Business

Ralson Tyres Makes Bold Move: Enters India's Heavy Commercial Vehicle Tyre Market

Ralson Tyres Expands into the Heavy Commercial Vehicle Sector in India

NEW DELHI: In a significant shift from its traditional bicycle tyre manufacturing, Ralson Tyres has announced its entry into the heavy commercial vehicle (HCV) tyre market in India. This strategic move signifies the company's expansion into the automotive sector, as highlighted by Manjul Pahwa, the Managing Director of Ralson Tyres.

Ralson Tyres enters Indian heavy commercial vehicle tyre market

The company's manufacturing facility in Indore, which commenced operations in 2023, is set to play a pivotal role in this expansion. With a production capacity of 60,000 MTPA, the plant has been catering to international markets and will now focus on meeting the growing demand in the Indian commercial tyre sector.

Manjul Pahwa emphasized the potential growth in India's commercial tyre sector, projecting an annual growth rate of 10%. This growth is fueled by increasing freight traffic and infrastructure development. The initiative aligns with the "Make in India" campaign, aiming to bolster domestic manufacturing and reduce dependency on imports.

Stay informed with the latest Business News on Times of India. Explore the list of Bank Holidays, stay informed about Budget 2025, discover the new Income Tax Slabs, and use the Income Tax Calculator for hassle-free tax planning. Unlock Investment Potential: Enroll in ET's Stock Valuation Workshop - Batch 3. Secure Your Spot Now!