Tyre exports surge

 

India’s tyre exports surged by 9%, registering a value of Rs 25,051 crore in FY25, against Rs 23,073 crore in the previous fiscal. The tyre industry attributed this growth to sustained investment capacities, robust manufacturing activity and focused R&D. The resilience in export performance has been achieved despite significant headwinds, ranging from trade policy uncertainties and geopolitical risks to global supply chain disruptions, said the Automotive Tyre Manufacturers Association (ATMA). Mr Arun Mammen, Chairman, ATMA, said that the tyre industry has exhibited remarkable resilience and growth post the Covid-19 downturn. Over the past 3-4 years, tyre manufacturers have invested approximately Rs 27,000 crore across greenfield and brownfield projects, underscoring their strong belief in India’s economic trajectory. Quoting the PwC Vision document, he said the Indian tyre industry is expected to grow at a CAGR of 11-12% until 2047, as per a report.

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