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    India Tyre Manufacturers Market

    ID: MRFR/AM/20074-HCR
    128 Pages
    Swapnil Palwe
    October 2025

    India Tyre Manufacturers Market Research Report Information By Vehicle Type (Two Wheelers, Three Wheelers, Passenger Cars, Light Commercial Vehicles, Medium and Heavy Commercial Vehicles, Off the Road), By OEM and Replacement (OEM Tyres, Replacement Tyres), By Domestic Production and Imports (Domestic Production, Imports), By Radial and Bias Tyres (Bias Tyres, Radial Tyres), By Tube and Tubeless Tyres (Tube Tyres, Tubeless Tyres), By Tyre Size (Small, Medium, Large), By Price (Low, Medium, High) –and India Market Forecast Till 2035

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    Summary Table of Contents Segmentation Download PDF

    India Tyre Manufacturers Market Summary

    As per MRFR analysis, the India Tyre Manufacturers Market Size was estimated at 10.65 USD Billion in 2024. The India Tyre Manufacturers industry is projected to grow from 11.18 USD Billion in 2025 to 18.22 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 5.0 during the forecast period 2025 - 2035.

    Key Market Trends & Highlights

    The India Tyre Manufacturers Market is poised for growth driven by sustainability and technological advancements.

    • Sustainability initiatives are increasingly shaping the production processes of tyre manufacturers in India.
    • Technological advancements are enhancing the performance and durability of tyres, particularly in the passenger car segment.
    • The e-commerce sector is expanding rapidly, influencing the distribution channels for tyre sales.
    • Rising vehicle production and infrastructure development are key drivers propelling the market forward.

    Market Size & Forecast

    2024 Market Size 10.65 (USD Billion)
    2035 Market Size 18.22 (USD Billion)
    CAGR (2025 - 2035) 5.0%

    Major Players

    MRF Limited (IN), Apollo Tyres Ltd (IN), CEAT Ltd (IN), Balkrishna Industries Ltd (IN), JK Tyre & Industries Ltd (IN), Goodyear India Ltd (IN), Bridgestone India Pvt Ltd (IN), Continental Tires India Pvt Ltd (IN)

    India Tyre Manufacturers Market Trends

    The India Tyre Manufacturers Market is currently experiencing a dynamic phase characterized by evolving consumer preferences and technological advancements. The demand for high-performance tyres is on the rise, driven by an increase in vehicle ownership and a growing emphasis on safety and efficiency. Manufacturers are increasingly focusing on sustainability, integrating eco-friendly materials and processes into their production lines. This shift not only caters to environmentally conscious consumers but also aligns with global trends towards reducing carbon footprints. Furthermore, the market is witnessing a surge in the adoption of smart tyre technologies, which enhance vehicle performance and safety through real-time monitoring and data analytics. In addition to these developments, the competitive landscape of the India Tyre Manufacturers Market is becoming more intricate. Established players are expanding their product portfolios, while new entrants are leveraging innovative strategies to capture market share. The rise of e-commerce platforms is also reshaping distribution channels, making it easier for consumers to access a wider range of products. As the market continues to evolve, it appears poised for further growth, driven by advancements in technology and changing consumer expectations. Stakeholders must remain vigilant to adapt to these trends and capitalize on emerging opportunities.

    Sustainability Initiatives

    Manufacturers are increasingly prioritizing eco-friendly practices, utilizing sustainable materials and processes in tyre production. This trend reflects a broader commitment to environmental responsibility and caters to a growing consumer base that values sustainability.

    Technological Advancements

    The integration of smart technologies in tyres is gaining traction, with features such as real-time monitoring and data analytics enhancing vehicle safety and performance. This trend indicates a shift towards more intelligent and connected automotive solutions.

    E-commerce Growth

    The rise of online platforms is transforming distribution channels within the India Tyre Manufacturers Market. Consumers are now able to access a diverse range of products conveniently, prompting manufacturers to adapt their sales strategies accordingly.

