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The India tyre market reached a volume of 179 Million Units in 2020.
The growing number of regional tyre manufacturing facilities based on the high prevalence of ‘Make in India’ trend is currently driving the India tyre market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation resulting in temporary closure of numerous manufacturing units of tyres.
Based on the vehicle type, the India tyre market can be segmented into two wheelers, three wheelers, passenger cars, light commercial vehicles, medium and heavy commercial vehicles, and off the road. Among these, passenger cars currently account for the largest market share.
Based on the OEM and replacement segment, the India tyre market has been divided into OEM tyres, and replacement tyres, where replacement tyres currently exhibit a clear dominance in the market.
Based on the domestic production and imports, the India tyre market can be segregated into domestic production, and imports. Currently, domestic production holds the largest market segment.
Based on the radial and bias tyres, the India tyre market has been bifurcated into radial tyres, and bias tyres, where radial tyres currently hold the majority of the total market share.
Based on the tube and tubeless tyres, the India tyre market can be categorized into tube tyres, and tubeless tyres. Currently, tubeless tyres exhibit a clear dominance in the market.
On a regional level, the market has been classified into North India, East India, West and Central India, and South India, where North India currently dominates the India tyre market.
Some of the major players in the India tyre market include MRF Limited, CEAT Limited, JK Tyre & Industries Ltd., Apollo Tyres Ltd., etc.
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