Busy farms in Europe & US bring Balkrishna a rich export harvest
The demand of agriculture tyres in the European region improved due to favourable weather conditions and improved crop yields.
According to the data from the Ministry of Commerce, India’s export of agriculture tyres rose by 49% year-on-year to Rs 519 crore in August 2020, the highest absolute reading in the last 40 months.
ET Intelligence Group: The stock of Balkrishna Industries, an exporter of farm and off-the-road (OTR) tyres, gained 6.4% on Monday following a sustained improvement in the export of the agriculture tyres for the third consecutive month in August. This was on account of a rising demand from the major markets including France, UK and USA. These markets account for nearly two-third of the company's sales volume.According to the data from the