Rating agency ICRA on Friday maintained a 'stable' outlook for the Indian tyre industry. Following a 12.0% and 5.5% growth in FY2018 and FY2019 respectively, domestic tyre demand is estimated to de-grow by 4-6% (volume) in FY2020 affected by sharp contraction in demand from original equipment (OE), ICRA said.
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ICRA maintains stable outlook on tyre industry
ICRA maintains stable outlook on tyre industry
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