Over the past two years, the agency’s automobile production has fallen about 13 percent to 15 percent. Weak consumer confidence and slowing economic activity led to a decline in domestic tire demand of about 8 percent in the fiscal year 2021 weak consumer confidence and slowing economic activity. After two years of contraction, demand in the Indian tire industry is expected to grow by 13% in the current fiscal year, with the Original Equipment Manufacturer (OEM) segment growing by-15% and the Alternative Market segment growing by 7-9% .ICRA Rating Agency. ICRA said that based on the expected demand growth, the capital expenditure in the tire industry is expected to exceed Rs 20,000 crore by the fiscal year 2022 also said that the implementation of capital expenditure has been resumed in the last few years after a hiatus of a few months in improving the domestic export demand. It is. In FY25, part of the financing will be through debt financing. Demand outlook for the tire indust...