Icra expects tyre sector revenues to grow by 7-9% in FY24
The rating agency pegs the domestic tyre demand growth at 6-8 per cent for FY2024, supported by stable growth in the replacement segment and sustained demand momentum in the OEM segment, Icra said in a statement.
Segment-wise, commercial vehicles shall benefit from the increasing traction in the infrastructure and construction segments, she added, Pic- Reuters