New Delhi, Aug. 12 -- Apollo Tyres Ltd faced weak demand in the June quarter. Thus, its India volume growth was little changed year-on-year - low single-digit growth in replacement, mid-single-digit growth in the OEM (original equipment manufacturer) segment, and lower export volumes.

Replacement volumes were broadly in line with industry levels. Truck bus radial (TBR) volumes were slightly ahead, while passenger car radial (PCR) volumes lagged marginally.

Demand is set to improve from the second half of FY26, driven by the replacement segment and initiatives to enhance growth in TBR/PCR from Q2, the management said. But the expectations are not rosy.

"Our industry checks suggest that commercial vehicle replacement demand recovery (aro...