Inside Financial Markets
SUV tyre manufacturing begins - Inside Financial Markets

SUV tyre manufacturing begins

– Dawn News

General Tyre and Rubber Company of Pakistan Limited (GTR) has started manufacturing 18-inch tyres for Sports Utility Vehicle (SUV).

The move comes as demand for new sizes of tyres has increased in the country with the arrival of automobile variants.

In a statement, GTR Chief Executive Hussain Kuli Khan said the company has made major investments to develop and manufacture new sizes of tyres.

“New players in the auto industry have diversified local tyre manufacturing by increasing demand of new sizes of tyres especially with the induction of crossovers and SUVs,” he said. GTR has invested over Rs5 billion in the last five years to upgrade its manufacturing unit.

Syed Zaki Hussain

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Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)