ICRA maintains stable outlook on tyre industry January 03, 2020 at 01:51PM

Rating agency ICRA on Friday maintained a 'stable' outlook for the Indian tyre industry. Following a 12.0% and 5.5% growth in FY2018 and FY2019 respectively, domestic tyre demand is estimated to de-grow by 4-6% (volume) in FY2020 affected by sharp contraction in demand from original equipment (OE), ICRA said.