way2wealth securities pvt ltd 002 raheja paramount 138 residency road bangalore 560 025 ph 080 22121512 research desk mumbai contact no 022 22671924 25 email content com website www sector update although the tyre industry faces huge competition price & cost pressures and high entry barriers changing dynamics with growing economy escalating auto provide a fillip to zooming sales at cagr of 15 8 during 2002 06 period has driven growth in keeping both oem replacement demand buoyant for depends on primary factors like overall gdp agricultural industrial production vehicle secondary infrastructure development prevailing interest rates total number vehicles is constantly swelling back an increase transportation which would gain more momentum once projects golden quadrilateral nsew corridor project get implemented indian witnessed 7 over last decade though market long time
