The India tyre market reached a volume of nearly 190.54 Million Units in 2024. The market is projected to grow at a CAGR of 6.60% between 2025 and 2034 and reach a volume of around 361.04 Million Units by 2034.
Base Year
Historical Year
Forecast Year
The automobile industry of India is a key contributor to the growth of the economy with a share of almost 6.4% of the country’s GDP and 35% of manufacturing GDP.
MRF Limited, Apollo Tyres Limited and CEAT Limited are a few of the major companies in the market.
The Indian tyre manufacturers are witnessing an increase in capacity utilisation driven primarily by the replacement demand. The replacement sector constitutes about two-thirds of tyre demand.
Value in Million Units
2025-2034
India Tyre Market Outlook
*this image is indicative*
| India Tyre Market Report Summary | Description | Value |
| Base Year | Million Units | 2024 |
| Historical period | Million Units | 2018-2024 |
| Forecast Period | Million Units | 2025-2034 |
| Market Size 2024 | Million Units | 190.54 |
| Market Size 2034 | Million Units | 361.04 |
| CAGR 2018-2024 | Percentage | XX% |
| CAGR 2025-2034 | Percentage | 6.60% |
| CAGR 2025-2034 - Market by Region | West Region | 7.3% |
| CAGR 2025-2034 - Market by Region | North Region | 7.0% |
| CAGR 2025-2034 - Market by Price Segment | High | 7.4% |
| CAGR 2025-2034 - Market by Distribution Channel | Replacement | 7.3% |
| Market Share by Region | North Region | 31.4% |
Figure: Automotive Production in India (in Million), 2018-2024
The demand for tyres is driven by the robust growth of the automotive industry. As the Indian population continues to grow, there is an increasing demand for personal transportation solutions, which has led to a rise in the number of cars, trucks, and motorcycles on the roads. The growing disposable incomes, along with the increasing youth population, are significantly contributing to the growth of the automobile sector, propelling the India tyre market value.
The Indian government is increasingly focusing on manufacturing products locally, supported by various schemes and initiatives. Government schemes such as Atmanirbhar Bharat Abhiyan- Self Reliant India, support the manufacturing of automobiles in the country and aim to make the country a manufacturing hub. This is creating a favourable environment for market expansion in the country. By 2030, the Indian government pledged to have 30% of new car sales in the country be electric.
Expanding automotive production; rising demand for OEM tyres; increasing adoption of technologically advanced tyres; and surging adoption of EVs are favouring the India tyre market growth.
India’s production of tractors, buses, and two-and-three wheelers is significantly rising. This, coupled with the increasing opportunities for EVs, is likely to boost tyre demand.
Favourable initiatives by the Indian government and automotive manufacturers such as the Automotive Mission Plan 2016- 2026 aimed at supporting domestic manufacturing are supporting the tyre industry growth in India.
Tyre manufacturers are observing higher demand from OEMs due to the improving macro environment. The OEMs in the Indian market are focusing on radicalisation across most vehicle categories due to the BS6 (Bharat Stage 6) norms mandated by the government for vehicles sold in India (in 2020).
Technological advancements such as the introduction of smart tyres installed with sensors or for EVs are further supporting the growth of the market.
By 2025, the India EV market is expected to reach USD 7.09 billion. The government’s vision for electric vehicle charging infrastructure further boosts the demand for electric vehicles in India.
India is the third-biggest automobile market in the world, the biggest producer of tractors, three-wheelers, and passenger cars, and the second-biggest producer of two-wheelers. In 2023, India produced 5.8 million automobiles in total, which also increased the market share of tyres in India. As the average age of vehicles on Indian roads increases, there is a growing demand for replacement tyres. This has been driven by the increasing awareness of the importance of tyre maintenance and safety.
Furthermore, India's EV finance sector is expected to grow to USD 50 billion by 2030, as per NITI Aayog and the Rocky Mountain Institute (RMI). According to industry reports, the EV market in India would increase at a CAGR of 36% until 2026. Along with companies exploring the rural markets, greater demand for logistics and passenger transportation has collectively boosted the India tyre market opportunities.
According to the Ministry of Heavy Industries, automotive production showed significant fluctuations between 2016-17 and 2021-22, which influences the India tyre industry revenue. Production peaked at 3.09 crores in 2018-19, followed by a decline to 2.27 crores in 2020-21, and slightly recovering to 2.29 crores in 2021-22. The share of automotive production in 2021-22 was dominated by two-wheelers, constituting 77% of the total production. Passenger vehicles accounted for 16%, while commercial vehicles and three-wheelers contributed 4% and 3%, respectively.
