Rolling Ahead: India’s Motor Cycle Tyre Exports Surge 11.7% in H1 FY25

India’s tyre industry has made significant strides in the global market, achieving an impressive 11.7% year-on-year growth in exports during the first half of FY2024-25. Valued at ₹12,131 crore, this growth underscores the rising global demand for Indian-made tyres, which are now exported to over 170 countries.

Performance Highlights: Key Segments and Markets

The Automotive Tyre Manufacturers Association (ATMA) highlighted strong performances across multiple tyre categories:

• Motorcycle Tyres: Leading the surge with a remarkable 37% growth in volumes, exporting 3.5 million units. Colombia emerged as the largest market for this segment.
• Passenger Car Radial Tyres (PCR): Exports rose by 18%, showcasing increasing demand in advanced and emerging markets.
• Truck and Bus Radials (TBR): Registered a 19% growth, emphasizing their critical role in the sector’s export success.

The United States continues to dominate as India’s top export destination, accounting for 15% of the total tyre export value. Other significant markets include Brazil, Germany, UAE, France, and Italy.

India’s Competitive Edge

Exports now contribute nearly one-third of India’s tyre production value, a testament to the industry’s growing global competitiveness. Several factors have driven this success:

1. High Manufacturing Standards: Indian tyre manufacturers have consistently delivered quality products that meet global expectations.
2. Diverse Product Offerings: From motorcycle tyres to radials for passenger cars, trucks, and buses, the sector caters to a wide range of market needs.
3. Strategic Global Penetration: With exports spanning developed and developing nations, Indian tyres have established a strong foothold worldwide.

Challenges and Resilience

Despite the strong performance, the industry has faced challenges such as rising raw material costs, supply chain disruptions, and economic uncertainties. Yet, Indian tyre manufacturers have shown resilience, leveraging cost advantages, enhancing R&D, and tapping into favorable trade conditions to maintain momentum.

Outlook: Accelerating Toward Global Leadership

The export growth in H1 FY25 reflects India’s potential to further strengthen its position in the global tyre market. As manufacturers continue to innovate and expand their global reach, the Indian tyre industry is poised for sustained growth, driving forward as a significant player on the international stage.