According to the TechSci Research report, “India Tire (Tyre) Market Forecast & Opportunities, 2021’’, the country’s tire market is forecast to witness a CAGR of over 9% during 2016-2021.

1. M a r k e t I n t e l l i g e n c e . C o n s u l t i n g
India Tire Market
Forecast & Opportunities, 2021

2. P r o d u c t O v e r v i e w
2
© TechSci Research
Global tire supplier Michelin defines tire as “A precisely engineered assembly of rubber,
chemicals, fabric, and metal, designed to provide traction, cushion road shock and
carry a load under varying conditions.”
Classification According to Vehicle Type
Product Definition
Vehicle Segment Sub-Segment Customer Segment
Passenger Car
Hatchback & Sedan
IndividualsSUVs
Van
Light Commercial Vehicle
Pickup and Light Truck
Transport Companies, Logistics,
Small Business Entrepreneurs,
Government
Light Bus
Medium & Heavy
Commercial vehicle
Truck
Bus
Two-wheeler
Scooter
IndividualsMotorcycle
Moped
Three-Wheeler
Passenger Carrier Passenger Transport
Load Carrier Logistics
OTR (Off-the-Road)
Vehicle
Mining, Construction and Industrial
Equipment
Mining companies, Construction
companies and Industries
Agriculture Vehicle Farmers
Others (Go-cart Vehicles, Golf Cart Vehicles,
Special Purpose Vehicles, etc. )
Sports companies, Adventure
activity industries etc.

3. Ta b l e o f C o n t e n t s
3
© TechSci Research
S. No. Contents
1. Product Overview
2. Research Methodology
3. Analyst View
4. India Tire Production Overview
5. India Tire Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Vehicle Type (M&HCV, PC, 2W, OTR, LCV & 3W)
5.2.2. By Company
5.2.3. By Region
5.2.4. By Demand Category (OEM Vs. Replacement)
5.2.5. By Radial vs Bias
5.3. Market Attractive Index (By Vehicle Type)
5.4. Voice of Customers
5.4.1. Unaided Brand Recall
5.4.1. Brand Satisfaction Level
5.4.1. Brand Switching Behavior
5.4.1. Factors Influencing Purchase Decision
6. India Medium & Heavy Commercial Vehicle (M&HCV) Tire Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume

4. Ta b l e o f C o n t e n t s
4
© TechSci Research
S. No. Contents
6.2. Market Share & Forecast
6.2.1. By Vehicle Type
6.2.2. By Demand Category (OEM vs. Replacement)
6.2.3. By Company
6.2.4. By Radial vs Bias
6.3. Popular Sizes/Price Analysis
6.4. Prominent List of OE Supplier
6.5. Market Attractive Index (By Type)
6.6. Supply Chain Analysis
6.7. Voice of Customers
6.7.1. Unaided Brand Recall
6.7.2. Brand Satisfaction Level
6.7.3. Brand Switching Behavior
6.7.4. Factors Influencing Purchase Decision
7. India Passenger Car Tire Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Vehicle Type
7.2.2. By Demand Category (OEM vs. Replacement)
7.2.3. By Company
7.2.4. By Radial vs Bias

5. Ta b l e o f C o n t e n t s
5
© TechSci Research
S. No. Contents
7.3. Popular Sizes/Price Analysis
7.4. Prominent List of OE Supplier
7.5. Market Attractive Index (By Type)
7.6. Supply Chain Analysis
7.7. Voice of Customers
7.7.1. Unaided Brand Recall
7.7.2. Brand Satisfaction Level
7.7.3. Brand Switching Behavior
7.7.4. Factors Influencing Purchase Decision
8. India Two-Wheeler (2W) Tire Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Vehicle Type
8.2.2. By Demand Category (OEM vs. Replacement)
8.2.3. By Company
8.2.4. By Radial vs Bias
8.3. Popular Sizes/Price Analysis
8.4. Prominent List of OE Supplier
8.5. Market Attractive Index (By Type)
8.6. Supply Chain Analysis
8.7. Voice of Customers

