Indian tyre exports saw a significant rebound in the first quarter of FY25, climbing 17% to Rs 62.19 billion. This recovery comes after a 14% decline in the same quarter the previous year, according to newly released data from the Commerce Ministry.

 Arnab Banerjee, Chairman, Automotive Tyre Manufacturers Association (ATMA), attributed the growth to a sustained focus on research and development, competitive pricing, and effective branding. He also highlighted that rising demand in key markets, including the US, Brazil, Germany, France, and Italy, alongside anticipated monetary easing, contributed to the increase.  

The surge in exports reflects the Indian tyre industry's stronger integration into global supply chains. Banerjee noted that the country's regulatory alignment with international standards supports the expansion of the market for Indian-manufactured tyres.  In terms of export volumes, Passenger Car Radial (PCR) tyres led the category, followed by Motorcycle and Farm/Agri tyres in Q1 FY25. Motorcycle tyres saw the highest growth at 38%, followed by Truck & Bus Radial (TBR) tyres, which grew by 31%.  

Despite potential risks such as global supply chain disruptions, geopolitical tensions, and rising shipping costs, the Indian tyre industry remains dedicated to sustainability and innovation. The focus on producing eco-friendly and fuel-efficient tyres has gained traction among global consumers, reinforcing India's position in the international market. Indian tyres are now being exported to over 170 countries, with the US being the largest market, holding a 17% share of exports. Other major destinations include Brazil, Germany, France, and Italy.

 (Business line)