Tyre exports from India elevated by 17% year-on-year within the first quarter of FY25, reaching INR 6219 crore. This restoration follows a 14% decline in the identical quarter the earlier 12 months, as reported by the Ministry of Commerce, Authorities of India. The expansion is attributed to a sustained concentrate on R&D, superior know-how merchandise, aggressive pricing, and branding efforts by Indian tyre producers. Improved demand in key export locations and anticipated financial easing additionally contributed to this constructive final result.Arnab Banerjee, Chairman of the Automotive Tyre Producers Affiliation (ATMA), acknowledged, “Sustained concentrate on R&D and growth of superior know-how merchandise aided by aggressive pricing and branding efforts helped Indian tyre producers drive progress in exports regardless of a difficult setting. Bettering demand prospects in key export locations and anticipated financial easing additionally helped progress.”
The rise in exports highlights the Indian tyre business’s rising integration with international provide chains. Banerjee elaborated, “The globally aligned regulatory setting within the nation for manufacturing of tyres additionally augurs properly for rising the addressable marketplace for Indian manufactured tyres.”
Passenger Automotive Radial tyres lead the sport
Passenger Automotive Radial (PCR) tyres had been the most important exported class from India in Q1FY25, adopted by Bike and Farm/Agri tyres. Indian tyres are exported to over 170 nations, with the US being the most important export vacation spot, accounting for 17% of the entire share. Different important export locations included Brazil, Germany, France, and Italy.
Bike tyres skilled the very best progress in export volumes at 38% in Q1FY25, adopted by Truck & Bus Radial (TBR) tyres at 31%.
Regardless of the constructive traits, Banerjee famous some potential downsides: “Draw back dangers to Indian tyre exports proceed together with international provide chain disruptions, geopolitical dangers, the West Asia disaster, and rising delivery prices. Nevertheless, the business is dedicated to fulfill the problem by means of continued concentrate on manufacturing sustainable tyres with superior efficiency.”
He additionally emphasised that improvements equivalent to eco-friendly and fuel-efficient tyres have resonated properly with international customers, aiding the business’s progress in exports regardless of current challenges.
