Best Performer in Tire Industries for two wheeler in India.

Indian Tyre Industry Overview:

India Tire Industries consists of a huge market consumer base, they are used in all types of vehicles which include passenger cars, buses, military vehicles, motorcycles, trucks, etc. The demand for tires is primarily catalyzed from two end-user segments

1. OEMs
   • OEM segment demand is driven by new automobile sales trend
2. Replacement segment.
   • The Replacement market currently dominates the tire market accounting for most of the total sales.

Indian Tyre Industry has 41 Tyre companies and 66 manufacturing plants. In the Indian tire market, tire companies produce in the last 5 years was 8,654.22 lakhs. during last year the production was -8% decline in 1767.95 lakhs compare to 1919.81 lakhs.

2/3 Wheeler Tyre Production

In the Domestic Tyre market, consumption was high in India due to some pandemic reasons Like Vehicle Industries moved to BS-VI, Automation Industries, and COVID the market has declined compared to previous years. In the tire market, tire company’s products in the last 5 years were 4777.5 lakhs. during last year the production was -8% decline in 997.65 lakhs compare to 1079.12 lakhs.

Total Tyre Export from India.

In the Tire Export market, the companies produce in the last 5 years were 1594 lakhs. During last year the production was 9% increased in 335.79 lakhs from 306.93 lakhs. In the 2/3 wheeler tire segment, the export from India was 36.98 lakhs which was a -4 % decline from 38.56 lakhs.

Tyre Industries Association:

Automotive Tyre Manufacturers Association: works towards promoting and safeguarding the interests of the tire industry in India. ATMA as a conduit between the Government and the industry, act as the industry’s interface with the media, opinion leaders, NGOs, and other industry associations around the world so as to present the perspective of the Indian tire industry on different issues.

Indian Tyre Technical Advisory Committee (ITTAC): is a specialized resource of the Automotive Tyre Manufacturers’ Association (ATMA), ITTAC’s close interface and interaction with international and national standards organizations and proactive engagement with the Indian tire industry has enabled it.

The raw material used in Tire Industry:

• Natural Rubbers: It is the main raw material used in the tire company. in the rubber industry, the guideline and interactions are Association of Natural Rubber Producing Countries (ANRPC).
• Carbon Black: It is one of the key raw materials in the manufacturing process and is used as a filler in rubber products.

7. MICHELIN INDIA

Michelin is a French multinational tire manufacturing company based in French. The Michelin brand is the top-selling tire brand worldwide. Michelin is the No. 1 source of innovation in the global tire industry. Leading global brand power score among top 5 tire companies.

• BRAND: Michelin, BFGoodrich, Uniroyal
• FOUNDED: 1889
• HEADQUARTER: France

Michelin, the leading mobility company, is dedicated to enhancing its customers’ mobility, and sustainably; designing and distributing the most innovative tires, services, and solutions for its customers’ needs; providing digital services, maps and guides to help enrich trips and travels and make them unique experiences; and developing high-technology materials that serve a variety of industries.

Michelin  9 R&D centers around the world, 117 production sites in 26 countries, a commercial presence in 170 countries, and 124,000 employees worldwide. In 2009, Michelin Group and Tamil Nadu government signed a Memorandum of Understanding (MoU) for Michelin’s tire manufacturing plant. This 290 acres facility is currently focused on manufacturing a range of Radial Truck/Bus tires.

Michelin India is in Demand in 2 wheeler tyres: referral link

6. BRILA TYRES LIMITED

Birla Tyres was first established in 1991, as part of Kesoram Industries Limited, initially collaborating, in the production and development of its tires with world-class tire manufacturer Pirelli(Pirelli is a multinational tire manufacturer based in Milan, Italy.). Since then, Birla Tyres has built a solid reputation for quality and is now recognized as one of the best tyre manufacturers in India.

• BRAND: BIRLA TYRE
• FOUNDED: 1991
• HEADQUARTER: Kolkata, India

Birla Tyres is investing significantly in improving its tire ranges and improving its service and support for its dealers. Indian vehicle manufacturers (OEMs) respect the quality and value of Birla Tyres so much that they regularly fit our tires as original equipment on their new commercial vehicles, scooters, motorcycles, and 3-wheelers.

• NSE: BRILATYRE
• BSE: 542932
• SALES: 472CR
• PBT: -287 CR
• PAT: -287 CR

5. TVS Srichakra Limited

TVS Srichakra Limited, one of India’s largest manufacturers and exporters of Two and Three-Wheeler tyres and Off-Highway tyres. In domestic after-market supply is backed by a strong network of over 2400 dealers and 34 depots. TVS Srichakra Limited exports to over 70 countries across the world.

• BRANDS: TVS  Eurogrip
• FOUNDED: 1982
• HEADQUARTER: MADURAI, TAMILNADU, INDIA.

TVS Srichakra continuously upgrades product quality through technological innovations, process improvements & continuous training, and skills up-gradation of all its employees. These improvements are designed and made through a scientific approach focusing on the best quality at optimal costs.