    India Tyre Manufacturers Market Drivers

    Growing E-commerce Sector

    The rapid expansion of the e-commerce sector in India is significantly influencing the India Tyre Manufacturers Market. As online shopping continues to gain traction, the demand for delivery vehicles is increasing, thereby driving the need for reliable and efficient tyres. The e-commerce market is projected to grow at a CAGR of over 20% in the coming years, necessitating a robust logistics framework. This growth translates into heightened demand for commercial tyres that can support the logistics and delivery networks. Tyre manufacturers are likely to innovate and develop products tailored to meet the specific requirements of e-commerce logistics, such as enhanced durability and fuel efficiency. Consequently, the India Tyre Manufacturers Market is poised to capitalize on this trend, aligning product offerings with the evolving needs of the e-commerce landscape.

    Rising Vehicle Production

    The India Tyre Manufacturers Market is experiencing a notable surge in vehicle production, driven by increasing consumer demand for personal and commercial vehicles. In recent years, the production of passenger vehicles has seen a compound annual growth rate (CAGR) of approximately 5.5%, indicating a robust market for tyres. This growth is further supported by government initiatives aimed at enhancing manufacturing capabilities and infrastructure development. As vehicle production escalates, the demand for high-quality tyres is expected to rise correspondingly, providing a significant opportunity for tyre manufacturers to expand their market share. The increasing focus on safety and performance in vehicle design also necessitates the development of advanced tyre technologies, thereby propelling the India Tyre Manufacturers Market forward.

    Technological Innovations

    Technological innovations are reshaping the India Tyre Manufacturers Market, as manufacturers increasingly adopt advanced technologies to enhance tyre performance and safety. The integration of smart technologies, such as sensors and IoT, into tyre design is becoming more prevalent, allowing for real-time monitoring of tyre conditions. This trend is expected to drive the demand for high-tech tyres that offer improved fuel efficiency and longevity. Furthermore, the introduction of eco-friendly materials in tyre production aligns with the growing emphasis on sustainability. The market for smart tyres is anticipated to grow significantly, with projections indicating a potential increase in market share for technologically advanced products. As manufacturers invest in research and development, the India Tyre Manufacturers Market is likely to witness a transformation in product offerings, catering to the needs of modern consumers.

    Infrastructure Development

    The ongoing infrastructure development in India is a critical driver for the India Tyre Manufacturers Market. With substantial investments in road construction and maintenance, the demand for commercial vehicles, including trucks and buses, is on the rise. The government has allocated significant budgets for the development of highways and rural roads, which is likely to enhance logistics and transportation efficiency. This, in turn, increases the need for durable and high-performance tyres that can withstand diverse road conditions. The expansion of the logistics sector, projected to grow at a CAGR of around 10% over the next few years, further underscores the potential for tyre manufacturers to cater to this burgeoning market. As infrastructure improves, the India Tyre Manufacturers Market stands to benefit from heightened demand for tyres across various vehicle segments.

    Increasing Export Opportunities

    The India Tyre Manufacturers Market is poised to benefit from increasing export opportunities as global demand for tyres rises. Indian tyre manufacturers are expanding their reach into international markets, capitalizing on competitive pricing and quality products. The export of tyres from India has shown a steady increase, with a growth rate of approximately 8% in recent years. This trend is supported by favorable trade agreements and the government's push for 'Make in India' initiatives, which aim to enhance the manufacturing sector's global competitiveness. As international markets seek reliable suppliers, Indian manufacturers are likely to strengthen their export capabilities, thereby contributing to the overall growth of the India Tyre Manufacturers Market. The potential for increased exports presents a lucrative avenue for manufacturers to diversify their revenue streams and enhance market presence.

    Market Segment Insights

    By Vehicle Type: Passenger Cars (Largest) vs. Two Wheelers (Fastest-Growing)

    In the India Tyre Manufacturers Market, the distribution of market share among different vehicle types reveals substantial insights into consumer preferences and emerging trends. Passenger Cars hold the largest share of the market, driven by increasing urbanization and rising disposable incomes, making them the preferred choice for many consumers. Compared to this, Two Wheelers are rapidly gaining traction, appealing particularly to the younger demographic and first-time buyers, thereby reflecting a significant shift in market dynamics. The growth trends for these segments highlight the evolving landscape of the automotive industry in India. Factors such as enhanced infrastructure, favorable government policies, and the rising demand for personal mobility solutions are propelling the growth of both segments. However, Two Wheelers are emerging as the fastest-growing category, attributed to their affordability, fuel efficiency, and ease of navigation in congested urban areas, indicating a robust shift towards more compact vehicle solutions among consumers.

