However, the performance of the heavy commercial tyre segment has not lived up to expectations. Exports too are a worry, with many Western countries facing inflationary trends.
Adapting to global price shifts is not new to the domestic rubber industry. But when one of the world’s biggest suppliers skirts with deflation, it is time to be prepared for uncertainty.
“Last financial year, Indias production of natural rubber was 8 lakh metric tonne and we expect it to be 5% more this year,” said Ramesh Kejriwal, president, All India Rubber Industry Association.