@chandragupta
The competitor is Tata steel who has expanded capacity by 25,000 tonnes. I got this info from kaptify person which manages investor relation for Rajratan. Also the bead wire import happened from Kiswire which is a korean based company and the Michelin imported it from them. The import however is not much and its around 15,000 tonnes out of a total of 130,000 tonnes of domestic consumption. Now the competition has increased however we must also take into account that tyre companies are increasing their capacity so naturally demand will increase and accommodate additional capacity created.
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