Home / Business and Economy / Indian Tyres Hit Record Export High Amid Global Slowdown
Indian Tyres Hit Record Export High Amid Global Slowdown
3 Jun
Summary
- Tyre exports reached a record ₹27,312 crore in FY26.
- US tariffs fluctuated but remained a key export destination.
- Domestic investment of ₹30,000 crore fuels industry growth.
Indian tyre exports reached an unprecedented ₹27,312 crore during fiscal year 2025-26, showcasing a 9% surge. This marks the second consecutive year of such growth, achieved amidst global economic slowdown and geopolitical instability.
The United States remained the primary export market, though its share saw a decline due to tariff volatility, including a temporary increase to 50% before a reduction to 18%. To mitigate these challenges, Indian manufacturers expanded their reach to over 170 countries, with Germany, Italy, and Brazil emerging as significant destinations.
The Automotive Tyre Manufacturers Association (ATMA) credits this performance to substantial domestic capital investment, with manufacturers investing approximately ₹30,000 crore in facilities over the last four to five years. This investment underscores confidence in India's economic prospects and its role as a global manufacturing hub.
With international shipments comprising over 25% of its revenue, the tyre industry is highly export-intensive. Future growth will likely depend on international trade agreements, technological advancements, and deeper integration into global automotive value chains, even as energy costs and supply chain delays persist.
