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In the fiscal year ending March 2004, the turnover of India's automotive tyre industry was Rs. 13,500 crore (almost $3 billion), with exports of Rs. 1400 crore ($318 million) to over 70 countries, including the US and Europe. The industry's total output of 54.27 million tyres signifies capacity utilization of 85 percent of the installed capacity of 60 million...
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They have thus been able to import duty free raw materials and remain competitive in the international market, while reducing their dependence on the domestic local natural rubber market. While some Indian tyre majors export nearly 30 percent of their total tyre productions, about 20 percent of all locally manufactured tyres are exported in total...
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