India Luxury Car Tire Market Research Report: Forecast (2026-2032)

India Luxury Car Tire Market - By Tire Type (Radial Tires, Bias Ply Tires), By Car Type (Luxury Sedans, Luxury SUVs, Luxury Coupes & Convertibles, Ultra-Luxury & Performance Cars), By Rim Size (18–21... ... By Rim Size (18–21 Inches, 22–26 Inches, Above 26 Inches), By Distribution Channel (Original Equipment Manufacturer (OEM), Aftermarket / Replacement), and others Read more

  • Tire
  • Feb 2026
  • 135
  • PDF, Excel, PPT

India Luxury Car Tire Market Report Key Takeaways:

  • Market size was valued at around USD677 million in 2025 and is projected to reach USD965.38 million by 2032. The estimated CAGR from 2026 to 2032 is around 5.2%, indicating strong growth.
  • By Tire Type, the radial tires seized a significant share of around 92% in the India Luxury Car Tire Market during 2026-32.
  • By Car Type, the luxury SUV segment represented 48% share of the India Luxury Car Tire Market in 2026.
  • Leading luxury car tire companies in India are Bridgestone, GoodYear, Continental, Michelin, Sumitomo, Hankook, Yokohama, Pirelli, and others.

Market Insights & Analysis: India Luxury Car Tire Market (2026-32):

The India Luxury Car Tire Market size was valued at around USD677 million in 2025 and is projected to reach USD965.38 million by 2032. Along with this, the market is estimated to grow at a CAGR of around 5.2% during the forecast period, i.e., 2026-32.

The India luxury car tire industry is experiencing steady growth, driven by the expanding luxury vehicle parc and rising consumer preference for premium SUVs and high-performance cars. Luxury automobile sales in India continue to show positive momentum, supported by strong demand for premium SUVs and long-wheelbase sedans from global brands. In CY2025, Mercedes-Benz India sold approximately 19,007 vehicles, retaining its position as the country’s best-selling luxury carmaker, with healthy volumes from SUV models. BMW Group India also recorded its highest-ever annual sales of around 18,001 units . This sustained performance in the luxury SUV segment is directly increasing demand for high-value tires with larger rim sizes, higher load ratings, and enhanced ride comfort.

Shifting vehicle preferences are also influencing tire manufacturing strategies. Reflecting rising demand for larger tires, Continental Tyres has announced plans to invest around USD10.87 million in India to expand manufacturing capabilities from the current 20inch range to up to 23inch tire sizes , targeting growing SUV and premium car demand. The company has also stated that all new tires produced will be EV compatible, aligning with the gradual adoption of electric luxury vehicles.

As luxury automakers expand portfolios and availability across India, higher vehicle specifications and rising replacement demand continue to reinforce the growth outlook for the India luxury car tire industry.

India Luxury Car Tire Market Recent Developments:

  • 2025 : Michelin has unveiled its first made-in-India premium passenger car tire at its Chennai facility, supported by an investment of approximately USD61 million in passenger car tire manufacturing. The move focuses on the premium SUV and high-end vehicle segment, strengthening Michelin’s long-term presence in India’s rapidly premiumizing automotive market.
  • 2025 : Goodyear has announced the launch of the all-new Assurance MaxGuard (AMG) SUV tire in India, expanding its Assurance portfolio to cater to the country’s rapidly growing SUV segment. The new tire focuses on enhanced mileage, durability, wet-road grip, ride comfort, and improved fuel efficiency, aiming to address rising consumer demand for safe and high-performance tires and strengthen Goodyear’s position in India’s family-oriented SUV tire market.

