GST reduction to drive tyre demand; JK Tyre expects FY26 growth to be above 8%

JK Tyre & Industries expects tyre industry growth in FY26 to exceed earlier estimates of 7–8% following GST cuts, with demand for truck and tractor tyres set to rise. CMD Raghupati Singhania told CNBC-TV18 that while the move lowers acquisition costs for consumers, it is “not really a price cut per se.” Stable rubber and raw material prices are also seen supporting the sector’s outlook.

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