6. Ta b l e o f C o n t e n t s
6
© TechSci Research
S. No. Contents
8.7.1. Unaided Brand Recall
8.7.2. Brand Satisfaction Level
8.7.3. Brand Switching Behavior
8.7.4. Factors Influencing Purchase Decision
9. India Off-The Road (OTR) Tire Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Vehicle Type
9.2.2. By Demand Category (OEM vs. Replacement)
9.2.3. By Company
9.2.4. By Radial vs Bias
9.3. Popular Sizes/Price Analysis
9.4. Prominent List of OE Supplier
9.5. Market Attractive Index (By End Use Industry)
9.6. Supply Chain Analysis
9.7. Voice of Customers
9.7.1. Unaided Brand Recall
9.7.2. Brand Satisfaction Level
9.7.3. Brand Switching Behavior
9.7.4. Factors Influencing Purchase Decision

7. Ta b l e o f C o n t e n t s
7
© TechSci Research
S. No. Contents
10. India Light Commercial Vehicle (LCV) Tire Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Vehicle Type
10.2.2. By Demand Category (OEM vs. Replacement)
10.2.3. By Company
10.2.4. By Radial vs Bias
10.3. Popular Sizes/Price Analysis
10.4. Prominent List of OE Supplier
10.5. Market Attractive Index (By Type)
10.6. Supply Chain Analysis
10.7. Voice of Customers
10.7.1. Unaided Brand Recall
10.7.2. Brand Satisfaction Level
10.7.3. Brand Switching Behavior
10.7.4. Factors Influencing Purchase Decision
11. India Three-Wheeler (3W) Tire Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value & Volume
11.2. Market Share & Forecast
11.2.1. By Vehicle Type

8. Ta b l e o f C o n t e n t s
8
© TechSci Research
S. No. Contents
11.2.2. By Demand Category (OEM vs. Replacement)
11.2.3. By Company
11.3. Popular Sizes/Price Analysis
11.4. Prominent List of OE Supplier
11.5. Market Attractive Index (By Type)
11.6. Supply Chain Analysis
11.7. Voice of Customers
11.7.1. Unaided Brand Recall
11.7.2. Brand Satisfaction Level
11.7.3. Brand Switching Behavior
11.7.4. Factors Influencing Purchase Decision
12. Import-Export Analysis
13. Market Dynamics
13.1. Drivers
13.2. Challenges
14. Market Trends & Developments
15. Policy & Regulatory Landscape
16. India Economic Profile
17. Competitive Landscape
17.1. MRF Limited
17.2. CEAT Limited
17.3. Birla Tyres Limited

9. Ta b l e o f C o n t e n t s
9
© TechSci Research
S. No. Contents
17.4. TVS Srichakra Limited
17.5. Apollo Tyres Ltd.
17.6. JK Tyre & Industries Ltd.
17.7. Bridgestone India Private Limited
17.8. Goodyear India Limited
17.9. Michelin India Private Limited
17.10. Balkrishna Industries Limited
17.11. Govind Rubber Limited
17.12. Continental India Limited
18. Strategic Recommendations
19. Annexure (Include Dealer/Distributor List for each Tire Company)
20. Disclaimer

10. 10
© TechSci Research
R e s e a r c h M e t h o d o l o g y
A
C
B
Primary
Research
Company
Analysis
Desk
Research
 Identifying Key Opinion
Leaders
 Questionnaire Design
 In-depth Interviews
 Market Participants
 Key Strengths
 Tire Portfolio
 OEM Tie-ups
 Recent
Developments
 Market Changing
Aspects/Dynamics
 Government
Policies
 Final Conclusion
 LinkedIn
 TechSci Internal
database
 Factiva
 Hoovers
Paid Sources
 Company Website
 Company Annual
Reports
 White Paper Study
 Financial Reports
 Investor
Presentations
 Regulatory Body,
 Associations, etc.
Secondary
Research
Primary
Research
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
•In-depth secondary research was used to
determine top players in India tire market,
overall market size and to identify top
automobile tire manufactures.
Market Profiling
•In order to conduct industry experts interviews,
TechSci formulated a detailed questionnaire.
Formulating Questionnaire
•List of industry players (manufacturers),
distributors, retailers, and industry specialists
was developed.
Developing list of respondents
•TechSci conducted interviews with industry
experts, industry players, for data collection and
verification.
Data Collection
•Data obtained as a result of primary and
secondary research was validated through
rigorous triangulation.
Data Validation
•The data was scrutinized using MS-Excel and
statistical tools such as Time Series analysis etc.
to obtain qualitative and quantitative insights
about the India tire market.
Data Analysis

