WebThe India tyre market size reached 188.9 Million Units in 2024. Looking forward, IMARC Group expects the market to reach 225.6 Million Units by 2028, exhibiting a growth rate (CAGR) of 3.1% during 2024-2028. India represents the fourth largest market for tyres in the world after China, Europe and the United States. WebDec 28, 2024 · Reduced demand from both replacement and OE segments also affected the production. Total tyre production went down by 30% YoY in the Apri-September period. Turnover was down by 5% to Rs 60,000 crore in FY 2024-20 from Rs 63,000 crore in 2024-19, first decline in more than a decade. Post the relaxation, the industry has started seeing an …
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