India Tire Market to Reach USD 22.28 Billion by 2032, Growing at a CAGR of 8.08% During 2026–2032

The India Tire Market was valued at USD 12.22 billion in 2025 and is projected to grow from USD 13.98 billion in 2026 to USD 22.28 billion by 2032, registering a CAGR of 8.08% during 2026–2032. The market is expanding as India's automotive production, road infrastructure, vehicle parc, and road freight activity continue to increase tire consumption. Rising vehicle production, highway development, commercial transportation, replacement demand, and growing adoption of technologically advanced tires are supporting market expansion across OEM and aftermarket channels.

In terms of segmentation, Radial Tires are expected to remain the leading tire type, accounting for approximately 64% share in 2026, supported by their widespread application across passenger cars and commercial vehicles. By vehicle type, Two-Wheelers and Passenger Cars are expected to represent major demand categories, supported by India's large vehicle base and continued automotive production. Based on demand type, Replacement Tires are anticipated to dominate with approximately 58% share, supported by India's expanding vehicle parc and recurring tire replacement requirements.

By season, Summer Tires are expected to maintain the leading position, while All-Season Tires continue gaining relevance. By sales channel, Dealer/Distributor is expected to remain the dominant channel due to India's extensive tire retail and servicing network. In terms of price category, Mid-Range tires are expected to maintain a significant position, supported by demand for a balance between affordability, durability, and performance. These trends are highlighted in the latest report, "India Tire Market Analysis, 2026."

India Tire Market Highlights

The India Tire Market was valued at USD 12.22 billion in 2025 and is projected to reach USD 13.98 billion in 2026, further expanding to USD 22.28 billion by 2032.
The market is expected to register a CAGR of 8.08% during 2026–2032, supported by automotive production, road infrastructure expansion, freight activity, and replacement demand.
Radial Tires are projected to remain the leading tire type, accounting for approximately 64% market share in 2026.
Replacement Tires are expected to dominate by demand type, accounting for approximately 58% share, supported by India's expanding vehicle parc and recurring aftermarket requirements.
Dealer/Distributor is expected to remain the leading sales channel due to India's established tire retail, distribution, and servicing network.
Mid-Range Tires are anticipated to maintain a significant position as consumers seek a balance between price, durability, safety, and performance.
The India Tire Market remains highly consolidated, with the top five manufacturers collectively accounting for approximately 70% of the market in 2026.

India Tire Market Segmentation

By Tire Type

Radial
Bias

By Vehicle Type

Two-Wheeler
Three-Wheeler
Passenger Car
Light Commercial Vehicle (LCV)
Medium & Heavy Commercial Vehicle (MHCV)
Off-the-Road Vehicle (OTR)

By Demand Type

OEM
Replacement

By Season

Summer Tires
All-Season Tires

By Sales Channel

Direct Sales
Dealer/Distributor
Online Platform

By Tire Size

Tire Size 1
Tire Size 2
Tire Size 3
Tire Size 4
Tire Size 5

By Price Category

Economy
Mid-Range
Premium

By Region

East
- Bihar
- Orissa
- Jharkhand
- West Bengal
- Chhattisgarh
- North-Eastern States
West
- Rajasthan
- Gujarat
- Goa
- Maharashtra
- Madhya Pradesh
North
- Jammu & Kashmir
- Punjab
- Uttar Pradesh
- Uttarakhand
- Haryana
- Himachal Pradesh
South
- Andhra Pradesh
- Karnataka
- Kerala
- Tamil Nadu
- Telangana