    Passenger Cars: Dominant vs. Two Wheelers: Emerging

    Passenger Cars, positioned as the dominant segment in the India Tyre Manufacturers Market, benefit from a wide array of consumer choices and advancements in automotive technology. This segment regularly sees innovations, influencing tyre specifications to ensure safety, performance, and fuel efficiency. With features like advanced tread designs and materials that enhance comfort, Passenger Cars maintain their strong market presence. In contrast, Two Wheelers represent an emerging market, tailored to meet the demands of an increasingly mobile population. Characterized by their economical price points, compact sizes, and growing adaptability, this segment is experiencing a surge in popularity among new riders and families seeking economical transportation. The growing trend towards sustainable urban transport further boosts this segment's growth potential, thereby reshaping market dynamics.

    By OEM and Replacement: OEM Tyres (Largest) vs. Replacement Tyres (Fastest-Growing)

    In the India Tyre Manufacturers Market, OEM Tyres hold the largest market share due to strong agreements with automotive manufacturers and a stable demand for vehicle production. This segment is characterized by high-quality standards mandated by original equipment manufacturers, which drives the preference for premium products. Conversely, Replacement Tyres have gained significant traction, fueled by an increase in vehicle ownership, urbanization, and a rising middle-class population seeking viable replacement options that offer durability and performance.

    Tyres: OEM (Dominant) vs. Replacement (Emerging)

    OEM tyres are primarily designed for new vehicles and are manufactured with rigorous standards, making them the preferred choice for auto manufacturers. They emphasize quality, safety, and performance, aligning with the requirements of new car buyers. On the other hand, Replacement Tyres are emerging rapidly, driven by the growing number of vehicles on the roads. Consumers in this segment are increasingly looking for cost-effective, high-performance alternatives. As the replacement market expands, there are innovative replacements focusing on sustainability and advanced technology, which are reshaping consumer choices in India.

    By Domestic Production and Imports: Domestic Production (Largest) vs. Imports (Fastest-Growing)

    In the India Tyre Manufacturers Market, domestic production holds a significant share, accounting for the majority of tyre supply in the country. This segment benefits from established manufacturing capabilities and the ability to cater to the specific needs of the local market, offering a diverse range of tyres suitable for various vehicles. On the other hand, imports are gaining traction as a supplementary source, particularly for specialized and premium tyres not manufactured domestically. This trend indicates a competitive landscape where both domestic production and imports play vital roles in meeting consumer demand. Growth trends in the India Tyre Manufacturers Market are increasingly influenced by innovation in production technology and rising consumer preferences for high-quality tyres. The domestic production segment is leveraging advancements to improve efficiency and enhance product offerings. Meanwhile, imports are experiencing rapid growth fueled by the increasing demand for imported premium tyres from global brands, as well as the expanding automotive sector in India. With rising vehicle ownership rates, both segments are well-positioned to evolve and capture market opportunities in the coming years.

    Domestic Production (Dominant) vs. Imports (Emerging)

    Domestic production in the India Tyre Manufacturers Market is characterized by a well-established network of manufacturers who have adapted to the region's unique demands. This segment dominates the market due to its ability to produce a wide range of tyre types that cater to various segments, including passenger vehicles, commercial vehicles, and two-wheelers. These manufacturers typically focus on enhancing local supply chains and optimizing production processes, which drives down costs and improves product availability. Conversely, the imports segment is emerging, influenced by consumer trends toward premium products from international brands. As a result, imports serve as a complementary choice for consumers seeking specialized tyres, showcasing a dynamic interplay between local production strength and the allure of high-quality imported alternatives.

