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The India tyre market reached a volume of 182 Million Units in 2021.
We expect the India tyre market to exhibit a CAGR of 3.59% during 2022-2027.
The growing number of regional tyre manufacturing facilities based on the high prevalence of the ‘Make
in India’ trend, is currently driving the India tyre market.
The 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 for
vehicles, thereby limiting the overall demand for 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, two wheelers 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. Currently, replacement tyres 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, where domestic production currently holds the majority of the total market
Based on the radial and bias tyres, the India tyre market has been bifurcated into radial tyres and bias
tyres. Currently, radial tyres account for the largest market share.
Based on the tyre size, the India tyre market can be divided into small, medium, and large. Among these,
small sized tyre currently exhibits 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 West and Central 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., and Apollo Tyres Ltd.
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