India Luxury Car Tire Market Scope:

 Category  Segments
By Tire Type Radial Tires, Bias Ply Tires
By Car Type Luxury Sedans, Luxury SUVs, Luxury Coupes & Convertibles, Ultra-Luxury & Performance Cars
By Rim Size 18–21 Inches, 22–26 Inches, Above 26 Inches
By Distribution Channel Original Equipment Manufacturer (OEM), Aftermarket / Replacement), and others

India Luxury Car Tire Market Driver:

Increasing Sales of Luxury Cars and Premium SUVs

The India luxury car tire industry is witnessing strong growth, driven by rising sales of premium SUVs and ultra-luxury vehicles that demand high-performance tires to match elevated standards of comfort, safety, and handling. Luxury SUVs, in particular, are gaining preference among affluent buyers due to larger wheel sizes, higher power outputs, and superior road presence, which directly boosts demand for tires with enhanced grip, stability, and load-bearing capacity.

The ongoing premiumization of the Indian passenger vehicle market is encouraging tire manufacturers to focus on technologically advanced, large-diameter, and ultra-premium offerings, supporting both OEM fitment and replacement demand.

Brand-level sales trends highlight this structural shift toward SUV-led growth. Jaguar Land Rover India sold 5,792 units in CY2025, up from 4,697 units in CY2024, with growth driven almost entirely by Land Rover SUVs such as the Defender and Range Rover , reflecting strong aspirational demand. Similarly, Lexus India recorded a nearly 50% increase in ultra-luxury model sales in 2025 , driven by strong uptake of its flagship SUVs and high-end hybrid vehicles. As these premium and ultra-luxury vehicles are typically equipped with larger, high-specification tires, their growing volumes continue to expand demand for high-performance tire solutions, reinforcing long-term growth prospects for the India luxury car tire industry.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. India Luxury Car Tire Market Policies, Regulations, and Product Standards
  5. India Luxury Car Tire Market Supply Chain Analysis
  6. India Luxury Car Tire Market Trends & Developments
  7. India Luxury Car Tire Market Dynamics
    1. Growth Drivers
    2. Challenges
  8. India Luxury Car Tire Market Hotspot & Opportunities
  9. India Luxury Car Tire Market Outlook, 2022–2032
    1. Market Size & Outlook
      1. By Revenues (USD Million)
      2. By Quantity (Thousand Units)
    2. Market Share & Outlook
      1. By Tire Type– Market Size & Forecast 2022–2032, Thousand Uni
        1. Radial Tires
        2. Bias Ply Tires
      2. By Car Type– Market Size & Forecast 2022–2032, Thousand Unit
        1. Luxury Sedans
        2. Luxury SUVs
        3. Luxury Coupes & Convertibles
        4. Ultra-Luxury & Performance Cars
      3. By Rim Size– Market Size & Forecast 2022–2032, Thousand Unit
        1. 18–21 Inches
        2. 22–26 Inches
        3. Above 26 Inches
      4. By Distribution Channel– Market Size & Forecast 2022–2032, Thousand Unit
        1. Original Equipment Manufacturer (OEM)
        2. Aftermarket / Replacement
      5. By Region
        1. North
        2. West
        3. South
        4. East
        5. Central
  10. India Original Equipment Manufacturer (OEM) Luxury Car Tire Market Outlook, 2022–2032
    1. Market Size & Outlook
      1. By Revenues (USD Million)
      2. By Quantity (Thousand Units)
    2. Market Share & Outlook
      1. By Tire Type-Market Size & Forecast 2022–2032, Thousand Units
      2. By Vehicle Type -Market Size & Forecast 2022–2032, Thousand Unit
      3. By Rim Size-Market Size & Forecast 2022–2032, Thousand Units
  11. India Aftermarket / Replacement Luxury Car Tire Market Outlook, 2022–2032
    1. Market Size & Outlook
      1. By Revenues (USD Million)
      2. By Quantity (Thousand Units)
    2. Market Share & Outlook
      1. By Tire Type-Market Size & Forecast 2022–2032, Thousand Units
      2. By Vehicle Type -Market Size & Forecast 2022–2032, Thousand Units
      3. By Rim Size-Market Size & Forecast 2022–2032, Thousand Units
  12. India Luxury Car Tire Market Key Strategic Imperatives for Success & Growth
  13. Competition Outlook
    1. Company Profiles
      1. Bridgestone
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. GoodYear
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Continental
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Michelin
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Sumitomo
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Hankook
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Yokohama
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Pirelli
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
  14. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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