11. R e s e a r c h M e t h o d o l o g y
11
© TechSci Research
Baseline Methodology:
For the study, TechSci Research has gathered information through primary research surveys with leading
tire companies operating in India, and subsequently verified information from major dealers/distributors of
automobile tires in the country. We also put through an exhaustive search of credible paid databases such
as Business Week, Factiva, Hoovers, etc., including our internal database. Our team of analysts has then
prudently evaluated all the collected information and presented the same in chronological order to depict a
meaningful and clear picture of the tire market in India.
While compiling the data, we have also cross checked all the collected information from multiple sources
and data warehouses, so as to present the most accurate and precise information of the concerned
industry. We use innovative business model that focuses on improving productivity, which ensuring
creation of high-quality reports. The reports are prepared with in-depth primary research, followed by
exhaustive secondary research.
Primary Research – Companies Dealers &
Distributors Interviewed Few of Sources of Secondary Research
S.
No.
Company Dealers & Distributor Names
1. MRF India Limited
2. Apollo Tyres Ltd.
3 JK Tyre & Industries Ltd.
4. CEAT Limited
5. TVS Srichakra Limited
6. Bridgestone India Private Limited
7. Goodyear India Limited
8. Balkrishna Industries Limited
9. Govind Rubber Limited
10. Continental India Limited
S.
No.
Secondary Sources
1. Automotive Tyre Manufacturers' Association
2. OICA
3. Directorate General of Foreign Trade
4. Society of Indian Automobile Manufactures
5. World Bank
6. International Monetary Fund
7. Department of Industrial Policy & Promotion
8. Ministry of Micro, Small & Medium Enterprises
9. Directorate General of Foreign Trade
10. Internet & Mobile Association of India

12. R e s e a r c h M e t h o d o l o g y
12
© TechSci Research
For the preparation of India tire report, bottom-up model has been used, which has been later cross
validated by using top down approach.
Vehicle Sales & Fleet Size
The basic data points that are needed for the analysis of India tire market are the historical, current and
forecast figures for vehicle sales and fleet size. The data for vehicle sales and fleet size has been
extracted through various secondary sources and credible data portals. TechSci Research has also
maintained a database for vehicle sales and fleet size for each vehicle segment (passenger cars, light
commercial vehicles, medium & heavy commercial vehicles, two-wheelers, three-wheelers & off-the-road
vehicles), which is regularly updated through various primary research surveys and secondary sources
such as automotive associations & government publications.
Vehicle Production
TechSci has gathered vehicle production data from credible sources such as SIAM and OICA. TechSci
Research has also maintained a database for vehicle production for each vehicle segment (passenger
cars, light commercial vehicles, medium & heavy commercial vehicles, two-wheelers, three-wheelers &
off-the-road vehicles), which is regularly updated through various primary research surveys and
secondary sources such as automotive associations & government publications.
Tire Demand
OEM Tire Sales
OEM tire demand in India is directly dependent on country’s vehicle production. The OEM demand is
therefore extracted by multiplying the vehicle produced with the number of tires fitted in the vehicle. For
example, in case of passenger car, five tires are fitted by the OEM during manufacturing process.

