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Bicycle Tyremaker Ralson India Wants To Make Radials For Trucks, Buses
Ralson India is firming up a Rs 1,700 crore capex plan despite sales of trucks sliding by nearly half in the year gone by.
03 Mar 2020, 04:52 PM IST
An Indian bicycle and two-wheeler tyremaker is planning capex to make truck and bus radials, at a time when the Indian automobile industry is facing its worst slowdown in more than two decades.Ralson India Ltd. intends to spend nearly Rs 1,700 crore in three years for the new unit that would come up over 200 acres near Indore. “We’ve already acquired the land and are eyeing a 10 percent market share in the first phase,” Yogeshwar Sha...
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