Indian tyre industry has been reporting good growth figures over the past few years, spurred by the growing passenger vehicle and two-wheeler market. It has emerged as one of the most competitive markets in the world and with the emergence of new technology, ultra-modern production facilities and availability of raw materials, the sector is poised to grow further. Major technological changes have taken place in tyre design from conventional bias or diagonal ply from the past to the current steel radial tyres, tubeless tyres, with low aspect ratio tyres, puncture resistant tyres etc. Testing standards have also evolved accordingly to ensure high performance, mileage, safety, reliability and longevity of the tyres. The Indian tyre industry has been quick in adopting the latest technology trends through foreign collaborations and tailoring these to Indian needs. The manufacturers are also investing in the development of ̳green tyres‘ and in capacity expansion for radial tyres. Innovative technologies like self-inflation and run flat tyres (RFT) are also gaining popularity in the Indian market. The market for radial tyres in the commercial vehicles segment has seen rapid growth in recent times.

Brief Statistics of Indian Tyre Industry (Financial Year 2011-2012)