The Indian tire sector sports a bullish outlook for FY 2025-26 (April 1 2025 to March 31 2026) riding on the GST cut effected by the Indian Government on tires from 28% to 18% from September 22, 2025, along with a range of vehicles and other goods, which it feels is set to propel vehicle and tire sales from the festival season in India which starts now.
Highlights
• Tire makers see profit pressure despite revenue gains
• JK Tyre eyes double-digit growth, expands global footprint
• CEAT eyes expanding Chennai plant at US$51 million spend