Get help from the best in academic writing.

Indian Tyre Industry mba essay help struggling with essay writing

Indian Tyre Industry to grow at 9-10% in next 5 yrs The Indian Tyre Industry produced 73. 6 million units of tyres (1. 1 million tons) garnering Rs 190 billion in FY`07. MRF was the market leader (22% market share) followed closely by Apollo Tyres (21%). The other major players were JK Tyres & Industries (18%) and CEAT (13%). The industry tonnage production registered a 5 year CAGR of 9. 69% between FY 02-07.

Truck & bus tyre category (accounting for 57% of the tonnage production) recorded a 5 year CAGR of 7. 85% (a rate slower than that of the industry) while light commercial vehicle (LCV), motorcycle and car tyre categories grew at 15%, 16% and 14% respectively (at rates faster than that of the industry). Off the road (OTR) tyres (customized tyres which fetch a higher margin compared to other tyres) category is growing at a fast pace.

The OTR tyre category registered a 5 year CAGR of over 20% in the last five years. Most of the top players are increasing their capacity for the production of OTR tyres so as to improve their product mix, for e. g. CEAT is increasing its OTR capacity at its Nasik plant from 60,000 to 100,000 tyres by end 2008, JK Tyres & Industries is expanding its OTR capacity from 25,000 tyres to 42,000 tyres by end 2008, even smaller player like Falcon tyres is making its foray into the OTR category.

The exports from the country clocked a CAGR of 13% in unit terms and 18% in value terms in the period FY 02-07. Most of these tyres that are exported are of cross ply design. With radialisation catching up in some of these markets, the manufacturers will need to graduate to radial tyres so as to protect their share in the export market. Radialisation of tyres is still minimal in India. Only the car tyre market has moved to radial tyres (95%) but in all other categories cross ply tyres are still preferred.

Poor road conditions, overloading in trucks, higher initial cost of radial tyres and poor awareness levels in tyre users are the main reasons for the non transition of the domestic market to radial tyres. However, going ahead, radialization in truck & bus tyres may increase due to government`s focus on infrastructure development. CARE Research expects the tyre industry to register a tonnage growth of 9-10% in the next five years (FY`07-12). The truck & bus and LCV tyre category are expected to register a CAGR of 8% and 14% respectively (FY`07-12).

A discussion question about digital music

Read the article Olivia Rodrigo Sent a Fully-Branded “Sour’ Promo Kit to Famous Friends
Think about ways you might apply this concept to the marketing of Alphamega. What would the kit contain and who would be included in the list of influencers it would be sent to? After posting, read your peers’ posts and comment on two of them.