Turnaround in the auto sector has witnessed 10% appreciation in tyre production during the year. This was reported by a leading financial daily. Tyre output in September 1999 has increased from 3.15 m units to 2.87 m units in September 1998. The rise is attributed to increased activity in the auto segment. Truck and bus tyres (T&B) production witnessed 17% growth on the back of higher demand for commercial vehicles (CVs). Passenger car tyre output rose 9% largely due to the 43% rise in passenger car sales. Even tyre exports posted 22% appreciation
With a slew of launches planned in the car segment (mid-sized in particular), demand from original equipment manufacturers (OEM) is likely increase in future. This in turn will also ensure that replacement demand is robust. As the economy continues to tread on the revival path, M/HCV sales will continue to grow. This will give tremendous fillip to T&B tyre sales.
For the quarter ended December 2020, APOLLO TYRES has posted a net profit of Rs 4 bn (up 155.2% YoY). Sales on the other hand came in at Rs 52 bn (up 17.1% YoY). Read on for a complete analysis of APOLLO TYRES's quarterly results.
For the quarter ended December 2020, CEAT has posted a net profit of Rs 1 bn (up 152.1% YoY). Sales on the other hand came in at Rs 22 bn (up 26.1% YoY). Read on for a complete analysis of CEAT's quarterly results.
Here's an analysis of the annual report of TVS SRICHAKRA for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of TVS SRICHAKRA. Also includes updates on the valuation of TVS SRICHAKRA.
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