Indian Tyre Exports Surge by 17% in Q1 FY25

Tyre exports from India rose 17% YoY to Rs 6,219 crore in Q1 FY25, with the US being the largest market. The growth was driven by improved R&D, advanced technology, and competitive pricing despite global challenges. Motorcycle tyres saw the highest growth at 38%.

Tyre exports from India surged by 17% year-on-year to Rs 6,219 crore in the first quarter of the current fiscal year. The US emerged as the largest market for these goods, according to the Automotive Tyre Manufacturers Association (ATMA).

Recovering from a 14% decline in the same quarter last year, the export growth was fueled by robust R&D efforts, advanced technology products, and competitive pricing strategies. This data was released by the Ministry of Commerce, with ATMA Chairman Arnab Banerjee noting the positive impact of improving demand prospects and anticipated monetary easing.

The rise in tyre exports underscores the enhanced global integration of India's tyre industry. During Q1FY25, Indian tyres were exported to over 170 countries, with significant growth noted in motorcycle tyres (38%) and Truck & Bus Radial (TBR) tyres (31%). However, challenges such as global supply chain disruptions and rising shipping costs remain.

(With inputs from agencies.)