Over the last few decades, the Indian tyre industry has witnessed a massive growth. With an estimated industry turnover of around Rs 53,000 crore per annum, the industry has enhanced its global stature significantly. At present, it enjoys a formidable presence across the globe, with more than 50 factories in India. We have number of tyre industries in India, Like Apollo Tyres, Dunlop Tyres, Falcon, CEAT tyres, MRF Tyres,JK Tyres and Industries Limited and many more. Some are listed below.
Listed below are the top-notch tyre companies that have played a major role in changing the face of Indian tyre industry.
Incorporated in 1972, Apollo Tyres is the 17th biggest tyre manufacturer in the world. It has a market share of 62.6% (tyre sales revenue) in India. The company’s annual consolidated revenue was estimated to be around 146.74 billion in March 2018. Its manufacturing units are spread across India, the Netherlands and Hungary. The company’s total revenue accounts from India (69%), Europe (26%) and other geographies (5%).
The market leader in 2/3 wheeler tyres in India, RUIA Group has an extensive client base, which includes various OEMs (original equipment manufacturers) like Bajaj, Hero, Yamaha, Mahindra, LML, etc. Led by company Chairman Pawan Kumar Ruia, it has attained commendable success and established itself as the leader in its industry.
JK Tyres and Industries Limited
A subsidiary of JK Organisation Group of Companies, JK Tyres is a Delhi-based automotive tyre, tubes and flaps manufacturing company. It was found in 1974, and emerged as the market leader in the country’s truck/bus radial tyre sector. With more than 3 million truck and bus radial tyres on the Indian roads, the company has emerged as ‘The Badshah of radial tyres on Indian roads’. Its overall excellence was acknowledged in the form of the ‘Brand of the Year’ Award in 2015 at World Branding Awards held in London.
MRF Tyres Ltd
Madras Rubber Factory (MRF) is a multi-national company, which has ranked a number of times as India’s No 1 tyre manufacturer in terms of customer satisfaction in the J D Power Asia Pacific 2016 India Original Tyre Satisfaction Study for Passenger cars for SUVs and Passenger cars. MRF is said to be the 14th largest manufacturer in the world. With its headquarters in Chennai, the company manufactures an array of rubber products, including tyres, treads, tubes and conveyor belts, paints and toys.
Headquartered in Mumbai, CEAT is the flagship company of the Rs 22,000-crore RPG Enterprises. With a capacity of rolling out more than 95,000 tyres per day, it is counted among the leading tyre companies in India. CEAT Ltd caters to an array of segments and manufactures radials for: trucks and buses, light commercial vehicles, earthmovers, forklifts, tractors, trailers, cars, motorcycles, scooters and auto-rickshaws as well. Around 29% of the company’s export sales comes from the Middle East.
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