Tyre demand to remain robust amid positive environment: JK Tyre CMD

Demand for tyres in the domestic market is expected to remain robust going ahead as the automobile industry continues to scale new highs amid a positive economic environment, JK Tyre Chairman and Managing Director Raghupati Singhania said. In an interaction with PTI, the veteran industry leader said that robust Gross Domestic Product (GDP) growth and the government's focus on infrastructure development, is expected to fuel growth for the automobile sector as well as the tyre industry. "We see that the domestic demand will continue to be robust due to the healthy macroeconomic factors as well as the investments in infra and of course, overall feel good economic environment that we are running through," he said. Elaborating on some positive factors, Singhania said freight availability remains consistent, helping the commercial vehicle segment. Besides, robust GDP growth and more disposable income is helping in the enhanced offtake of cars, he noted. "So, we foresee that car demand w

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