India’s tyre exports surge by 17% in Q1 FY25

India’s tyre exports grew by 17% YoY in the Q1 of the current fiscal year, reaching Rs 6,219 crore, with the US being the largest market, according to the Automotive Tyre Manufacturers Association (ATMA). The growth is attributed to advanced technology, competitive pricing, branding initiatives, and improving demand prospects in major markets. Notably, motorcycle tyres saw a 38% increase in export volumes, followed by truck & bus radial tyres at 31%.

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India’s tyre exports increased by 17% YoY in the first quarter of the current fiscal year, hitting Rs 6,219 crore. The US emerged as the greatest market. The increase is linked to sophisticated technological goods, competitive pricing, and branding initiatives, as well as increased demand forecasts in major destinations, according to the Automotive Tyre Manufacturers Association (ATMA).

According to ATMA Chairman Arnab Banerjee, “a sustained focus on R&D and development of advanced technology goods, combined with competitive pricing and branding activities, enabled Indian tyre producers to drive export growth despite a challenging climate.”

“Improving demand prospects in key export destinations and expected monetary easing also helped growth. The rise in exports is a testament to the Indian tyre industry’s enhanced integration with global supply chains,” Banerjee added.

“The globally aligned regulatory environment in the country for manufacturing of tyres also augurs well for increasing the addressable market for Indian manufactured tyres,” Banerjee further adds.

During Q1 of FY25, the US was the leading export destination for Indian-made tyres, accounting for 17% of the total. According to the statement, other major export destinations included Brazil, Germany, France, and Italy.

Indian tyres are exported to more than 170 nations worldwide. Motorcycle tyres saw the greatest increase in export volumes (38% in Q1), followed by Truck & Bus Radial (TBR) tyres (31%).