Top 10 Tire Companies in India

The tire industry in India is considered to be a very important industry consisting of national and international companies. The tire industry is of great importance in the automotive industry. The tire must be made of high quality materials so that customers feel comfortable every time they drive the car. The coefficient of safety and stability of the vehicle depends largely on the tires of the vehicle.

There are two types of tires: tubeless and tube. Tubeless tires have the added benefit of providing more vehicle stability than tubed tires. The list below provides information on the top 10 tire manufacturing companies in India in 2022.

10. FASHION RUBBER LIMITED

The company is a tire manufacturer from India. The company is known for producing tires of high quality and stability. The company has developed a lot over the years. The past financial year has shown tremendous growth for the company. The company's revenue topped Rs 22 crore in the last financial year. The market capitalization of the company is around Rs 76 crore.

9. DANLOP, INDIA

They are known for their quality and the special essence of Dunlop tires. This company started its activity in 1896. The company used to produce bicycle tires. Dunlop India is a national tire manufacturer owned by the Ruia Group. The company is known for the reliability it provides to its customers. Dunlop India makes tires for trucks, motorcycles, buses and agricultural tyres. The market capitalization of Dunlop India is Rs 148 crore.

8. ENTERPRISES PTL

Tires manufactured by PTL Enterprises are descriptive. The company believes in quality. PTL Enterprises was founded in 1959. PTL Enterprises began manufacturing tires in 1962. The company is known for producing tires for trucks, buses, agricultural vehicles and motorcycles. PTL Enterprises is a national tire company. The market capitalization of PTL Enterprises is Rs 284 crore.

7. GOOD YEAR

Going with the "one revolution ahead" logo, Goodyear is ranked 7th on the list. The company is an American tire company known for its substance and quality. Goodyear was founded in 1898. The company has been operating since 1898 in America, but Goodyear debuted in India in 1922. Shortly after its launch, Goodyear established itself among the leading tire companies in India. Goodyear not only manufactures tires for a variety of vehicles, but is also known for producing agricultural tires. The market capitalization of the company is 1425 crores.

6. TVS ŠRIČAKRA

The company is part of the TVS group. TVS Srichakra was founded in 1982. TVS Srichakra is a new company, but it competes with the leading tire manufacturers. TVS Srichakra is the national tire company. The quality and stability of TVS tires are very famous. The company produces tires for motorcycles, agricultural and industrial tires. The market capitalization of TVS Srichakra is Rs 2042 crore.

5. JK TIRES

JK Tire was founded in 1974. The company is a national tire manufacturing company. One of the leading tire companies. JK Tires have 6 factories across India. The quality of the company is reliable. These tires provide more stability to cars. JK Tires is known for making tires for vehicles such as automobiles, commercial vehicles, agricultural vehicles and SUVs. The company has received many awards for its amazing work. The market capitalization of JK Tires is Rs 2631 crore.

4. SEAT

CEAT is one of the leading tire companies in the country. CEAT was founded in 1958. CEAT is part of a very famous company. Part of the RPG Group. The company is headquartered in Mumbai with manufacturing sites located across India. The company manufactures tires for commercial vehicles, agricultural machinery, motorcycles and SUVs. CEAT's business is growing day by day and has 250 distributors in the country. The market capitalization of CEAT is Rs 3571 crore.

3. BALKRISNA INDUSTRIES LIMITED

BKT is regarded as one of the leading tire companies in India. The company was founded in 1987. The company is known for delivering quality along with excellence. BKT is known for producing tires for heavy vehicles such as industrial vehicles and agricultural machinery. The company is a national company but exports tires to over 100 countries. BKT has 5 manufacturing sites across India. These sites also employ more than 6000 people in addition to the production of high-quality tires. The market capitalization of BKT is Rs 6557 crore.

2. APOLLO TIRES

Apollo Tire is considered one of the leading tire manufacturers worldwide. The company was founded in 1972. The company has manufacturing facilities throughout India and the Netherlands. The company is known for exporting tires to more than 100 countries. Apollo is known for the quality and reliability it provides to its customers. The company's revenue growth in 2014-2015 was Rs 13700 crore. Apollo Tires has a market capitalization of Rs 10521 crore.

1. MRF

MRF is considered a leading tire manufacturer. The company was founded in 1946. MRF is known worldwide for its high quality tires. MRF tires provide excellent stability. MRF is known for producing high quality tires, conveyor belts, pre-treads and many other well known products. Some of the tire options the company produces are ZVTS, ZEC, ZLX and Wanderer. The income recorded by the company in the last financial year is Rs 14600. The market capitalization of the year is 16774 crores.

From the discussion above, some valuable information has been gained on the top 10 tire manufacturers in India. The tires used must be really good because they provide safety. All the names listed above are renowned for the quality they provide. These tires are used and trusted by people all over the world. People trust these brands of tires and use them because of the reliability they provide. These tires are available at reasonable prices throughout India.