India: Tyre manufacturers’ profitability to be hit

ICRA, an independent investment information and credit rating agency, has said that the profitability of Indian tyre manufacturers will be hit in the next 12 to 15 months. The agency has attributed this to the expected supply gap for rubber. ICRA has predicted this despite the robust demand for tyres. The Subscribe to Automotive World … Continued

• By Webmaster
• April 6, 2011