Based on ITC's Trade Map, in 2019, In 2019, India's imports of new pneumatic tyres, of rubber from the world amounted to $385,310 thousand. As per the Indian tyre industry analysis, this value decreased significantly to $205,713 thousand in 2020. In 2021, the imports slightly increased to $229,047 thousand, continued to rise to $265,421 thousand in 2022, and reached $310,224 thousand in 2023.
Imports from Japan were valued at $51,454 thousand in 2019, decreased to $49,970 thousand in 2020, and increased to $58,343 thousand in 2021. In 2022, the imports rose to $93,734 thousand and further to $94,704 thousand in 2023, fuelling the overall Indian tyre industry size.
China exported $89,626 thousand worth of tyres to India in 2019, which decreased to $42,109 thousand in 2020. The value increased to $44,445 thousand in 2021, rose to $50,619 thousand in 2022, and significantly increased to $82,152 thousand in 2023, influencing India tyre market.
Thailand's exports to India were $100,420 thousand in 2019, decreased to $48,250 thousand in 2020, and increased to $55,897 thousand in 2021. However, the imports dropped to $44,724 thousand in 2022 and further to $35,543 thousand in 2023.
The United States' exports remained relatively low, with $8,172 thousand in 2019, $8,173 thousand in 2020, and $5,259 thousand in 2021. The value increased to $12,997 thousand in 2022 and significantly rose to $33,696 thousand in 2023.
As per the India tyre industry analysis, Vietnam's exports to India started at $24,505 thousand in 2019, dropped to $11,281 thousand in 2020, and further decreased to $9,947 thousand in 2021. In 2022, the exports were valued at $4,865 thousand but increased to $13,581 thousand in 2023.
Germany's exports to India decreased from $10,983 thousand in 2019 to $5,395 thousand in 2020 which affected the future of tyre industry in india. The value increased to $10,966 thousand in 2021, dropped to $8,825 thousand in 2022, and slightly increased to $9,414 thousand in 2023.
Export from India of new pneumatic tyres, of rubber exhibited a dynamic trend from 2019 to 2023, with the total export value peaking at $2,691,778 thousand in 2021 before stabilizing at $2,681,032 thousand in 2023, according to ITC Trademap.
| Market Share by | Region |
| North Region | 31.4% |
| East Region | XX% |
| West Region | XX% |
| South Region | XX% |
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India Tyre Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Vehicle Type:
Market Breakup by Design:
Market Breakup by Type:
Market Breakup by Tyre Size:
Market Breakup by Price Segment:
Market Breakup by Distribution Channel:
Market Breakup by Region:
| CAGR 2025-2034 - Market by | Price Segment |
| High | 7.4% |
| Medium | 6.9% |
| Low | XX% |
| CAGR 2025-2034 - Market by | Distribution Channel |
| Replacement | 7.3% |
| OEMs | XX% |
| CAGR 2025-2034 - Market by | Region |
| West Region | 7.3% |
| North Region | 7.0% |
| East Region | XX% |
| South Region | XX% |
Rapid urbanisation, improvements in road infrastructure, and rising disposable income are increasingly leading to greater adoption of passenger cars in the country. In 2023, India produced 4.7 million personal vehicles.
India has the largest youth population in the world, around 66% of the total population (more than 808 million) is below the age of 35. A growing youth population in the country has contributed to the demand for two-wheelers. Additionally, two-wheelers provide the convenience of travelling through narrow roads, helping commuters reach their destination on time. The demographic dividend of India and rising demand for personal mobility solutions fuel the growth of the India tyre market.
The expansion of the mining and construction sectors is surging the demand for medium and heavy commercial construction and mining vehicles. In 2023, India produced 1.0 million commercial vehicles in total.
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Major players in the India tyre market are increasing their collaboration, partnership, and research and development activities to gain a competitive edge
MRF Limited, headquartered in India and founded in 1946, offers a diverse range of tyres catering to various types of vehicles, including heavy and light commercial vehicles, passenger cars, tractors, earthmovers, and motorsport vehicles. Some of its key brands include MUSCLE LIFT, STEEL MUSCLE, SHAKTI LIFE, SHAKTI SUPER, SUPER LUG, and SAVARI, among others.