    By Radial and Bias Tyres: Radial Tyres (Largest) vs. Bias Tyres (Fastest-Growing)

    In the India Tyre Manufacturers Market, Radial Tyres dominate the segment with a substantial share, accounting for the majority of sales. These tyres have gained popularity due to their better performance, fuel efficiency, and increased durability compared to their bias counterparts. Bias Tyres, however, hold a notable presence and are preferred in certain applications despite their smaller market share, particularly in sectors requiring ruggedness and cost-effectiveness. The growth trends in the radial and bias tyres segment reflect changing consumer preferences and market dynamics. The Radial Tyres segment continues to benefit from the increasing demand for high-performance vehicles and the expansion of the automotive sector. In contrast, the Bias Tyres segment is experiencing rapid growth driven by the rising demand in agriculture and off-road applications where they offer robust performance and reliability.

    Radial Tyres (Dominant) vs. Bias Tyres (Emerging)

    Radial Tyres have established themselves as the dominant force in the Indian tyre market, favored for their advanced technology that offers superior handling, reduced rolling resistance, and extended lifespan. These tyres are particularly popular among passenger cars and commercial vehicles, reflecting a shift towards performance-oriented products. Conversely, Bias Tyres, while classified as an emerging segment, are carving out a niche in specific industries such as agriculture and construction. Their design, which includes a stiffer sidewall, suits the rugged terrains and varying loads of such applications, allowing them to gain traction in market segments that prioritize durability and cost-effectiveness.

    By Tube and Tubeless Tyres: Tubeless Tyres (Largest) vs. Tube Tyres (Fastest-Growing)

    In the India Tyre Manufacturers Market, the distribution of market share between tube and tubeless tyres reveals a significant preference for tubeless tyres. This is largely due to their growing presence in passenger vehicles and motorcycles, where enhanced performance and safety features are increasingly sought after. Conversely, tube tyres still maintain a notable segment, particularly in commercial vehicles and certain rural markets where durability and cost-effectiveness come into play. Overall, the transition towards tubeless technology is defining the competitive landscape of the tyre industry in India. Growth trends indicate that tubeless tyres are experiencing significant momentum, driven by rising consumer awareness and the increasing adoption of advanced automotive technology. The demand for tubeless tyres is expected to surge as manufacturers push for innovation, offering products that promise better fuel efficiency, reduced weight, and improved handling. On the other hand, tube tyres, while slower in growth, continue to present opportunities, especially in segments where traditional preferences and economic factors play a pivotal role. The contrasting trajectories of these segments highlight the evolving dynamics of the tyre market in India.

    Tyre Type: Tubeless Tyres (Dominant) vs. Tube Tyres (Emerging)

    Tubeless tyres have emerged as the preferred choice in the India Tyre Manufacturers Market, characterized by their ability to minimize air loss and provide greater safety in various driving conditions. They offer advantages such as lighter weight, lower rolling resistance, and improved fuel efficiency, making them highly suitable for a wide array of vehicles including passenger cars and motorcycles. The steady shift towards tubeless technology among manufacturers is indicative of a broader trend emphasizing performance and innovation. Conversely, tube tyres, although increasingly categorized as emerging, still find relevance in specific niches like heavy-duty commercial vehicles and rural applications where sturdiness is prioritized. Their ability to withstand punctures and lower initial costs keeps them as an important player in the market.

    By Tyre Size: Large (Largest) vs. Small (Fastest-Growing)

    In the India Tyre Manufacturers Market, the tyre size segment is categorized into small, medium, and large tyres. Currently, large tyres hold the largest share due to their extensive use in commercial vehicles and heavy machinery. This demand is reflective of India's growing infrastructure and transportation needs, which favor larger tyre sizes that can support heavier loads and offer improved durability. Conversely, small tyres are experiencing the fastest growth among the segments, largely driven by an increase in the number of two-wheelers and compact cars, especially in urban areas. The rise in small tyre production can be attributed to the expanding urban population and shifting consumer preferences towards smaller, more fuel-efficient vehicles. OEMs are increasingly focusing on innovation in small tyre technology to enhance performance and durability, making these tyres more appealing. Additionally, government policies promoting electric and compact vehicles further stimulate growth in the small tyre segment, indicating a dynamic shift that could redefine market trends in the coming years.

