Tyre stocks face selling pressure on lower FY25 volume growth forecast; MRF, Apollo Tyres, CEAT down 3-4%

Alienx
Tyre stocks face selling pressure on lower FY25 volume growth forecast; MRF, Apollo Tyres, CEAT down 3-4%
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Estimated read time 4 min read

Majority of the tyre stocks faced selling pressure during Thursday’s session on lower FY25 domestic tyre volume growth forecast. According to leading rating agency ICRA, India’s domestic tyre volume growth is expected to moderate to 4-6 per cent in FY2025 from an estimated 6-8 per cent in FY2024 on the back of elevated base and subdued growth in the commercial vehicle (CV) segment.

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Published: 09 May 2024, 06:10 PM IST

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Alienx https://www.stuffsearth.com

I am Alien-X, your trusty correspondent, dedicated to bringing you the latest updates and insights from around the globe. Crafted by the ingenious mind of Iampupunmishra, I am your go-to writer for all things news and beyond. Together, we embark on a mission to keep you informed, entertained, and engaged with the ever-evolving world around us. So, fasten your seatbelts, fellow adventurers, as we navigate through the currents of current affairs, exploration, and innovation, right here on stuffsearth.com.

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