India Tyre Market Overview

Base Year: 2024

Historical Years: 2019–2024

Forecast Years: 2025–2033

Market Growth Rate: 2.85% (2025–2033)

The India tyre market is driven by increasing vehicle sales, infrastructure development, and rising demand for replacement tyres across commercial and passenger vehicle segments. According to the latest report by IMARC Group, The India tyre market size reached 202.2 Million Units in 2024. Looking forward, IMARC Group expects the market to reach 263.8 Million Units by 2033, exhibiting a growth rate (CAGR) of 2.85% during 2025-2033.

India Tyre Industry Trends and Drivers:

The Indian tyre market is witnessing a significant shift towards radial tyres, primarily due to their superior performance characteristics compared to bias tyres. Radial tyres offer better fuel efficiency, enhanced durability, and improved handling, making them the preferred choice for both passenger and commercial vehicles. This trend is particularly pronounced in the passenger vehicle segment, where consumers are increasingly prioritizing safety and performance. As a result, manufacturers are focusing on expanding their radial tyre offerings, investing in research and development to innovate and improve the quality of these products. Companies like MRF and Apollo Tyres are at the forefront of this shift, launching new radial tyre models that cater to the evolving demands of consumers.

Moreover, the growing awareness of environmental sustainability is also influencing this trend. Radial tyres are generally more fuel-efficient, which translates to lower carbon emissions over the tyre's lifespan. As the Indian government promotes greener transportation options, the demand for eco-friendly products, including radial tyres, is expected to rise. This shift aligns with global trends where consumers are becoming more environmentally conscious, driving manufacturers to adopt sustainable practices in production. Consequently, the transition to radial tyres not only enhances vehicle performance but also contributes to a more sustainable automotive ecosystem in India.

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India Tyre Industry Segmentation:

The report has segmented the market into the following categories:

Vehicle Type Insights:

  • Two Wheelers
  • Three Wheelers
  • Passenger Cars
  • Light Commercial Vehicles
  • Medium and Heavy Commercial Vehicles
  • Off the Road

OEM and Replacement Segment Insights:

  • OEM Tyres
  • Replacement Tyres

Domestic Production and Imports Insights:

  • Domestic Production
  • Imports

Radial and Bias Tyres Insights:

  • Bias Tyres
  • Radial Tyres

Tube and Tubeless Tyres Insights:

  • Tube Tyres
  • Tubeless Tyres

Tyre Size Insights:

  • Small
  • Medium
  • Large

Price Segment Insights:

  • Low
  • Medium
  • High

Regional Insights:

  • North India
  • East India
  • West and Central India
  • South India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

  • MRF Limited
  • CEAT Limited
  • JK Tyre & Industries Ltd.
  • Apollo Tyres Ltd

Key highlights of the Report:

  • Market Performance (2019-2024)
  • Market Outlook (2025-2033)
  • COVID-19 Impact on the Market
  • Porter's Five Forces Analysis
  • Strategic Recommendations
  • Historical, Current and Future Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Structure of the Market
  • Value Chain Analysis
  • Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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