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Truck sales slowdown may not impact tyre cos in Q1
The slowdown in heavy and medium commercial vehicles sales is unlikely to leave much impact on the performance of the tyre manufacturers in the first quarter of this fiscal.
The slowdown in heavy and medium commercial vehicles sales is unlikely to leave much impact on the performance of the tyre manufacturers in the first quarter of this fiscal.
Industry sources said all major tyre producers (including Apollo Tyres , MRF , JK Tyre, Ceat and Birla Tyre) have reported rise in net realisation during April-June 2007 compared to the corresponding period in 2006-07.
This is primarily due to the twin impact of diversion of more truck, bus tyres towards the replacement market due to fall in OE (original equipment) requirement that too at a time when the replacement demand was very high.
Industry sources said all major tyre producers (including 
