Tyresoles Strengthening Grip Over Retreading Market
Mr. Sanghi informed, "We are expanding our presence in the country. We are now there in Jabalpur, and Hyderabad, and will be in Gujarat in the next 3-4 months. Moreover, we have also entered into a tread JV in Mangalore, and also expect that as the radial market increases, our share will increase simultaneously."
He added, "Retreading does well in recession, so our business has actually moved up during the slowdown. In these times, even regular customers opt for retreading as it provides a good cost saving proposition."