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Indian tire industry poised for continued growth after 2023 surge

Tire Review Magazine

Indian tire demand is expected to grow by a compounded annual growth rate (CAGR) of more than 7% during the next five years to reach 290 million units in the 2028 financial year. billion by the 2028 financial year. On the demand front, India consumed more than 210 million units in the 2023 financial year, registering a growth of 7.2%