New Delhi, January 11, 2018: The domestic Tyre industry is expected to post volumes growth of 7-8 per cent to 1,805 lakh tyres during FY 2018, despite the weak volumes during Q1 and part of Q2 during GST roll-out.

According to rating agency ICRA note, in tonnage terms, tyre demand is estimated to grow by 7 per cent during FY2018 supported by pick-up in trucks and buses (T&B) replacement demand after over two years of weak growth and; for FY2019, the unit and tonnage growth is pegged at 8-8.5 per cent and 6.5-7 per cent respectively.

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