Tyre firms profit on weak demand

The tyre industry is witnessing subdued demand not only from OEM (original equipment manufacturers), but also from replacement market and exports and hit by the slowdown in automobile sector. However, the softening prices of key raw materials such as natural rubber and crude derivatives provide relief to the tyre makers. This will help them to protect their margins.
The short-term outlook of the tyre industry remains subdued in the wake of the demand slowdown in the automotive industry, the

tyre makers, ICRA, tyre demands, tyre slowdown, OEM, original equipment manufacturers