

By admin July 31, 2009 10:41 am

Indian tyre industry Growth expected at a CAGR of 8.21% till FY13
 
The Indian Tyre Industry Report gives current status and emerging trends in the industry. The industry was on a smooth ride till FY08. The tonnage production registered a 5-year Compounded Annual Growth Rate (CAGR) of 8.02 per cent between FY03-08. The largest category of Truck & Bus (T&B) tyres recorded a 5-year CAGR of 5.90 per cent while Light Commercial Vehicle (LCV), motorcycle and car tyre categories grew at 13.34 per cent, 12.27 per cent and 13.98 per cent, respectively in this period.
  
However, as the economy in general and automobile industry in specific slowed down in FY09, the tyre demand too came under pressure. In the first nine months of FY09, the industry managed a tonnage growth of only 2.19 per cent against a growth of 7.38 per cent in the same period last year. The tyre off-take to the Original Equipment Manufacturers (OEMs) declined by 6.17 per cent during this period. The T&B tyre category was the worst affected with the total off-take of these tyres declining by 0.01 per cent in the first nine months. Also, in the face of global slowdown and stiff Chinese competition, the export market off-take declined by 9.82 per cent during this period.
 
On the face of these demand-side pressures, the tyre industry saw production adjustments from all the major players in the last couple of months. The government too tried to provide external stimulus by effecting 6 per cent excise duty cut across industries (the excise duty for tyres was brought down from 14 per cent to 10 per cent w.e.f. December 7, 2008, and then further reduced to 8 per cent w.e.f. February 25, 2009.
 

Advertising

OEM Android App

Your future advertising space? Our media data

Cookie Consent

We use cookies to personalize your experience. By continuing to visit this website you agree to our Terms & Conditions, Privacy Policy and Cookie Policy.

Tags:
Webinar
Webinar

Do you want to advertise here? Contact us

OEM Update QR Code
OEM Update QR Code

Events

Clean India Show
Clean India Show
Factory Automation Expo
Factory Automation Expo
India Essen Welding and Cutting Expo
India Essen Welding and Cutting Expo
Logimat India
Logimat India
Metal Forming Expo
Metal Forming Expo

eMagazine November 2024

eMagazine November 2024
eMagazine November 2024

Do you want to advertise here? Contact us

Our Sponsors

DIRAK
DIRAK
Pragati Gears
Pragati Gears
Carl Zeiss India
Carl Zeiss India
STMCNC
STMCNC
Nord
Nord
Messer Cutting
Messer Cutting
Atos Profilo
Atos Profilo
Fronius
Fronius
SCHMALZ
SCHMALZ
Sigma-Weild
Sigma-Weild
Mallcom
Mallcom
igus
igus
DH Secheron Electrodes
DH Secheron Electrodes
Timken India
Timken India
UNP Polyvalves India Pvt Ltd
UNP Polyvalves India Pvt Ltd
ENS Oils & Lubricants
ENS Oils & Lubricants
Super Slides
Super Slides
Autonics
Autonics
Fuel Instruments  Engineers
Fuel Instruments  Engineers
Velvex
Velvex
Universal Orbital
Universal Orbital
Chicago Pneumatic Tools
Chicago Pneumatic Tools
MMC Hardmetal Pvt Ltd
MMC Hardmetal Pvt Ltd
Mennekes
Mennekes
ACD Machines
ACD Machines
TruCut
TruCut
tectyl
tectyl
BKT Tires
BKT Tires
Fibro India
Fibro India
Deceler
Deceler
Balluff
Balluff
Urgo Capital
Urgo Capital
Amsak Cranes
Amsak Cranes
Molygraph
Molygraph
SKS Welding
SKS Welding
pioneer Cranes
pioneer Cranes
Exorint
Exorint
Schmersal India
Schmersal India
Exon mobil
Exon mobil