ICRA, an Indian independent and professional investment information and credit rating agency has recently said that the domestic tyre demand is expected to grow. According to the agency, this growth is expected to be between the range of 7–9 percent over the next 5 years period, during 2019–2023. The rating agency also added that the market would also witness a good amount of investments over the next 3 years.
K. Srikumar, ICRA Vice President and Co-Head, Corporate Ratings stated that with a stable demand outlook and strong credit profile, the domestic tyre manufacturers will continue to invest in capacities of over INR. 20,000 crores in the next 3 years.
The revenue growth for the tyre industry is expected to be around 14% to 15% for the 2018–2019 period with an operating margin and net margin of 14% and 7% respectively. From 2019–2023, the revenue growth is projected at 9–10% with operating and net margins at 14–15% and 6–7% respectively, said Mr. Srikumar.
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Author: Ankit verma
My need for speed began at a very early age and I realised this as soon as I got my first bicycle at the age of 8. When all the other kids would break downhill I would pedal harder just to go faster and enjoy the thrill. Adding to my interest for speed, I grew engrossed in the working mechanics of two wheelers thanks to my father as he is a hydraulic mechanic and would take me along with him on his repair sessions. Eventually I became familiar with the tools and basic technical concepts of two wheelers.Super sport and sport tourers are more of my liking and the sparks to these flames were ignited the first time I experienced the maddening power of a Yamaha YZF R1. I was just 14 years old at the time and got to ride as a pillion with an older acquaintance. This one short ride influenced my every decision in terms of the bikes I want to own. As of today I’m 26 years old and a proud owner of a Yamaha Fz15 version 2.0 and a Kawasaki Ninja 650 2014 model having clocked a decent 30k Kms only while touring, waiting to clock 1000s more as riding makes me feel whole again after enduring the dismal routines of life.
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