Indian Tyre Manufacturing on the Rise
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India's tyre exports reached a record Rs. 27,312 crore (US$ 3.09 billion) in FY26, registering 9 per cent growth from Rs. 25,057 crore (US$ 2.96 billion) in FY25 despite global supply chain disruptions, elevated logistics costs and ongoing trade uncertainty.
The US remained the largest export destination, accounting for 15 per cent of total export value at Rs. 4,082 crore (US$ 0.46 billion). Its share moderated from 17 per cent in the previous year following changes in tariff structures on Indian tyre imports.
Germany, Italy, Brazil and France also ranked among the key export markets, reflecting the sector's ability to diversify its global presence despite challenging international trade conditions. These results underline the growing competitiveness of Indian tyre manufacturers and the increasing acceptance of Indian products in major global markets.
According to the Automotive Tyre Manufacturers Association (ATMA), the industry's strong export performance reflects sustained investments in manufacturing capacity, product development and technological advancement.
Tyre manufacturers have invested around Rs. 30,000 crore (US$ 3.14 billion) in greenfield and brownfield projects over the past four to five years, strengthening production capabilities and supporting long-term growth. With an annual turnover of approximately Rs. 1 lakh crore (US$ 10.48 billion), the tyre industry continues to be one of India's leading manufacturing sectors and a major contributor to export earnings.
Capacity expansion, market diversification and continued investment have enabled Indian tyre producers to maintain their growth momentum despite external pressures. The sector's record export performance further reinforces India's growing position as a global hub for tyre manufacturing.
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