Apollo Tyres is a leader in replacement market: Anand Rathi Securities
2009 September 9
Anand Rathi Securities says that the domestic auto recovery story is immediate. The demand recovery in the export segment is about 12 months away. The exports would be a strong contributor for Bharat Forge in the coming quarter. It also feels that the domestic demand for tyres is picking up. He expects high growth in exports for Bharat Forge. The tyre industry is in sweet spot on the back of replacement demand and import constraints. Apollo Tyres is a leader in replacement market & it will benefit from the uptick.
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