SpencerSheridan - China Automobile Expert-CNAUTO

Raghupati Singhania, chairman and managing director of JK Tyres, said on Tuesday that the domestic tire industry is expected to register a double-digit growth in the next fiscal as the automobile sector as a whole recovers. He pointed out that JK Tyres launched its tire brand Levitas last Tuesday To cater to the luxury car market, Ultra is also following the growth path of the industry and is also expected to register double-digit sales growth in the next fiscal year. “The tire industry has gone through a difficult period over the last few years as COVID-19 has shrunk slightly in the automotive sector. Now, with economic activity becoming more vibrant, improvements in the tire industry are coming full circle.” Singhania said. He pointed out that demand in most segments of the domestic automotive industry remains strong. Sinhania said the industry has also benefited greatly from the government’s efforts to develop local manufacturing. He noted, “Do...

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Const machinery & Agro equipment

Domestic tyre industry back on growth path; expected to see double-digit growth in FY24: JK Tyre CMD

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