Tread patterns sit on the outside of industrial use rubber tyres at a factory. (Photographer: Andrey Rudakov/Bloomberg)
An Indian bicycle and two-wheeler tyremaker is planning capex to make truck and bus radials, at a time when the Indian automobile industry is facing its worst slowdown in more than two decades.Ralson India Ltd. intends to spend nearly Rs 1,700 crore in three years for the new unit that would come up over 200 acres near Indore. “We’ve already acquired the land and are eyeing a 10 percent market share in the first phase,” Yogeshwar Sha...