Replacement demand was a mainstay; OEM will pick up – courtesy EVs
India’s tyre industry sits at the intersection of mobility, manufacturing and infrastructure, making it one of the country’s most established automotive component businesses. The market was valued at around $14.45 billion in 2025, according to IMARC, which projects it to reach $27.67 billion by 2034. Market-size estimates can vary depending on the segments and methodology used.
The industry also operates at a significant scale. NITI Aayog’s 2026 assessment places India seventh globally in tyre production, accounting for about 3% of global output. In FY2024-25, India produced about 4.2 million tonnes of tyres, while domestic consumption stood at approximately 2.5 million tonnes and exports at around 1.5 million tonnes. The competitive landscape is led by established domestic manufacturers such as MRF, Apollo Tyres, CEAT and JK Tyre, alongside global names including Bridgestone, Continental, Goodyear, Yokohama and Pirelli. Chinese manufacturers add another layer of price competition, particularly in segments where cost remains a decisive purchasing factor.
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