The manufacturing industry in India has been expanding steadily. This increase was driven by both export and local markets, with export orders growing at their fastest rate. With major investments in manufacturing, infrastructure, and emerging industries like electronics and electric cars, India is moving closer to its goal of becoming a 10 trillion-dollar economy over the next ten years. The growing automotive industry, urbanization, and increasing consumer demand for automobiles have all contributed to the notable rise of India’s tyre business in recent years. India is home to some of the world’s biggest tyre markets, which are bolstered by both local and international manufacturers. We have prepared a list of some of the best type brands for you. Given below is a thorough analysis of the top 10 Indian tire producers as of 2024, these companies are renowned for their performance, quality, as well as innovation. Have a closer look at them!
1. Apollo Tyres Ltd:
Since its founding in the year 1972, Apollo Tyres has consistently strived for a no. 1 ranking. It is present in more than 100 different countries and operates production units in Hungary, the Netherlands, and India. Apart from that, it has international R&D facilities in Europe and India, as well as an abroad headquarters in Amsterdam. Under the brands Apollo, Vredestein, Kaizen, and Regal, the company manufactures tires for a wide range of automobiles. While the latter two concentrate on regionally specific commercial vehicles, Apollo offers a broad range of products, including off-road vehicles, passenger cars, commercial vehicles, and two-wheelers. However, Apollo’s products are more affordable, it does include some of high-performance options, similar to MRF.
2. MRF Limited:
MRF handles manufacturing units at various locations. MRFs’ are popularly seen as a brand with a wide variety of tyres they offer. The current range comprises everything from entry-level ones to high-performance and luxury-car radials. MRF has also been commissioned to make vehicle-specific tyres in the past, and while not a lot of brands can handle that, MRF has consistently delivered. The brand is currently number 1 in overall sales, but in the domestic car market, it’s pipped to second by Apollo. As a replacement tyre brand, it’s still ahead.
3. CEAT Ltd:
CEAT which is a leading tire producer in India and beyond, was founded in 1958 as the flagship company of RPG Enterprises. Acknowledged for its inventiveness, it was the first in the world to be awarded the Deming Grand Prize by JUSE and the “Lighthouse Designation” by the World Economic Forum. CEAT facilitates sustainable growth through research and development in Gujarat and Frankfurt, and it has six manufacturing units in addition to its headquarters in the city of Mumbai. With an emphasis on safety as well as innovation, CEAT covers a wide range of vehicle categories and exports to more than hundred countries around the world.
4. JK Tyre & Industries Ltd:
A flagship of the JK Organization, JK Tyre & Industry Ltd. is one of the top 25 tyre producers worldwide and one of India’s leading tyre manufacturers. It has a forty-year history of innovation. Noteworthy accomplishments include getting listed as the largest off-road tire of India in the Limca List of Records. Known for its creativity through its cutting-edge R&D facilities, JK Tyre provides end-to-end solutions for a range of vehicle sectors, has cemented its place in the international innovation landscape.
5. Bridgestone Corp:
As one of the experts in sustainable mobility all around the globe, Bridgestone Corporation offers a variety of goods, including tires and tubes for different kinds of automobiles, retreading materials, and tire raw materials. With goods for passenger cars, trucks, airplanes, construction equipment, motorbikes, and more, Bridgestone is popular for its innovation and commitment to providing quality to its lovers.
6. TVS Srichakra Limited:
A leading producer and exporter of two-, three-, and off-highway tires in India, TVS Srichakra Limited is well-known due to its TVS Eurogrip brand. With cutting-edge technology and sophisticated R&D skills, it manufactures tires that dominate the industry worldwide. TVS Srichakra was founded in the year 1982 and has its headquarters in Madurai. It has manufacturing plants in Tamil Nadu as well as Uttarakhand and can produce more than 3 million tires each month. Its products are sold in more than 85 countries and have been tested under various driving conditions.
7. Balkrishna Industries Limited (BKT):
Since its founding in 1987, Mumbai, India-based Balkrishna Industries Ltd (BKT) has been a major force in the off-highway tire industry. With a total of one billion dollars in sales, BKT, which specializes in the industrial vehicle, construction, and agricultural sectors, has emerged as a global leader. BKT has a good brand image in more than one hundred and fifty countries and subsidiaries in North America and Europe. Apart from that, BKT’s innovative production facilities and cutting-edge technology support more than 7,000 workers across the globe.
8. The Goodyear Tyre & Rubber Company:
Goodyear, one of the biggest tire corporations in the world, employs about 72,000 people and runs 57 production plants in 23 different nations. Other than that, Goodyear sets high-end industry standards for performance and technology by inventing distinctive goods and services at its Innovation Centers in Akron, Ohio, and Colmar-Berg, as well as in Luxembourg. With an exclusive range of the latest technology, precision handling, all-weather dependability, and affordable quality, Goodyear’s tyres satisfy a vast range of consumer needs globally.
9. Continental Tyre Group Ltd:
The Continental Tyre Ltd. was founded in the year 1871 and is a technology business that specializes on sustainable mobility solutions. The brand is known to create cutting-edge and reasonably priced solutions for automobiles, machinery, and transportation systems. Known for its innovative technology, Continental provides a broad range of goods for passenger cars, trucks, and motorcycles in addition to services for the tire industry and digital management platforms.
10. Metro Tyre Ltd:
Metro International, and Metro Tyres Ltd, both are a part of one Metro Group, which is worth 140 million US dollars. Metro has 7 production facilities that are ISO-certified and manufacture tires and tubes for motorbikes, bicycles, and other types of vehicles. Metro is known to be a prominent exporter of bicycle tires from India and is present in more than 50 countries.