13. R e s e a r c h M e t h o d o l o g y
13
© TechSci Research
Tire Demand
Replacement Tire Sales
Replacement tire demand of a particular country is directly dependent on country’s vehicle fleet size and
historical vehicle sales. The replacement demand is therefore extracted by multiplying the vehicle fleet
with the replacement tire ratio, which is obtained by conducting a series of surveys with car owners to
understand the frequency of tire replacement as it varies for different countries depending upon factors
such as road conditions, climate, economic and regulatory policies applicable in a country. The
replacement ratio is expressed as a percentage. For example, in case of passenger cars, replacement
ratio is considered to be 100% if four tire is replaced per vehicle per year.
Example for passenger car replacement tire demand calculation:
Passenger Car
Fleet Size
(Volume)
X
Replacement Ratio
(%)
X No. of Tires =
Replacement
Tire Demand
XXXX X X% X X = X Tires
The calculated replacement tire demand data is further analyzed by TechSci Research through Delphi
technique i.e. multiple rounds of telephonic interviews were conducted with tire companies
dealers/distributors in India. The information thus gathered through primary interviews was cross-
verified through industry experts and secondary sources such as annual reports and paid databases to
generate meaningful results.
Total Tire Market
OEM Tire Sales +
Replacement Tire
Sales
= Total Tire Market

14. R e s e a r c h M e t h o d o l o g y
14
© TechSci Research
Tire Trade (Import & Export)
TechSci Research has analyzed tire imports in India. The data has been gathered through government
agencies and credible paid databases. The total tire trade has been segmented in accordance with below
mentioned HS codes:
HS Code Description Tire Type
XXXX Motor Cars Passenger Car Tire
XXXX Bus or Lorries Tires Commercial Vehicle Tire
XXXX Motorcycle Tire Two-Wheeler Tire
XXXX Tire Having a "Herring Bone"
OTR Tire
XXXX Tire Having a "Herring Bone"
XXXX Tire Having a "Herring Bone"
XXXX Tire Having a "Herring Bone"
XXXX Tire Having a "Herring Bone"
XXXX Agriculture Tire
XXXX Construction/Industrial Tire
XXXX Construction/Industrial Tire
XXXX Others Other Tires
The import figures for each vehicle type (Passenger Car, Commercial Vehicle, Two-Wheeler, Three-
wheelers & OTR) have been depicted in Value (USD Million).
Forecast
For forecasting the numbers, we have used Time Series Analysis along with Regression Analysis, followed
by judgmental analysis as certain factors would always differ in India such as infrastructure condition,
economic outlook, etc.

15. R e s e a r c h M e t h o d o l o g y
15
© TechSci Research
Sampling Technique:
While conducting the study, TechSci followed the stratified random sampling technique to shortlist the Key Opinion
Leaders (KOLs) in various tire companies in the country. KOLs out of prominent tire companies were interviewed to
identify the size of India tire market along with the market shares of leading tire players across different tire
segments.
Sample Size:
KOL No. of Respondents
Mid to Senior Management, Sales
Managers, etc. of Tire Companies
X
Experts from Industry and Associations X
Total X

16. R e s e a r c h M e t h o d o l o g y
16
© TechSci Research
Voice of Customers:
For conducting the consumer behaviour study for India tire market, TechSci Research formulated multiple
questionnaires for Medium & Heavy Commercial Vehicle, Passenger Car, Two-Wheeler, Off the Road, Light
Commercial Vehicle & Three-Wheeler Tire segments to study the following four parameters:
1. Unaided Brand Recall
2. Brand Satisfaction Level
3. Brand Switching Behaviour
4. Factors influencing Purchase Decision
TechSci Research conducted several rounds of surveys with the respondents sample across Delhi, Mumbai,
Chennai, Bangalore, Hyderabad and Kolkata in order to arrive at consumer behaviour study.
Sample Size:
Sample Size No. of Respondents
Total Sample Size
N
M&HCV Sample n1
Passenger Car Sample n2
Two-Wheeler Sample n3
Off-the-Road Sample n4
LCV Sample n5
Three-Wheeler Tire n6