    Large (Dominant) vs. Small (Emerging)

    Large tyres are dominant in the Indian market, primarily utilized in commercial vehicles and machinery due to their robustness and load-bearing capabilities. Their superior traction and longevity make them a preferred choice for applications requiring durability and reliability. As infrastructure development continues to surge, the demand for large tyres is expected to remain stable. On the other hand, small tyres are emerging quickly, gaining traction as urbanization drives an increase in small vehicle registrations. The lightweight design and fuel efficiency of small tyres cater to the growing consumer preference for economical solutions. Moreover, improved manufacturing technologies have led to better performance attributes for small tyres, positioning them as a competitive alternative in the tyre market.

    By Price: Medium (Largest) vs. Low (Fastest-Growing)

    In the India Tyre Manufacturers Market, the price segment is characterized by a distinct distribution among low, medium, and high-priced tyres. The medium price segment holds a significant share, appealing to a broad consumer base that seeks a balance between performance and affordability. In contrast, low-priced tyres are emerging rapidly, fueled by increasing demand for cost-effective solutions in budget segments, particularly across urban and semi-urban areas. The growth trends within the price segment reveal a shifting consumer preference towards low-cost alternatives driven by rising competition and innovations in manufacturing processes. The expansion of e-commerce platforms is also making low-priced tyres more accessible to consumers. Additionally, the medium segment continues to grow steadily due to the strong demand from commercial vehicle sectors aiming for quality performance without straining budgets.

    Medium (Dominant) vs. Low (Emerging)

    In the India Tyre Manufacturers Market, the medium price segment is characterized by its balanced offering between cost and quality, making it the dominant choice among consumers. This segment caters to various vehicle types, from passenger cars to commercial vehicles, ensuring reliable performance and safety. On the other hand, the low price segment is rapidly emerging, driven by the need for affordability among cost-conscious consumers. This sector primarily attracts first-time buyers and those looking for basic functionality rather than premium features. The increasing variety of low-priced tyre options has intensified market competition, compelling manufacturers to enhance product quality while maintaining pricing strategies that appeal to budget-oriented consumers.

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    Regional Insights

    North America : Market Stability and Growth

    The North American tyre market is characterized by steady demand driven by the automotive sector's recovery and increasing vehicle sales. Regulatory support for eco-friendly products is also a significant growth driver. The region holds approximately 25% of The India Tyre Manufacturers, with the United States being the largest market, followed by Canada. The focus on sustainability and innovation in tyre manufacturing is expected to further boost market growth. Leading countries in this region include the United States and Canada, with major players like Goodyear and Bridgestone having a strong presence. The competitive landscape is marked by innovation in tyre technology, including smart tyres and eco-friendly materials. The market is also witnessing collaborations between manufacturers and technology firms to enhance product offerings and meet consumer demands.

    Europe : Innovation and Sustainability Focus

    The European tyre market is driven by stringent regulations on emissions and a growing demand for electric vehicles. This region accounts for approximately 30% of The India Tyre Manufacturers, with Germany and France being the largest contributors. The push for sustainable practices and innovative technologies is reshaping the market landscape, leading to increased investments in R&D and eco-friendly products. Germany, France, and Italy are the leading countries in this market, with key players like Continental and Michelin dominating the landscape. The competitive environment is characterized by a focus on high-performance tyres and sustainability initiatives. The presence of advanced manufacturing facilities and a skilled workforce further enhances the region's competitive edge in The India Tyre Manufacturers.

    Asia-Pacific : Rapid Growth and Expansion

    The Asia-Pacific tyre market is experiencing rapid growth, driven by increasing vehicle production and rising consumer demand. This region holds approximately 35% of The India Tyre Manufacturers, with India and China being the largest markets. The expansion of infrastructure and urbanization are significant catalysts for market growth, alongside government initiatives promoting local manufacturing and investment in the automotive sector. India and China lead the market, with major players like MRF and Apollo Tyres making significant contributions. The competitive landscape is marked by a mix of domestic and international players, with a focus on cost-effective production and innovation. The presence of a large consumer base and increasing disposable income further fuels demand for tyres in this region.

    Middle East and Africa : Emerging Market Potential

    The Middle East and Africa tyre market is witnessing growth driven by increasing vehicle ownership and infrastructure development. This region accounts for approximately 10% of The India Tyre Manufacturers, with South Africa and the UAE being the largest markets. The demand for both passenger and commercial tyres is on the rise, supported by government initiatives to enhance transportation networks and boost local manufacturing. South Africa and the UAE are leading countries in this market, with key players like Continental and Bridgestone establishing a strong presence. The competitive landscape is evolving, with a focus on meeting the diverse needs of consumers and adapting to regional market dynamics. The growth of e-commerce and online sales channels is also contributing to market expansion.

