Tyre Stocks Rally on Declining Costs and Strong Automotive Demand
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Tyre Stocks Rally on Declining Costs and Strong Automotive Demand

Indian tyre manufacturers are experiencing margin expansion due to declining input costs like natural rubber and crude oil derivatives. This trend, evident in strong September-quarter results, is projected to continue into the December quarter. Robust demand from automakers, driven by festival sales and positive rural sentiment, further supports the sector's growth, with most vehicle segments reporting double-digit year-on-year increases in November.

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