Indian tyre industry expected to scale a turnover of INR 1 trillion

06 Jan 2023 CW Team

In the past three years, the industry has invested INR 350,000 million in new capacity creation and debottlenecking.

According to a statement released by the Automotive Tyre Manufacturers Association (ATMA), "the new capacities will go on stream over the next couple of years to meet the growing demand in an economy that is poised to remain as the fastest growing for the next few years."

Due to the significant push for infrastructure expansion and an increase in economic activity, demand is anticipated to rise.

According to ATMA, "the new capacity will assist the industry in achieving a turnover of INR one trillion in the next three years from INR 750,000 million currently."

According to Satish Sharma,Chairman, ATMA "The investments that have been undertaken in a challenging time period span across all the key tyre segments, with truck and bus radials (TBR) and passenger car radials (PCR) manufacturing being the primary beneficiary."

According to ATMA, the domestic tyre sector is benefiting from a number of tailwinds, even though the external environment remains challenging.

According to the report, "Different segments of the auto sector have already reached or are reaching pre-pandemic levels in size and scale aiding demand for tyres." Furthermore, "premiumisation of the passenger car market with a clear preference for SUVs is creating an exponential rise in demand for higher profile tyres for 16-inch wheels and above."

According to Sharma, India's policy and regulatory environment is designed to foster industry competitiveness.

He added that the phasing out of older vehicles and the refusal to renew the registration of 15-year-old government vehicles will spur the demand for new vehicles, which will benefit a variety of related industries, including the tire industry, and begin a cycle of economic growth.

The Automotive Tyre Manufacturers Association has stated that the Indian tyre industry will be able to scale a turnover of INR 1 trillion in the next three years on the back of new capacities that are available. Although the external environment continues to be challenging, there are several tailwinds to the tyre sector's growth domestically. In the past three years, the industry has invested INR 350,000 million in new capacity creation and debottlenecking. According to a statement released by the Automotive Tyre Manufacturers Association (ATMA), the new capacities will go on stream over the next couple of years to meet the growing demand in an economy that is poised to remain as the fastest growing for the next few years. Due to the significant push for infrastructure expansion and an increase in economic activity, demand is anticipated to rise. According to ATMA, the new capacity will assist the industry in achieving a turnover of INR one trillion in the next three years from INR 750,000 million currently. According to Satish Sharma,Chairman, ATMA The investments that have been undertaken in a challenging time period span across all the key tyre segments, with truck and bus radials (TBR) and passenger car radials (PCR) manufacturing being the primary beneficiary. According to ATMA, the domestic tyre sector is benefiting from a number of tailwinds, even though the external environment remains challenging. According to the report, Different segments of the auto sector have already reached or are reaching pre-pandemic levels in size and scale aiding demand for tyres. Furthermore, premiumisation of the passenger car market with a clear preference for SUVs is creating an exponential rise in demand for higher profile tyres for 16-inch wheels and above. According to Sharma, India's policy and regulatory environment is designed to foster industry competitiveness. He added that the phasing out of older vehicles and the refusal to renew the registration of 15-year-old government vehicles will spur the demand for new vehicles, which will benefit a variety of related industries, including the tire industry, and begin a cycle of economic growth.

Infrastructure Urban

03 Nov 2025

VE Commercial Vehicles Reports 13.2% Sales Growth in October

VE Commercial Vehicles (VECV)—a joint venture between Volvo Group and Eicher Motors—recorded sales of 8,050 units in October 2025, up 13.2 per cent from 7,112 units in October 2024. The tally includes 7,771 Eicher brand units and 279 Volvo brand units. Eicher-branded trucks and buses posted sales of 7,771 units in October 2025 against 6,911 units a year earlier, reflecting 12.4 per cent growth. In the domestic market, Eicher sold 7,070 units compared with 6,611 units in October 2024—a rise of 6.9 per cent. On the exports front, VECV achieved a robust increase, selling 701 units versus ..

Infrastructure Urban

03 Nov 2025

BorgWarner Batteries to Power HOLON’s Autonomous Shuttle

BorgWarner, a global leader in sustainable mobility solutions, has secured a contract to supply its advanced battery system for the new HOLON urban—a 15-seater, Level 4 autonomous, fully electric shuttle developed by the BENTELER Group. This marks BorgWarner’s first contract for an autonomous vehicle battery system in North America. Each shuttle will feature two lithium nickel manganese cobalt oxide (NMC) 5AKM 157 cylindrical cell battery packs, each equipped with an integrated, replaceable contactor box and a multi-pack controller. The 57 kWh battery packs feature a modular design, stain..

Infrastructure Urban

03 Nov 2025

AtoB to Acquire India’s LogiPe in Global Fleet Fintech Expansion

LogiPe, a leading Indian fintech specialising in real-time payments and fleet solutions, has announced its upcoming acquisition by AtoB, a global financial services company transforming fleet payments and spend management. The move aims to strengthen AtoB’s worldwide capabilities in delivering next-generation financial services for fleet owners and operators. Founded in 2022, LogiPe works with over 10,000 fleet owners across India, offering prepaid card-based payment solutions to logistics players such as Bigstock Logistics and Instant Transports. The company pioneered real-time payments an..