A STUDY ON OPERATIONAL EFFICIENCY OF SELECT TYRE COMPANIES IN INDIA

Abstract

The Indian tyre industry has been reporting good growth forms over the past few years, stimulated by growing passenger vehicle and two-wheeler market. It has emerged as one of the most competitive markets in the globe and with the emergence of new technology, ultra-modern production facilities and availability of raw materials, the sector is poised to grow further. Hence this study is started with the motive as to check about the operational parameters of Indian tyre companies. This study used secondary data and the data was collected for the period from 2005-06 to 2012-13. This study checked the growth of tyre industry in India with various financial data. This study has been checked with the charting techniques, ADF unit root test, financial ratio analysis and efficiency analysis. It is ascertained from the study, truck & bus, passenger car and two wheeler segments is the major revenue contributor to the tyre industry. This study strongly concluded that the operational efficiency of the tyre companies is at satisfactory level.