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ON THE MOVE

Off-the-road (OTR) tyres are largely used in vehicles, equipment and machinery employed in agriculture, mining, construction and industrial sectors. Consequently, any changes or fluctuations in the said sectors directly influences the growth of OTR tyre market.

Demonetisation worries after-market business

Demonetisation has severely impacted India?s after-market business in spare parts, components, consumables and replacement components like wear parts, tyres etc, because so far this market has been predominantly cash transaction-driven.

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