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Tyre makers on rough terrain
Mumbai: These are not the best of times for the tyre sector. The reduction in raw material price is of little cheer to manufacturers as they are up against a huge drop in demand, rupee depreciation and import of Chinese tyres.
“The benefit due to the reduction in raw material price has been, to a great extent, offset by the 30 per cent slump in demand. The cost of production has, therefore,
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