2W tyres yet to see full revival: CEAT MD
Financial Express Mumbai|October 23, 2023
RURAL DEMAND FOR two-wheeler tyres in the replacement segment is yet to see a complete revival but there is optimism that the festive season will give it a fillip, according to CEAT MD & CEO Arnab Banerjee
2W tyres yet to see full revival: CEAT MD

With crude prices rising again after the recent geopolitical disturbance, there is uncertainty over crude-based raw material costs and if prices increase it could be a dampener to future growth.

"The two-wheeler replacement market is growing year on-year in strong single digits, which is much much different from quarter one. However, we are yet to see a complete revival in rural demand," Banerjee told PTI.

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