India`s tyre export surges 9% to Rs 25 051 crore in FY25: ATMA
Automotive Tyre Manufacturers Association (ATMA) has said that tyre exports from India grew 9 per cent year-on-year to Rs 25,051 crore in FY25 as compared to Rs 23,073 crore in the previous fiscal despite headwinds, including trade policy uncertainties and global supply chain disruptions. With nearly 40 per cent of the industry's natural rubber (NR) requirement met through imports due to limited domestic availability, ATMA said there is an urgent need to accelerate domestic production through focused interventions to meet rising demand.
It stated with an estimated annual turnover of Rs 1 lakh crore and exports exceeding Rs 25,000 crore, the Indian tyre industry stands out as one of the few manufacturing sectors in the country with a high export-to-turnover ratio. ATMA Chairman Arun Mammen said ‘The tyre industry has exhibited remarkable resilience and growth post the COVID-19 downturn. Over the past 3-4 years, tyre manufacturers have invested approximately Rs 27,000 crore across greenfield and brownfield projects, underscoring their strong belief in India's economic trajectory.’
ATMA said Indian tyres are exported to over 170 countries, with a significant presence in the US, Europe, Latin America, and Southeast Asia. The US remains the top export market, accounting for 17 per cent of exports by value, followed by Germany (6 per cent), Brazil (5 per cent), the UAE (4 per cent), and France (4 per cent). It added segment-wise, farm/agricultural tyres and off-the-road (OTR) tyres dominate, together comprising nearly 60 per cent of the total tyre export value.
