India Records 12% YoY Growth in Tyre Exports in H1
India’s tyre industry witnessed a 12% year-on-year (YoY) growth in exports during the first half of the financial year, with motorcycle tyres leading the segment, according to data from the Automotive Tyre Manufacturers Association (ATMA).
Motorcycle Tyres Drive Export Surge
Motorcycle tyres saw the highest demand among exported categories, reflecting India’s growing footprint in international markets. Key destinations for Indian tyre exports include the United States, Germany, and Brazil, with robust growth attributed to superior quality and competitive pricing.
Overall Export Performance
Exports of passenger car, truck, and bus tyres also contributed significantly to the growth, underlining a broad-based demand across segments. ATMA highlighted that tyre manufacturers are increasingly leveraging advanced technology to cater to global markets.
Industry Response
Industry experts attribute the export growth to improved manufacturing capabilities and diversification into new markets. “The Indian tyre industry continues to showcase its strength with consistent export performance, further enhancing its global competitiveness,” said a senior ATMA official.
Looking Ahead
The industry remains optimistic about sustaining this growth momentum in the second half, with a focus on innovation and expanding market reach. The sector’s strong export performance underscores its role as a vital contributor to India’s economic growth.
