ElmaJonson - China Automobile Expert-CNAUTO

The iStock report is based on an analysis of the top six tire manufacturers in China. CRISIL He said that manufacturers account for 80% of the Rs 750 billion industry. According to the CRISIL report, the capital expenditure of the tire manufacturers is expected to increase to around Rs 500 crore this fiscal due to improved demand. Compared to the previous two fiscal years, this fiscal year is about Rs. 3,700. crore with an improved annual growth rate. Demand is likely to be driven by segments such as replacement vehicles, commercial vehicles and passenger vehicles (CVs and PVs), and the credit profile of tire makers, excluding exports, is expected to remain “stable”, the rating agency said. CRISIL The report is based on an analysis of the country’s top six tire manufacturers, accounting for 80% of the Rs 7,500 crore industry. However, the report said the capex for the current fiscal will be lower than the annual average of about Rs 62 billion from 2018 to ...

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Capital expenditure of tyre makers to rise to Rs 5,000 cr this fiscal: CRISIL

Tyre companies hope for ‘achhe din’ with fall in Chinese imports