Indian tyre exports have witnessed a significant surge in the first half of the current fiscal year, driven by investments in research and development, and strong global demand. According to data released by the Automotive Tyre Manufacturers Association (ATMA), Indian tyre exports in the first half of FY 2024-25 stood at ₹12,131 crore, registering a growth of 117% compared to the same period last year.
The growth in tyre exports can be attributed to the investments made by Indian tyre manufacturers in research and development, which has enabled them to produce high-quality tyres that meet global standards. Additionally, the growth in global demand for tyres, particularly from countries such as the United States, Europe, and China, has also contributed to the surge in Indian tyre exports.
According to K.M. Mammen, Chairman of ATMA, “The growth in Indian tyre exports is a testament to the industry’s commitment to quality and innovation. We expect the growth momentum to continue, driven by increasing global demand and investments in research and development.”
The tyre industry in India has been witnessing a significant transformation in recent years, driven by the government’s initiatives to promote exports and encourage investments in research and development. The industry has also been investing heavily in technology upgradation, capacity expansion, and skill development to enhance its competitiveness in the global market. The growth in tyre exports is expected to have a positive impact on the Indian economy, particularly in terms of foreign exchange earnings and employment generation.
