Indian tire exports rise 9% to hit record high of €2.5bn

New Delhi – Indian tire exports reached a record INR273 billion (€2.47 billion) in fiscal year 2025-26, rising 9% from INR250.6 billion reported the previous year, according to India’s Automotive Tyre Manufacturers Association (ATMA).

The industry delivered record-high exports despite global supply chain disruptions, higher logistics costs and trade uncertainty, said the association 4 June.

The US remained the largest export market, accounting for 15% of export value at INR40.8 billion.

However, its share declined from 17% a year earlier following changes to tariff structures on Indian tire imports.

Germany, Italy, Brazil and France were also among the leading export destinations.

ATMA said the export growth reflected sustained investment in manufacturing capacity, product development and technology.

In a social media post, ATMA said the industry’s turnover during the year stood at INR1,000 billion, with the sector standing among ‘top manufacturing industries’ in India.

“Despite global challenges, tire exports have nearly doubled since 2020 — a testament to India’s resilience, competitiveness, and manufacturing excellence,” said ATMA chief Arun Mammen.

The country, he said, is “one of the few countries” that is self-sufficient in manufacturing all categories of tires.