The heavy investment driven tyre industry contributes almost 3% of country’s manufacturing GDP when the entire automotive sector accounts for 7.1% of the GDP. It is the engine of mobility and the soul of auto sector.

Growth in tyre sector indicates growth in auto sector which ultimately leads to growth in the economy.India produces one of the largest varieties of tyre in the world. The industry is Raw material intensive industry in which raw material alone accounts for 60% of revenue.

Indian tyre industry almost doubled from 30000 crores in 2010-11 to 59500 crores in 2017-18. Global tyre trade is almost USD80 billion in which Indian contribution is about USD1.5 billion.

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