Introduction (Indian tyre industry):-
India presently has the world's fourth-largest passenger automobile market, the world's largest motorbike market, and the world's third-largest commercial vehicle market. On Indian roadways, there are around 250 million scooters/motorcycles, 40 million cars, and 10 billion commercial vehicles. The OE demand in the Indian tyre industry is 1/3rd of replacements because of high vehicle PARC. Tyre consumption is largely driven by two end-user sections: OEMs and the aftermarket sector. The replacements market currently controls the majority of total sales in the tyre industry. The OEM company's consumption is influenced by new car sales trends, but the replacements sector is influenced by user activity and maintenance cycles.
Tyre manufacturing is a growing market, with over 160 tyre producers operating in over 45 countries, including India. Tyres are manufactured by professional Tyre Manufacturers to global standards and traded freely over the world.
Trend Analysis, Market, Growth, Development, Opportunity, and Forecasts 2022-2027 in India
After China, Europe, and the U.S., India is the world's fourth-largest tyre industry. The rising radialization of tyres, particularly in buses and trucks, is driving the industry in India. Furthermore, the tyre sector has a large consumer base; they have been used in a variety of vehicles, including automobiles, busses, armored trucks, motorbikes, lorries, and so on.
In India, the Tyre Companies in India market is highly consolidated, with the top 10 producers responsible for over 80% of the entire market share. The leading market players are MRF Tyres, Apollo Tyres, and JK Tyres.
Important Analysis
- The Indian tyre sector is forecasted to be about $9-9.5 billion per year, with exports accounting for less than 20% of total income.
- The Automotive Tyre Producers Association estimates that the Indian tyre process to make sales of Rs 60,000 crore ($8.5 billion) in 2019-20, with exports of Rs 12,840 crore ($1.8 billion).
- Makers and distributors of tyres for automobiles, minibuses, and larger trucks will be required to meet mandated rolling resistance standards for fuel economy, wet grip standards for braking ability on wet stretches, and moving noise emissions regulations. The Road Department For transport has recommended this regimen for new tyre designs beginning in October of next year, and for current products beginning in October of 2022.
- Automakers already dealing with pandemic-related production closures and a global semiconductor scarcity are now facing a tyre supply deficit.
- As per the Association of Natural Rubber Industrializing Nations, India's rubber (NR) production in 2020 will be reduced by 42,000 tonnes to 668,000 tonnes owing to Covid-19 (ANRPC).
- The Automotive Tyre Manufacturers' Association (ATMA) has committed to invest Rs. 1,100 crores in North East India over the next five years to construct a plantation covering 2,00,000 acres.
In 2022, the Top 10 Most Recognized Tyre Firms in India
There are two sorts of tyre producers in India: those that are wholly controlled by Indians and those that are joint ventures or subsidiaries of the big list of tyre companies. So, let’s review them:
#1 MRF Tyres
MRF has been one of India's biggest tyre manufacturing organizations, having been established a year before the country became independent in 1946. Chennai, Tamil Nadu, is the company's headquarters. It provided our country's automobiles with high-quality radials. It is also a major tyre manufacturer for passenger cars, producing tyres for buses, trucks, farmers, and off-road vehicles. Rubber is not only used to make tyres but also conveyors and toys.
MRF Tyre began as a balloons producer in 1946 and is now one of the greatest tyre companies in the world. It has since been among India's largest tyre manufacturers. The company supplies tyres to about 60 nations of the globe.
#2 CEAT Tyres
CEAT Tyres, situated in Mumbai, is the leading manufacturer of e RPG Industries, a Rs 220 billion conglomerate.
It was founded in 1958. Today, CEAT is one of India's largest tyre manufacturers, with a strong global presence.
CEAT produces global radial tyres for massive buses and trucks, light vehicles, excavators, forklifts, tractors, vans, cars, motorbikes, and motorbikes, as well as auto-rickshaws, and manufactures over 165 million tyres each year, according to the business.
#3 Apollo Tyre Supplier
This is one of India's more well tyre producers. This is also the 17th largest tyre manufacturer in the world. It was founded in Gurgaon, Haryana, in 1976 and is a significant tyre supplier in numerous European countries.
Apollo Tyre is presently one of India's top ten tyre firms, with an international reach in 120 countries. It manufactures tyres for passenger cars, lorries, buses, commercial vehicles, off-road cars, and bicycles. It currently employs 15,000 people in Gurgaon and currently controls a significant piece of the tyre supply sector in India and Abroad.
