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South African tire market balances production growth and import challenges

Tire Review Magazine

Currently, South Africa produces more than half a million automobiles annually of all types. Beijing Automobile International Corporation (BAIC) has announced an investment of R11 billion (approx. Department of Commerce, South Africa’s automobile market was estimated at $35.15 in 2024 and 1.3% According to the U.S.

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South African tire market balancing production growth and import challenges

Tire Review Magazine

Currently, South Africa produces more than half a million automobiles annually of all types. Beijing Automobile International Corporation (BAIC) has announced an investment of R11 billion (approx. Department of Commerce, South Africa’s automobile market was estimated at $35.15 in 2024 and 1.3% According to the U.S.

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Indian tire industry poised for continued growth after 2023 surge

Tire Review Magazine

Indian tire demand is expected to grow by a compounded annual growth rate (CAGR) of more than 7% during the next five years to reach 290 million units in the 2028 financial year. Source: Society of Indian Automobile Manufacturers. billion by the 2028 financial year. compared to the previous year. Currently accounting for 3.3%