• NSE: TVSSRICHAK
• BSE: 509243
• SALES: 1939 CR
• PBT: 98 CR
• PAT: 74 CR

4. JK TYRE LTD

JK Tyre & Industries Ltd is one of India’s foremost position tire manufacturers. JK Tyre has been in the position of driving innovation and excellence in the tire industry through the introduction of ground-breaking technologies and products that cater to diverse business segments in the automobile industry.

JK Tyre produced the first radial tire in 1977 and is currently the market leader in the Truck Bus Radial segment. JK Tyre launched India’s first-ever ‘Smart Tyre’ technology and introduced Tyre Pressure Monitoring Systems (TPMS) by offering TREEL Sensors, which monitor the tire’s vital statistics, including pressure and temperature.

• BRAND: JK TYRE
• FOUNDED: 1951
• HEADQUARTER: MUMBAI

JK Tyre is the undisputed market leader in Truck/Bus Radials in India, It is present in 105 countries with over 180 Global distributors, 400+ selling locations, 4,000 strong dealer network served 500+ dedicated Brand shops called as Steel Wheels and Xpress Wheels.  by 9 plants in India and 3 plants in JK Tornel, Mexico. With state-of-the-art modern production facilities in all 12 plants, the total production capacity is over 20 million tires.

• NSE: JKTYRE
• BSE: 530007
• SALES: 9,102CR
• PBT: 534 CR
• PAT: 319 CR

3. CEAT LIMITED

CEAT Limited is an Indian multinational tire manufacturing company owned by the RPG Group. It was founded in India in 1958. RPG Group takes over CEAT Limited of India in 1982. It has six manufacturing locations across India and a strong reach in global markets, with exports to more than 100 countries. This year CEAT produced more than 35 Million high-performance tires, catering to various segments like 2/3 Wheelers, Passenger and Utility Vehicles, Commercial Vehicles, and Off-Highway Vehicles.

CEAT commissioned its greenfield project in Chennai, which has capacity to produce up to 96 Lacs tyres / annum Passenger Car / Utility Vehicle Radial Tyre. The unique self-sealing, puncture safe, high performance tyre. Now, never fall flat.

• BRAND: CEAT
• FOUNDED: 1958
• HEADQUARTER: MUMBAI

CEAT Ltd. is recognized among India’s Best Companies to Work For 2020. Every year, Great Place to Work CEAT had identified India’s 35th Best Companies to Work. CEAT manufactures the widest range of tires to all segments and manufactures world-class radials for heavy-duty trucks and buses, light commercial vehicles, earthmovers, forklifts, tractors, trailers, cars, motorcycles, and scooters as well as auto-rickshaws.

• NSE: CEATLTD
• BSE: 500878
• SALES: 7,610CR
• PBT: 484CR
• PAT: 432 CR

2. Apollo Tyres Ltd

Apollo Tyres Ltd is an Indian multinational tire manufacturing company in India. It was founded in 1972 with the “Apollo Tyre” trusted name in the business of manufacture and sale of tires. In the Global market, the Apollo Tyres ltd products are under the brands: Apollo and Vredestein.

• SYMBOL: APOLLO
• BRANDS: Apollo and Vredestein.
• FOUNDED: 1972
• HEADQUARTER: Gurgaon, India

Apollo Tyres today launched an e-commerce portal shop.apollotyres.com for passenger car and two-wheeler tyre customers in India. This will work on the ‘buy online, fit offline’ model. This Business strategy has been implemented in some customers based in Delhi NCR, Bengaluru, Mumbai and Kochi, which will soon be expanded to other cities across the country. 

• NSE: APOLLOTYRE
• BSE: 500877
• SALES: 17,397 CR
• PBT: 561 CR
• PAT: 350 CR

1. Madras Rubber Factory (MRF)

MRF is an Indian Multinational tire manufacturing company and the largest manufacturer of tires in India, also the sixth-largest manufacturer in the world. MRF ranks 60th in a list of Top 75 brands in India with a value at USD 855 Million report of the 2020 BrandZ.

• Brand Name: MRF
• Founded: 1946
• Headquarter: Chennai, Tamilnadu, India.

MRF has started its business as a toy balloon manufacturing unit in a shed in Chennai. Improvement in Toy business MRF was making latex cast toys, gloves, and contraceptives and established its first office. In 1952 the company was entered into the tire business they were working with the product is Tread rubber. After 4 years they became the market leader of tread rubber in India.

In 1960 MRF became a public company they established a technical collaboration with the Mansfield Tire & Rubber Company based in USA. After 1973 MRF become one of the India’s first companies to manufacture and market Nylon passenger car tyres commercially.

In 1989 MRF collaborated with Hasbro International USA, the world’s largest toymakers, and launched Funskool India. Even though the company had collaborations with Vapocure Australia to manufacture polyurethane paint formulations and with Pirelli for MUSCLEFLEX Conveyor & Elevator Belting. In 2013 MRF’s Aero Muscle becomes the only Indian tire to be chosen for the legendary fighter jet, they had won The JD Power Award comes home for the 13th time.

MRF Financial statement: