Home / Business and Economy / India's Tyre Giants Conquer Global Market
India's Tyre Giants Conquer Global Market
24 Nov
Summary
- Four Indian tyre companies ranked among the world's top 20.
- MRF leads Indian manufacturers at 13th globally.
- India's tyre industry expects massive growth by 2047.
Indian tyre companies have significantly elevated their international stature, with four manufacturers now listed among the top 20 globally. MRF holds the highest rank at 13th, closely followed by Apollo Tyres at 14th. JK Tyre & Industries secured the 19th position, while CEAT made its debut on the elite list at 20th.
This impressive growth highlights India's manufacturing capabilities and focus on technology. Apollo Tyres and JK Tyre have notably improved their rankings over the past decade, with CEAT showing strong recent momentum. Indian firms also demonstrate leadership in specialized segments like racing, motorcycle, and farm tyres.
Projections indicate substantial future expansion, with India's tyre production volumes expected to grow nearly fourfold by 2047, and industry revenues surging to approximately ₹13,00,000 crore, solidifying the nation's position as a global tyre manufacturing hub.
