Domestic tyre industry revenue likely to grow 12-fold by 2047: Report

The Indian tyre industry is poised for substantial growth, projecting a twelvefold revenue increase to Rs 13 lakh crore by 2047. This surge is fueled by premiumisation, rising exports, and a robust domestic OEM sector. The industry anticipates a fourfold expansion in production volume, driven by infrastructure spending, strong consumption, and targeted export interventions.

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