Indian Replacement Market Tipped to Surpass £2.75 Billion by 2012

A research report released by market research firm TechSci Research predicts that total turnover for India’s replacement tyre market will surpass Rs 200,000 million (£2.75 billion) by the 2012 financial year. The replacement segment currently accounts for more than 60 per cent of the industry, the report notes, and it has become a key focus area for manufacturers due to the higher margins its offers. In the most recent financial year almost 50 million unit sales took place in India’s replacement segment, with motorcycle tyres and truck/bus tyres the two largest markets.