The first quarter of the new financial year (FY 2024–25) ended June 30, with two top Indian tire majors witnessing a decline in their profit year on year, whereas the other two improved their performance. The differing NR inventory levels, sales performances, including exports, and the price increase the majors effected for tires led to contrasting results, according to market observers.
What is covered in the Full Insight:
Introduction
Q1 FY 2024–25 Performance Overview
Factors Affecting Tire Majors
Company-Specific Performance
Conclusion
SUMMARY
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