With a strong base of sales of automobiles, the demand for the tire segment in automobiles market is ever increasing. It is expected that the tire demand will expand by 20 percent this year and will most probably grow further against 18 percent in the previous year period.

In the recent news story, it has been confirmed that a strong demand of vehicles will rise which will set off an appetite for more tires. Inside this segment too, the demand for trucks and tractors will rise up to 22-25 percent while demand in light commercial vehicles is expected to grow up to 8-10 percent.

Not only in four wheeler segment, the rise of tire demand is likely to be up for all vehicles that have increasing sales. With this as the sigh of a good yearly forecast, most of the tire companies are likely to make a significant increase in their expenditure plans for the coming years as to meet the production demand.

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