On April 7, CST announced that after two years’ preparation, their Indian plant will be officially put into operation in June, whose main products are motorcycle tires.

Liao Zhengyao, the general manager of CST’s Indian plant, said that after the operation of the plant, the tires will be directly supplied to the vehicle assembly plant, rather than to the replacement tire market.

In 2016, the total sales of CST reached at 117.38 billion yuan, with a year-on-year growth of 0.6%; and its net profit after tax reached up to 13.35 billion yuan, with a year-on-year growth of 3.9%.

Although the company's shipments in last year increased by 10.9%, the losses caused by price and exchange rate accounted for 11.3% of the operating income, resulting in a revenue growth rate of less than 1% last year.

Among the total revenue, car tires accounted for 44.4%, truck tires accounted for 17% and motorcycles accounted for 13.9%.

CST declaims that after the Indonesian plant and Indian plant have been put into operation, the motorcycle tire revenue ratio will increase.

At present, India's annual motorcycle production is about 18 million units, 30 times that of Taiwan. And the demand for motorcycle tires reaches up to 36 million, therefore, the market is huge and broad.