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development in order to expand their product lines, which will help the tyre manufacturers market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the tyre manufacturers industry must offer cost-effective items.

    Major players in the tyre manufacturers market are attempting to increase market demand by investing in research and development operations, includes MRF Limited, CEAT Limited, JK Tyre & Industries Ltd., Apollo Tyres Ltd.

    Key Companies in the India Tyre Manufacturers Market market include

    Industry Developments

    • Q2 2025: Continental Tires Announces Strategic Realignment of its Product Portfolio in India Continental announced it will discontinue its truck and bus radial tyre business manufacturing operations in India as of June 2025, as part of a strategic realignment of its product portfolio in the country.
    • Q4 2024: 5 Undervalued Tyre Stocks to Watch Out for in 2025 In December 2024, CEAT entered into a definitive agreement to acquire Michelin's Camso brand's off-highway tyres (OHT) and tracks business for US$ 225 million, expanding its global footprint in North America and the European Union.

    Future Outlook

    India Tyre Manufacturers Market Future Outlook

    The India Tyre Manufacturers Market is projected to grow at a 5.0% CAGR from 2024 to 2035, driven by increasing vehicle production, urbanization, and demand for sustainable products.

    New opportunities lie in:

    • Expansion into electric vehicle tyre manufacturing
    • Development of smart tyre technology for real-time monitoring
    • Partnerships with ride-sharing companies for bulk tyre supply

    By 2035, the market is expected to be robust, driven by innovation and strategic partnerships.

    Market Segmentation

    Tyre Manufacturers Price Outlook

    • Low
    • Medium
    • High

    Tyre Manufacturers Tyre Size Outlook

    • Small
    • Medium
    • Large

    Tyre Manufacturers Vehicle Type Outlook

    • Two Wheelers
    • Three Wheelers
    • Passenger Cars
    • Light Commercial Vehicles
    • Medium and Heavy Commercial Vehicles
    • Off the Road

    Tyre Manufacturers OEM and Replacement Outlook

    • OEM Tyres
    • Replacement Tyres

    Tyre Manufacturers Radial and Bias Tyres Outlook

    • Bias Tyres
    • Radial Tyres

    Tyre Manufacturers Tube and Tubeless Tyres Outlook

    • Tube Tyres
    • Tubeless Tyres

    Tyre Manufacturers Domestic Production and Imports Outlook

    • Domestic Production
    • Imports

    Report Scope

    MARKET SIZE 202410.65(USD Billion)
    MARKET SIZE 202511.18(USD Billion)
    MARKET SIZE 203518.22(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR)5.0% (2024 - 2035)
    REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR2024
    Market Forecast Period2025 - 2035
    Historical Data2019 - 2024
    Market Forecast UnitsUSD Billion
    Key Companies ProfiledMarket analysis in progress
    Segments CoveredMarket segmentation analysis in progress
    Key Market OpportunitiesAdoption of sustainable materials and technologies in the India Tyre Manufacturers Market presents significant growth opportunities.
    Key Market DynamicsRising demand for electric vehicles drives innovation and competition among India tyre manufacturers.
    Countries CoveredNorth America, Europe, APAC, South America, MEA

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    FAQs

    How much is the tyre manufacturers market?

    The India tyre manufacturers market size was valued at USD 9.66 Billion in 2023.

    What is the growth rate of the tyre manufacturers market?

    The market is projected to grow at a CAGR of 5.00% during the forecast period, 2024-2032.

    Who are the key players in the tyre manufacturers market?

    The key players in the market are MRF Limited, CEAT Limited, JK Tyre & Industries Ltd., Apollo Tyres Ltd.

    Which Vehicle Type led the tyre manufacturers market?

    The Two Wheelers category dominated the market in 2023.

    Which OEM and Replacement Segment had the largest market share in the tyre manufacturers market?

    The OEM Tyres category had the largest share in the market.

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