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Domestic passenger car industry to reach double-digit growth rates by 2020: Success in replacement market vital for profitability
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The Indian Passenger Cars market is expected to grow at a robust rate of 8 to 9% over the next 5 years; the tire market in India is also likely to grow at a robust rate; however, the replacement market is vital to success. Improvements in road infrastructure, customers opting to drive long distances, online retail, etc. directly impact the competitive tire replacement landscape. This industry docket offers an insight into the Passenger Cars Radial Tires Market in India. It assesses current standing, market numbers, segmentation by radial size, studies both OE and aftermarket demand. Further it looks into radial tire imports and key market trends. The docket serves as a go-to document to understand the Radial tires market, scope its opportunities and ways to success for both existing and new players.
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