#4 TVS Tyres
Another major tyre maker in India is TVS Srichakra Ltd. The company's two-wheeler and three-wheeler tyres are well-known.
Two or three tyres, industry compressor tyres, agricultural and tool tyres, excavator tyres, multi-functional tyres, and flotation tyres are all manufactured by TVS Srichakra.
It has considerable export and serves all of India's main automobile manufacturers.
#5 JK Tyre Corporation
On our list of the tyre industry in India, JK Tyres is ranked fifth. It is a large firm that began operations in 1974. That's one of India's most important and biggest manufacturers of tyres.
Puncture guard tyre innovation cures puncture with a specially built self-healing elastomeric inner coat that is put within the tyres via an automated procedure. "JK Tyre will always be a front-runner whenever it comes to technology technological innovation," stated Dr. Raghupati Singhania, CMD.
#6 Continental Tyre Corporation
Continental-Caoutchouc- und Gutta-Percha Corporations was started as a joint corporation on October 8, 1871, in Hanover, Germany.
Soft rubber items, rubberized cloth, and thick rubber tyres for motorcycles and horse-drawn carriages were all manufactured by the company.
Continental tyres are now manufactured in India for automobiles, buses, lorries, and other purposes.
#7 Bridgestone Company
Bridgestone, a Japanese tyre company with a footprint in India, is ranked 6th on our list of the top ten tyre brands. The corporation was formed in 1931 by Shojiro Ishibashi.
In India, the company operates tyre production facilities in Indore and Pune. It employs approximately 142,000 people globally.
#8 Metro Tyres Manufacturer
Metro Tyres has a 60 percent market share of the bicycle rickshaw tyres and tubes industry and a 24 percent stake in the bike tyres and tube sector in India, with a production capacity of around 30 million tyres and tubing per year.
Metro Tyres is now a USD 140 million corporations with 7 cutting-edge manufacturing facilities, 10,000+ dealers all across the country, and an international reach in 53 countries.
#9 Dunlop India
Dunlop India, a tyre firm in India operated by Ruia Group, is next on the list. Dunlop India's origin goes back to 1896, when the firm first began selling cycle tyres.
Dunlop India is a dependable tyre brand in India, with a substantial market share in Agricultural tyres, bike tyres, bus wheels, truck tyres, and other types of tyres manufactured by the company.
#10 Modi Rubber Private Limited
Modi Rubber Limited, an Indian Tyre Manufacturer And distributor noted for increasing production of tyres, is ranked 10th on this list. The business is rapidly expanding, with total income exceeding Rs 22 crore in the past financial year.
Conclusion
This page outlines the greatest tyre brands in India. One of them would have chosen a specialty on which to concentrate. But we strongly urge you to choose tyres depending on your needs as well as the supplier that better fits them. You will have a good grasp of which solid best prospects your demands after researching this topic just on top 10 Tyre companies in India.
FAQs: Tyre manufacturers
Q. What are the finest brands of tyres for a compact car?
Ans. It all depends on what you need from tyre; if you really want activity, choose the achievement classification offered by each brand; if you want mileage, choose the fuel efficiency division. Brands like Pirelli and Bridgestone are unrivaled in terms of results, while Indian brands like MRF and Apollo are experts of fuel economy and economy.
Q. What is the greatest low-cost tyre brand?
Ans. Indian businesses such as MRF, Apollo, and JK Tyre are the greatest whenever it comes to inexpensive tyres. Therefore, while purchase, we advise double-checking each manufacturer and reviewing tyre testimonials.
Q. When should I change my tyres?
Ans. Checking your tyres regularly is a good driving habit. The normal drive lifetime of a tyre is 50,000 kilometers, with enhanced mileage tyres surviving up to 90,000 kilometers. Generally, it depends on how you ride; if you travel each day, you'll probably need to replace your tyres every 3-4 years. You may replace this after 5-7 years but only if you are a vacationing driver.
Q. For my sedan, exactly what sort tyres do I need to get?
Ans. Since sedans are developed for convenience, a comfortable radial tyre with excellent noise and water channeling properties is required. You can also get 'Run on Flat' tyres that might be punctured flat and run for a particular number of kilometers before being replaced.
