ATMA said in the last 10 years, Apollo has moved up four places, while JK Tyre has advanced six places. On the other hand, CEAT moved up 13 places, while off-road major BKT jumped 14 places. MRF is ranked 3rd in Asia after Bridgestone and Yokohama in terms of the number of plants, it added.
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.
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