Tyre is one of the most useful part of Cycle, Automobile and Airplanes. In India there are hundreds of companies who manufactures tyre, In this article today will talk about some of the Top Tyre Manufacturers In India.
We understand the tyre industry by dividing it into two parts. The first part is that the original equipment manufacturer (OEM), it means that the tyre is made by any company from the beginning. And the second part is the replacement segment, tyres are redesigned by the companies after which they launch them again on the market.
Millions of people are getting employment directly and indirectly in the tyre industry. Because many types of raw materials like Rubber, Synthetic and others things are used in making tyres. Apart from this tyre has become so much in today’s date that many such small companies who recycle these tyres and suppling it on the market again and again.
Tyre Manufacturing Industry In India
Tyre industry contributes more than 3% to India’s manufacturing GDP. Big companies like MRF, Apollo, and JK Tyres have captured more than 60% of the Indian tyre market. According to the report the Indian tyre market is about ~70,000 Crores per year. And according to the Economic Times Indian tyre industry will grow around 13% to 15% in the FY22.
In the last few years, the demand of the car decreased about 13% to 15% and the tyre industry is totally depends on the automobile industry. Due to which the tyre industry was reduced about 8%. But again the tyre industry is taking good growth but the auto industry is still not back on its original growth and it is still struggling to grow.
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List of The Top Tyre Manufacturers In India
1. Madras Rubber Factory (MRF) Ltd.
Madras Rubber Factory MRF Limited is an Indian company started in 1940. The company initially made rubber balloons and is today a $3.2 billion company and exports tyres, tubes and toys to more than 65 countries worldwide.
MRF is the world’s sixth largest tyre manufacturer and the first largest tyre manufacturer in India. MRF tyre are also used in sports cars and super fast racing cars, besides its tyres are also used in super and expensive bikes.
The company has 10 manufacturing plants all over India across 450 acres. And more then 5000 dealer which operates 130 offices all over the world. According to the company more then 16,500 peoples direct and indirect employed.
2. Apollo Tyres Limited
Apollo Tyres Limited is an Indian multinational company that was started in 1972. The company exports tyres to over 100 countries worldwide and has an estimated turnover of $2.34 billion in the 2021 financial year. There are more than 19 thousand employees directly and indirectly employed in this company.
After India the major revenue source of the company is from European countries. The company have more then 5000 dealers and 2500 outlets all over the world.
3. JK Tyre & Industries Limited
JK Tyres Industries started in 1977, is one of the top Truck, Bus and Radial segment tyre manufacturer in India. It is considered the 25th largest manufacturing company in the whole world. Today the company supplies tyres to more than 105 countries and has more than 4,000 dealers, according to the company it manufactures more than 3.5 lakh tyres units every year and sells it in more than 500 of its branded outlets.
4. Cavi Elettrici e Affini Torino (CEAT) Limited
Cavi Elettrici e Affini Torino (CEAT) Limited is an Indian company started in 1924. The company was started by RPG Group in Italy. The company manufactures 165 lakh tire units per year and supplies to 100+ countries and has over 3400+ dealers working with 30,000+ sub-dealers across the globe.
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FAQs on Tyre Manufacturers
Who is the best TYRE manufacturer in India?
According to the market share Madras Rubber Factory (MRF) Ltd. is one of the Top Tyre manufacturer in India.
Which are Indian TYRE brands?
Madras Rubber Factory (MRF) Ltd., Apollo Tyres Limited, JK Tyre & Industries, CEAT Limited, Balkrishna Industries Limited these are the Top Tyre Manufaturer In India.
Is CEAT Indian company?
Cavi Elettrici e Affini Torino CEAT is an Indian manufacturer company started in 1920s.
Which tyre is most selling in India?
Madras Rubber Factory (MRF) Ltd., Apollo Tyres Limited and JK Tyre & Industries these companies are captured 60% of the tyre market in India. And according to the report MRF is one of the largest tyre and tube manufaturer in India.
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I’m Aman a Professional Web and Mobile App developer. Also I love to research content and write Articles for my lovely readers. I stated my online journey past 5 years back. Now I run my own Digital Marketing Agency Hubdm.com