8/18/22, 1:05 PM crisil: Capital expenditure of tyre makers to rise to Rs 5,000 cr this fiscal: CRISIL - The Economic Times

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Business News › Industry › Auto › Tyres › Capital expenditure of tyre makers to rise to Rs 5,000 cr this fiscal: CRISIL

Capital expenditure of tyre makers to rise to Rs

5,000 cr this fiscal: CRISIL
PTI Last Updated: May 11, 2022, 02:32 PM IST
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Synopsis
The demand is likely to be driven by segments such as replacement, commercial and

A KU B
passenger vehicles (CVs and PVs), along with exports, the credit ratings agency said,
adding that credit profiles of tyre makers are expected to remain "stable".

The capital expenditure of tyre

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makers is expected to increase to
around Rs 5,000 crore this fiscal on the Verification
back of improving demand, as against
around Rs 3,700 crore annually in the Code
preceding two fiscals, according to a
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CRISIL NSE 1.45 % report.

The report is based on the analysis of the top six

domestic tyre makers, who account for 80 per The demand is likely to be driven by
cent of the Rs 75,000 crore of the sector, CRISIL
said. segments such as replacement,
commercial and passenger vehicles
(CVs and PVs), along with exports, the credit ratings agency said, adding that
credit profiles of tyre makers are expected to remain "stable".

The report is based on the analysis of the top six domestic tyre makers, who
account for 80 per cent of the Rs 75,000 crore of the sector, CRISIL said.

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