India's tyre exports reached Rs 23,073 crore during 2023-24, a year up from the previous year, according to the Automotive Tyre Manufacturers' Association (ATMA). The industry's resilience and quality are attributed to the industry's high export to turnover ratio. With a turnover of around Rs 90,000 crore and exports of over Rs 23,000 crore, the Indian tyre industry is one of the few with a high export to turnover ratio.
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