It has been a difficult few months for tyre manufacturers. A period of de-stocking in the run-up to the goods and services tax (GST) roll-out, followed by a steep rise in raw material prices saw EBIDTA margins of these companies take a hit, CNBC-TV18's Jude Sannith caught up with MRF's Executive Vice President Koshy Varghese, who says the worst may be over.
Koshy Varghese, Executive VP-Marketing at MRF is not bullish in terms of growth and demand for the tyre industry and expects it to grow at single digit.