The tyre manufacturers in India have been growing leaps and bounds in recent years.
According to records, almost 9 crore tyres are produced every year.
The tyre industry in India is one of the most important industry. There is no doubt about the fact that the tyres are considered the most important part of any vehicle. It is very important to maintain the quality of tyres so that drivers have a safe and pleasant drive. The tyre has a major relationship with the effeciency of fuel and keeping the vehicle safe and stable.
Hence, there are a lot of tyre manufacturers in India, both big and small that manufacturers tyres at reasonable prices.
With a lot of top companies like Apollo and JK making a mark in the tyre industry, this blog aims to discuss the top 10tyre manufacturers in India.
- Apollo Tyres
Apollo Tyres is definitely something beyond an acclaimed brand in our nation – it is the seventeenth biggest tyre maker in the whole world. It is situated in Gurgaon, Haryana. The organization was established in 1976, and from that time onwards, it has turned out to be one of the main tyre providers both here, and in the European market too.
It leads the list of tyre manufacturers in India with a market share of-of 62.6% in India. They have sold Rs. 117.1 billion in 2016, having a net profit of Rs. 10.93 bn. The year 2016 saw Apollo tyres keep up its position in Truck and Bus portions. The organization’s powerful and quality portfolio guaranteed that it drives the market with over 25% market share. This year the organization presented XT-7 Gold HD, another truck tyre with enhanced durability for moderate to high load applications. It has 4,900 merchants in India
- JK Tyres and Industries Limited
Situated in Delhi, it was formed in 1974, and in no time, established itself as the market leader in Truck/Bus Radial Tyre section in India and is the main tyre maker offering the whole scope of 4 wheeler radials for trucks, transports and autos.
JK Tyres states itself as ‘The Badshah of radial tyres on Indian streets’ with more than 3-million truck and transport outspread tyres on Indian streets. It is likewise India’s No. 1 truck and transport tyre maker. It was awarded as a Superbrand for the year 2013-2014. The company additionally got the ‘Brand of the Year’ Award in 2015 at World Branding Awards held in London.
Therefore, it enjoys a prominent position in the list of tyre manufacturers in India. In 2016, it exported tyres worth 581 crores.
- MRF Tyres Ltd.
Madras Rubber Factory (MRF) which was formed in 1946, is a worldwide organization and the biggest maker of tyres presently in India. The organization has an edge over many other organisations as far as the technology with its world-class facilities is concerned.
For the twelfth time over the last 16 years, it has been positioned as India’s No 1 tyre maker in the consumer loyalty in the J D Power Asia Pacific 2016 India Original Tyre Satisfaction Study for Passenger autos for SUVs and Passenger vehicles.
- CEAT Ltd.
Built up in 1958, and a lead organization of RPG Enterprises, it is one of the best tyre manufacturers in India with a limit of taking off in excess of 95,000 tyres for each day. Its real share of the overall industry is in the light truck and truck tyre market fragment.
The organization’s significant offer of its export deals originates from Middles East (29%).
- Balkrishna Industries Ltd.
The organization is as of now an OEM merchant for the overwhelming hardware producers like JCB organization, John Deere and CNH Industrial. Balkrishna Industries Ltd has formed a reputation as a worldwide player and right now possesses 6% market share of the worldwide “off the road tyre segment”.
In 2013, it was positioned as 41st among the world’s tyre producers. The organization is known for its great administrations and strong tyres.
- TVS Srichakra Ltd.
The TVS bunch is one of India’s biggest modern combinations and TVS Sundaram Iyengar and Sons Ltd. (TVS and Sons) is its parent and holding organization. TVS Srichakra is one of the main two and three-wheeler Tyre Manufacturers in India.
Set up in 1911, the organization has been moving in excess of 11 million tyres every year. They are perceived as the biggest producer of mechanical pneumatic tyres, farm and implements tyres, multipurpose tyres. Net pay – INR 2,082 crores (2016 report).
- Goodyear India Ltd.
Parent association, Goodyear Tyre and Rubber Company (Global Name) were established in 1898, with central command at Ohio (USA), they continued accomplishing reputation in terms of being one of the leading tyre manufacturers in India.
They claimed World’s first Detachable tyre and the Mass-created Car, for example, the Model T-Ford. They are additionally occupied with the assembling of tyres for various items, for example, Automobiles, Trucks, Racing Cars, Airplanes, Farm Equipment and Heavy Earth-Mover Machinery. The organization has offices over 6 continents and yearly sales of over $16 bn. The sales in the Financial Year 2015-2016 for tyres was INR 1, 78,223 Lakhs.
- Govind Rubber Ltd.
It is a worldwide name for a range of world-class bike tyres. Established by late Mr M.P. Poddar in 1964, their initiation was laid with an aphorism of making sturdy and solid tyres for the (at that point) nascent Indian bike industry.
- PTL Enterprises Ltd.
It was incorporated as an organization in 1959 and only after a few years, came into existence as one of the tyre manufacturers in India. It turned into a partner organization of Apollo tyres ltd (ATL) in 1995. They have a plant in Kerala and are fabricating tyres since 1962, and currently, that plant is on rent to Apollo Tyres on a long term contract. PTL Enterprises is listed on Bombay and Cochin stock trades and has more than 7,000 investors.
- Falken Tyre India Pvt. Ltd.
Propelled in Japan in 1983, and later presented itself in North America, the central stations of Falken are based out of California. Presently, after 34-years, Falken has turned into an outstanding brand that centres around Ultra-High Performance for items like Light Truck, Commercial Medium Truck and Bus Radial Tyres while using proficient motorsports to additionally create and enhance items for overall circulation. It has for long been one of the besttyre manufacturers in India.
Sumitomo, the parent unit of Falken, is the world’s sixth biggest tyre producer, and the product scope of Falken coordinates exceptionally well with the organization’s worldwide models. In India, the organization deals in traveller vehicles and SUV radial tyres.
So, the organisations, particularly in India have started to understand how tyres are extremely important in running a vehicle smoothly and safely. Consequently, the number of tyre manufacturers in India is increasing rapidly. They all are ensuring that the tyre industry in India has a bright future.