India Tyre Market Report 2025-2034 | Trends & Forecast

According to the latest report by Expert Market Research (EMR), the India tyre market reached a volume of nearly 190.54 million units in 2024. Aided by the surging demand for radial tyres, increasing vehicle population, and growing environmental awareness, the market is projected to grow at a CAGR of 6.6% between 2025 and 2034, reaching a volume of approximately 361.04 million units by 2034.

Tyres play a vital role in the functioning of vehicles, offering a stable connection between the vehicle and road surface. These cylindrical rubber casings are typically affixed to wheel rims and are essential for carrying the vehicle's load, enabling traction and braking, and cushioning the impact from uneven road surfaces. Tyres are manufactured in various sizes and types, tailored to diverse vehicles and driving needs.

India, being one of the world's leading automotive markets, is undergoing a significant transformation in its tyre sector. The growing adoption of innovative technology, rise in electric mobility, increasing aftermarket activities, and sustainability initiatives are collectively shaping a dynamic future for tyre manufacturers in the region.

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India Tyre Market Growth

The India tyre market is experiencing substantial growth, primarily fueled by the dynamic expansion of the automotive sector and rising consumer focus on road safety. Increasing disposable incomes across both urban and rural regions are driving demand for personal vehicles, particularly two-wheelers and passenger cars, thereby boosting the need for high-performance, long-lasting tyres. In addition, the rapid expansion of commercial vehicle fleets for logistics and transportation is contributing significantly to the surge in tyre consumption.

Government initiatives, such as infrastructure development projects and the Make-in-India campaign, are providing a strong foundation for domestic tyre production, encouraging both local and international manufacturers to expand their operations in the country. The promotion of indigenous manufacturing is helping reduce reliance on imports while simultaneously enhancing product availability and affordability for consumers.

Moreover, rising awareness about tyre quality, safety standards, and the importance of timely replacement is shaping a more informed consumer base. This, coupled with the availability of a wide variety of tyre options through offline and online channels, is further propelling market expansion. As the Indian automotive landscape continues to evolve, the tyre industry is set to benefit from new opportunities, technological advancements, and increased investment, paving the way for sustained market growth in the years ahead.

India Tyre Market Trends

A key trend reshaping the Indian tyre industry is the shift toward radialisation, particularly in the commercial vehicle segment. Radial tyres offer better grip, fuel economy, and durability than bias-ply counterparts, making them a preferred choice for performance-driven consumers. In addition, the growing momentum of electric vehicles (EVs) is introducing new challenges and innovations in tyre design. Specialised EV tyres are being developed with enhanced durability, lower rolling resistance, and specific tread patterns to suit electric drivetrains.

Furthermore, sustainability has become a core focus for tyre manufacturers. From using bio-based and recyclable materials to energy-efficient production techniques, the industry is evolving towards greener practices. Tyre recycling and reuse initiatives are also gaining traction, contributing to a circular economy. The rise of digital platforms and data analytics is another transformative trend-manufacturers are increasingly leveraging IoT sensors and AI to enhance tyre performance and customer satisfaction through predictive maintenance and smart diagnostics.

The rapid adoption of electric vehicles across India is creating unique demands in the tyre market. Tyre manufacturers are focusing on building EV-specific solutions, which include noise-reducing treads, greater load-bearing capabilities, and enhanced rolling efficiency. With the government's strong push for clean mobility and incentives for EV adoption, especially in two-wheelers and three-wheelers, the demand for high-quality, energy-efficient tyres is on the rise.

India's tyre aftermarket is expanding steadily due to increasing vehicle aging, varying road conditions, and rising consumer focus on regular tyre replacement. The growing popularity of online tyre retail platforms is transforming how consumers buy and maintain tyres. E-commerce channels offer transparency, easy comparison, and a broad range of choices, empowering buyers and boosting sales. Retailers and manufacturers are capitalising on this shift by offering doorstep fitting services, digital tracking, and loyalty programs.

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India Tyre Market Segmentation

By Vehicle Type:

Passenger Cars
Light Commercial Vehicles
Medium and Heavy Commercial Vehicles
Two-Wheelers and Three-Wheelers
Off-Road
Others

By Design:

Radial
Bias

By Type:

Tube
Tubeless

By Tyre Size:

Small
Medium
Large

By Price Segment:

Low
Medium
High

By Distribution Channel:

OEMs
Replacement

By Region:

North India
East India
West India
South India

Competitive Landscape

The EMR report examines key developments, production capacities, expansions, and strategic movements of top players in the India tyre industry. Major players include:

MRF Limited
Apollo Tyres Limited
CEAT Limited
Balkrishna Industries Limited
TVS Srichakra Limited
The Goodyear Tire & Rubber Company
Bridgestone Corporation
Continental Tyre Group Ltd
Metro Tyres Limited
Others

The India tyre market is poised for strong growth, driven by innovation, sustainability, and increasing vehicle demand. Leading manufacturers are actively investing in technology and capacity expansion to stay competitive. As the industry evolves, collaboration and adaptability will be key to long-term success.

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