Indian Tyre Industry Expected to Have CAGR of 6.81% in 2010

A new report published by Aarstore Enterprise predicts the Indian tyre industry will report a compound annual growth rate of 6.81 per cent in full year 2010 figures. The industry registered a five-year CAGR of 8.

02 per cent between full year 2003 and 2008, according to the research. The largest category of truck and bus tyres (T&B) recorded a five-year CAGR of 5.90 per cent while light commercial vehicle (LCV), motorcycle and car tyre categories grew at 13.

34 per cent, 12.27 per cent and 13.98 per cent, respectively in the period.