Apollo Tyres Ltd is a prominent player in the tyre industry, manufacturing and distributing quality tyres worldwide. Its product line includes several renowned brands such as ALNAC, AMAZER, APTERRA, ASPIRE, ALTRUST, MANCHESTER UNITED, and QUANTUM.
Headquartered in India and founded in 1858, CEAT offers a comprehensive selection of tyres suitable for all types of vehicles, ranging from heavy-duty trucks and buses to light commercial vehicles, earthmovers, forklifts, tractors, trailers, cars, motorcycles, scooters, and even auto-rickshaws. The company is committed to producing top-quality tyres for cars, bikes, and scooters.
Headquartered in India and founded in 1951, the company has introduced innovative 'Smart Tyre' technology in India, with Tyre Pressure Monitoring Systems (TPMS) and TREEL Sensors that enable real-time monitoring of a tyre's critical parameters, such as pressure and temperature.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Research and development: Key players like MRF Limited and Apollo Tyres are two prominent market leader in tyre industry in india and invest heavily in R&D to innovate and develop new tyre technologies, ensuring they stay ahead in the market with products that offer superior performance and safety.
Market expansion: Companies such as CEAT Limited and Balkrishna Industries focus on expanding their market presence both domestically and internationally through strategic partnerships and by entering new geographies.
Product diversification: As per the India tyre market dynamics and trends, JK Tyre & Industries and TVS Srichakra emphasize diversifying their product portfolio to cater to various vehicle segments, including passenger cars, commercial vehicles, and two-wheelers.
Sustainability Initiatives: Apollo Tyres and Goodyear India are leading in adopting eco-friendly manufacturing practices and developing sustainable tyre products to meet the growing demand for environmentally responsible solutions which can influence the tyre market share in India.
Customer engagement: Companies like MRF Limited and CEAT Limited invest in strong customer relationship management and engagement strategies, including robust after-sales service and extensive dealer networks to enhance customer loyalty and aid India tyre demand.
Brand building: Major players such as Apollo Tyres and JK Tyre & Industries invest in branding and marketing campaigns to strengthen their market position and increase brand recall among consumers.
North India is home to prominent tyre manufacturers that are seeking to expand their retail network in smaller cities and towns, to fulfil the growing demand for local services. Manufacturers are expanding their retail network in Northern India due to the increasing number of cars on the road and the demand for local services in smaller cities and towns, which aid the growth of the India tyre industry. For instance, in February 2023, JK Tyre Industries opened 6 new outlets in North India spread across Uttar Pradesh, Haryana, and Rajasthan, to improve its presence in rural areas.
In East India, the increasing car ownership in states like Sikkim and Nagaland is positively influencing the demand for tyres. According to industry reports, in 2022, Sikkim and Nagaland accounted for 20.9% and 21.3% of more cars than households in Delhi. The growing investments in states like West Bengal and the Northeast aim to address the supply-demand gap of natural rubber used for tyre manufacturing in India.
With ease of doing business in West Indian states like Gujarat and Maharashtra, manufacturers have been focusing on boosting their production capacities. Increasing investment by leading manufacturers for production expansion drives the demand of India tyre market.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2024, the market volume was approximately 190.54 Million Units.
The market is projected to grow at a CAGR of 6.60% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach around 361.04 Million Units by 2034.
The major factors include the expanding automotive production and favourable government initiatives aiding automotive production expansion.
The key trends aiding the market include growing demand for electric vehicles and increasing adoption of technologically advanced tyres.
The different vehicle types include passenger car, light commercial vehicle, medium and heavy commercial vehicle, two wheelers and three wheelers, and off road, among others.
The major distribution channels in the market include OEMs and Replacement.
MRF Limited, Apollo Tyres, JK Tyre & Industries, CEAT Limited, Birla Tyres, Balkrishna Industries, TVS Srichakra, and Goodyear India are some major market leaders.
The decline in automotive sales impacted the distribution of tyres amid COVID-19.
Rising vehicle production and sales boost tyre demand in the country.
North India holds the largest share of the market.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Vehicle Type |
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| Breakup by Design |
|
| Breakup by Type |
|
| Breakup by Tyre Size |
|
| Breakup by Price Segment |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Trade Data Analysis |
|
| Competitive Landscape |
|
| Companies Covered |
|
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India
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Philippines
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+63-287-899-028, +63-967-048-3306
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Vietnam
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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