India’s tyre industry is a growing sector, supported by robust automotive demand. The combined market capitalization of the top tyre companies exceeds ₹1.8 lakh crore. These companies lead with innovation and global competitiveness.
India’s tyre industry is valued at ₹65,000 Cr and is expected to grow at a CAGR of 8% through 2025. Rising vehicle sales, export demand, and infrastructure projects are driving this growth.
Market Cap: ₹55,569.58 Crore Headquartered in Chennai, MRF is India’s largest tyre manufacturer and a global leader in high-performance tyres. The company produces tyres for cars, motorcycles, and commercial vehicles. Brands: MRF ZLX, Wanderer, Perfinza. Data as of 18th December 2024. Source – NSE.
Market Cap: ₹54,673.97 Crore Based in Mumbai, Balkrishna Industries specializes in off-highway tyres for agriculture, construction, and industrial applications. With exports to over 160 countries, it is a global player in niche segments. Data as of 18th December 2024. Source – NSE.
Market Cap: ₹33,765.14 Crore Headquartered in Gurgaon, Apollo Tyres is a market leader in passenger and commercial vehicle tyres. Known for its innovation and quality, Apollo has a strong presence in India and Europe. Brands: Apollo, Vredestein. Data as of 18th December 2024. Source – NSE.
Market Cap: ₹12,564.41 Crore Mumbai-based Ceat is known for its durable and reliable tyres for two-wheelers, passenger cars, and trucks. The company emphasises sustainable practices and customer-centric solutions. Data as of 18th December 2024. Source – NSE.
Market Cap: ₹11,111.51 Crore JK Tyre is a pioneer in radial tyre technology and has a strong global presence, with manufacturing facilities in India and Mexico. Data as of 18th December 2024. Source – NSE.
Market Cap: ₹3,292.60 Crore Though primarily known for industrial belts, Pix Transmissions also excels in niche tyre manufacturing. Its strong focus on innovation makes it a notable player. Data as of 18th December 2024. Source – NSE.
The Indian tyre industry is growing rapidly, supported by increased vehicle sales and exports. Companies like MRF and Balkrishna Industries lead the market, offering robust investment opportunities for investors. Source – NSE