Recording one of the highest growths across sectors, tyre exports from India jumped 50 per cent to reach a historically high figure of INR 21,178 crore in FY 2021-22, according to the data from the Ministry of Commerce, Government of India. In the previous year, tyre exports stood at just over INR 14,000 crore.
In the last two financial years when international trade was disrupted due to the Covid pandemic, tyre exports from India have gone up by 70 per cent.
Satish Sharma, Chairman, Automotive Tyre Manufacturers Association (ATMA), said, “The export performance bears testament to the ability of the Indian tyre industry to meet the rising expectations from India in the new geo-political scenario despite the odds of challenging times.”
While farm/ agri and OTR/ industrial tyres have traditionally been the largest exported tyre categories from the country, truck & bus radial (TBR) tyre exports have been fast rising up the charts and have grown nearly 2.5 times in the last three years from INR 1,263 crore in FY19 to INR 3,095 crore in FY22.
The new radial facilities set up by Indian tyre manufacturers vie with the best in the world in terms of technology helping the country notch up an impressive performance in exports, the release said, adding that India’s global standing as a reliable supplier of products has also been a
big positive.
Sharma added, “The industry is vastly helped by the Atma Nirbhar policy of the government aimed at creating an enabling environment for growth of the industry. The curb on indiscriminate import of tyres has helped the industry increase size and scale of production and align with global supply chains.”
Currently, Indian manufactured tyres are being exported to over 170 countries in the world including some of the most discerning markets in North America and Europe. The US continues to be the largest market for Indian tyres accounting for 19 per cent of total tyres exported from the country during the year. The top five export markets for Indian manufactured tyres in FY22 were US, Germany, Brazil, UK and France.
The Tyre Industry has the potential of further doubling exports from India in the next 3-4 years. While supply chain disruption is a global concern affecting industries and will get streamlined in due course of time, certain roadblocks faced by the tyre industry domestically need to be addressed on priority to provide a fillip to the exports. These concerns pertain to accessing Natural Rubber (NR) the key raw material in which India is vastly deficient. For instance, tyre industry needs to adhere to pre-import conditions for NR import against (tyre) export obligation. This makes the operations very constrictive and affects export performance, the release pointed out.
Growth in exports will benefit the entire Rubber value chain including a million tyre growers who are largely dependent on the growth of tyre industry, it added. (TT)
Webfleet Receives Three European Fleet Awards
- By TT News
- July 09, 2025
Webfleet, Bridgestone’s globally trusted fleet management solution, has earned three prestigious awards across Europe this month. In Germany, its AI-powered tool Fleet Advisor was recognised as the ‘Rising Star’ at the Baugewerbe Produkt des Jahres 2025 awards. Meanwhile, in Poland, Fleet Advisor – which leverages generative AI to deliver swift, insightful answers to critical fleet-related queries – secured the ‘Fleet Derby 2025’ award in the Digital/AI Innovation in Management category.
Additionally, in Spain, Webfleet received the ‘Award for Excellence in the Road Transport Industry’ from Cadena de Suministro, a leading logistics publication, honouring its 25-year legacy of innovation and transformative contributions to the mobility sector. These accolades highlight Webfleet’s continued leadership and technological advancement in fleet management.
Jan-Maarten de Vries, President of Fleet Management Solutions at Bridgestone, said, “Together, these awards highlight the strength of Webfleet’s dual commitment to cutting-edge innovation and customer-driven progress.”
Passenger Vehicle Forum To Be Held On 2nd September In Pune
- By TT News
- July 09, 2025
The 3rd Edition of the Passenger Vehicle Forum (PVF), a leading forum focussing on the passenger vehicle segment, is scheduled to take place on 3 September 2025, at Hyatt Regency, Pune.
This 2025 edition of PVF will focus on a wide area of topics such as – software-defined vehicles (SDVs) and E/E architecture transformation, electrification, hybridisation & future powertrains, connected, autonomous & smart mobility technologies, sustainability, alternative fuel, customer behaviour, retail transformation and aftermarket innovation.
The idea is to understand the present and future trends reshaping the passenger vehicle industry.
The event is expected to bring together over 300 senior decision-makers, more than 60 speakers and over 40 solution providers to debate, discuss and plan the way forward.
Since its debut, the Passenger Vehicle Forum is amongst one of the key platforms that brings together various stakeholders – OEMs, auto component manufacturers, mobility providers and policy influencers, all under one roof.
Linglong Tire Gets Recognition By HKUST, Harvard Business Review And Deloitte China
- By TT News
- July 09, 2025
Chinese tyre major Linglong Tire was recently recognised as one of the Best Managed Companies in China in an event joint held by Deloitte China, the Hong Kong University of Science and Technology (HKUST) Business School and the Harvard Business Review.
The tyre maker was recognised for its capabilities in the areas of strategic leadership, operational efficiency, integrated management and sustainable growth at the annual event.
Linglong Tire stated that the Best Managed Companies program is a globally recognised initiative under the guidance of Deloitte is said to be the only international award in China for the comprehensive evaluation of enterprise management systems.
The award in its 7th year saw potential companies evaluated on the bases of complex management questions, executive interviews and neutral expert assessments based on Deloitte’s global program. The companies were assessed on four criteria – strategy, expertise, commitment and financial strength.
- Hankook Tire
- Hankook Tire Hungary
- Hankook Tyres
- Key Supporter of Saint Pantaleon Hospital
- Semmelweis Day
Hankook Tire Hungary Honoured With ‘Key Supporter Of Saint Pantaleon Hospital’ Award
- By TT News
- July 09, 2025
Hankook Tire Hungary Ltd received the ‘Key Supporter of Saint Pantaleon Hospital’ award during the hospital's Semmelweis Day ceremony in Dunaújváros, Hungary. This recognition highlights the company's longstanding commitment to enhancing local healthcare quality through consistent contributions.
Marking a new tradition, this year's ceremony expanded beyond honouring healthcare workers to acknowledge institutional supporters. Hankook earned this distinction through multiple initiatives, including recent equipment donations for the paediatric ward and installation of a nurse call system in the surgical department. The company's support extends to previous years' projects such as ventilator procurement, maternity ward renovations, and pandemic-related protective equipment donations.
The award coincides with Hungary's annual Healthcare Day celebrations on 1 July, which since 1992 has honoured medical professionals nationwide. By recognising Hankook's sustained community involvement, Saint Pantaleon Hospital underscores the vital role of corporate partnerships in maintaining quality healthcare services.
Dr Örs Szilágyi, Director General of the Saint Pantaleon Hospital, said, “We are very grateful for the help and commitment of Hankook Tire Hungary. We are working together for a joint goal to improve continuously the standard of healthcare and thus create value for local citizen, help them in maintaining their health and in getting better. Hankook’s Corporate Social Responsibility sets an example to all. We are happy to award Hankook Tire Hungary Ltd as the first company with the ’Key Supporter of Saint Pantateon Hospital’ award.
Receiving the award from Dr Szilágyi on behalf of the company, Ho Taek Lim, Managing Director of Hankook Tire's Hungary Plant, said, “We are honoured to receive this recognition from Saint Pantaleon Hospital. At Hankook, we believe in long-term partnerships and consider the health of the people living here, our employees and their families to be our most important investment, which is why we intend to continue supporting local initiatives and institutions in the future.”
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