Archive · 16 Sep 2025
Indian Tyre Industry Projects 12-Fold Revenue Growth by 2047
The Indian tyre industry is predicted to increase its revenue twelve times by 2047, reaching ₹13,000 crore.
This growth is fueled by the increasing demand for tyres from the car, and two-wheeler manufacturers, as well as expanding vehicle exports and the need for replacement tyres.
A plan called CHARGE, developed by PwC India, aims to guide the industry toward its goals.
This plan focuses on customer needs, quality, adaptability, innovation, and strategic partnerships.
Indian tyre industry revenue is projected to grow 12-fold by 2047.
Production volumes are expected to expand nearly four times by 2047.
Growth is driven by strong domestic demand and vehicle exports.
The report is a joint effort by ATMA and PwC India.
A CHARGE framework is proposed to achieve the industry's 2047 vision.
- Who
- Indian tyre industry
- What
- Projected revenue and production volume growth
- When
- By 2047
- Where
- India
- Why
- Driven by domestic demand and vehicle exports
Challenges
Growth Drivers
Key Challenges
Challenges
Sustained, cost-competitive natural rubber availability, regulatory environment, and non-tariff barriers.
Growth Drivers
Robust passenger and commercial vehicle sales, and export strategies.
- Projected Revenue in 2047
- ₹13,000 crore
- Revenue Growth Multiple
- 12-fold
- Production Volume Growth by 2047
- Around four times
- Report Authors
- ATMA and PwC India
- Strategic Framework
- CHARGE
Sources
India’s tyre industry revenue to grow 12X by 2047: MRF, Apollo, CEAT in focus
ATMA-PwC Report Projects Rs 1,300 Trillion Tyre Market in India by 2047
Indian tyre industry to grow 12-fold in revenue at ₹13,000 crore till 2047: ATMA report