Rapid Integration of the Indian Tyre Industry into Global Supply Chains

India is transforming the tyre manufacturing landscape, anticipating a 2.5x revenue surge from $9 billion to $22 billion over the next decade. The Indian Tyre industry, currently reaching customers in 170 countries, attributes its success to a combination of quality, cost-effectiveness, and advanced manufacturing. 

Government initiatives, such as countervailing duties and Atmanirbhar Bharat, play a pivotal role in reducing imports and propelling industry growth. Consistent raw material supplies, coupled with innovations like smart sensors and self-healing tires, along with a notable 50% export increase in 2022, underscore the upward trajectory of India’s tyre industry.

Read More