Tyre Market in India Poised With Staggering Growth
According to a new research report by RNCOS, India has emerged as one of the world’s most competitive tyre markets due to vast availability of raw material (natural rubber) and ultramodern production facilities. However, the FY 2009 was a quite disturbing period for the industry as the tyre demand-supply was severely hit by recession. Nonetheless, the effect of recession did not last long and the industry posted a remarkable growth in FY 2010.
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