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What is India Tyre Industry Growth Analysis about?

The tyre industry is an $85 billion global industry, with the Indian tyre industry worth $3 billion or 4% of the global market. The Indian tyre market has grown at a compound annual growth rate of 6.9% over the past 5 years and is projected to grow at 8.9% over the next 5 years. The Indian tyre market is dominated by commercial vehicles, which account for 81% of sales. Some key challenges facing the Indian tyre industry include low rates of radialization, increasing raw material costs, and competition from

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