The Indian tyre industry has grown by 4% in FY1116 in terms of tonnage sold (to 1.7mn tonnesfrom1.4mntonnes).Withavolumecontributionof55%,theCVsegmentformsthe largestchunk,butithasbeensluggishwithafiveyearCAGRofjust2%;subduedeconomic activitynotonlymeantweakerOEMsalesbutalsolowermovementoftrucksleadingtolow wearandslowerreplacementdemand.Passengervehicletyreshaveseenstrongestdemand offtake with 8% CAGR, whereas twowheeler demand CAGR was 6%. The tyre industry shouldposta6%tonnageCAGRuntilFY21,withthePVsegmentpostingthehighestCAGR of8%,2Wat7%,andCVsegmenttheslowestat4%.Shifttowardsthepassengersegment...