17. I n d u s t r y B r i e f
17
India Tire Market Set to Cross US$ 8.5 Billion in 2016
Growing Automobile Sales, Increasing Per Capita Income Levels and Expanding Automobile Fleet to Boost Tire
Sales in India Until 2021
According to TechSci Research report, “India Tire Market Forecast & Opportunities, 2021”, tire market in India
is projected to record $8.5 Billion market size in 2016. The country’s tire market is dominated by the
replacement tire segment on account of expanding automotive fleet. The volume sales in India are largely
driven by two-wheeler tires followed by the passenger car and medium & heavy commercial vehicle tires. In
2015, two-wheeler tire sales accounted for majority of the volume sales of tires in India. On the other hand,
increasing sales of passenger cars on account of rising disposable income and expanding middle class
consumers in the country has also been boosting passenger car tire demand in both OEM as well as
replacement tire segments.
Launch of ‘Automotive Mission Plan, 2016-2026’ is anticipated to augment the automobile production in the
country in the coming years, which is expected to drive demand for tires till 2021. Moreover, rising foreign
direct investments are expected to boost the country’s automobile industry, including the tire market, during
the forecast period. In 2015, tire market in India was dominated by domestic tire players such as MRF, CEAT,
Birla Tyres, TVS Srichakra, Apollo Tyres and JK Tyre & Industries. Few of the leading international tire brands
operating in the country include Goodyear, Bridgestone, Michelin, Continental, Yokohama, and Hankook.
Over the last five years, adoption of radial tire technology has increased significantly in India. Despite almost
100% radialization in the passenger car tire segment, the country still offers huge growth potential for
radialization in the commercial vehicle and two-wheeler tire segments. With continuing increase in R&D
activities for developing cost-effective radial tires by major domestic tire companies, coupled with the growing
imports of low cost Chinese radial tires, the adoption of radial tires is anticipated to grow in the coming years.

18. S a m p l e D a t a - S n a p s h o t
18
© TechSci Research
4% 4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
9% 9% 9% 9% 9% 9% 9% 9% 9% 9% 9%
14% 14% 14% 14% 14% 14% 14% 14% 14% 14% 14%
19% 19% 19% 19% 19% 19% 19% 19% 19% 19% 19%
24% 24% 24% 24% 24% 24% 24% 24% 24% 24% 24%
30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30%
2011 2012 2013 2014 2015 2016E 2017F 2018F 2019F 2020F 2021F
Two-Wheeler Tires Passenger Car Tires
M&HCV Tires LCV Tires
Three-Wheeler Tires OTR Vehicle Tires
India Tire Market Share, By Vehicle Type, By Volume, 2011-2021F
India Tire Market Attractiveness Index, By
Vehicle Type, By Volume, 2015
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
0.00 2.00 4.00 6.00 8.00
Passenger
Car
LCV
M&HCV
Two-
Wheeler
Three-
Wheeler
OTR
Vehicle
India Tire Market Share, By Company, By
Volume, 2015-2021F
4% 4% 4% 4% 4% 4% 4%
9% 9% 9% 9% 9% 9% 9%
14% 14% 14% 14% 14% 14% 14%
19% 19% 19% 19% 19% 19% 19%
19% 19% 19% 19% 19% 19% 19%
24% 24% 24% 24% 24% 24% 24%
2015 2016E 2017F 2018F 2019F 2020F 2021F
MRF CEAT Birla TVS
Apollo JK Bridgestone Chinese*
India Medium & Heavy Commercial Vehicle Tire Market Size, By
Value (USD Billion), By Volume (Million Unit), 2011-2021F
1 2 3 4 5 7 8 9 10 11 12
3 5 7 9 11
15 17 19 21 23 25
2011 2012 2013 2014 2015 2016E 2017F 2018F 2019F 2020F 2021F
Value (USD Billion) Volume (Million Unit)
India Two-Wheeler Tire
Market Share, By Radial vs
Bias, By Volume, 2011-2021F
40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40%
60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60%
Radial Bias
CV Tires, 25.00%
PC Tires, 25.00%OTR Tires, 25.00%
Two-Wheeler Tires, 25.00%
India Tire Import Share, By Vehicle
Type, By Value, FY2016*
1
2
3
4
5
6
7
8
Michelin Bridgestone Goodyear MRF CEAT Apollo Birla JK
Brand Satisfaction Level – India Tire Market (N= X)

19. R e p o r t O r d e r i n g
To View Sample OR Purchase Report
Report Price
Report Name: India Tire Market Forecast & Opportunities, 2021
License Type Price
Electronic Access - Single User License $2800
CD-ROM Mail Delivery $3300
Hard Copy Mail Delivery $3800
Electronic Access - Multi-User License $6000
19

20. © TechSci Research
20
A b o u t U s & D i s c l a i m e r
TechSci Research – North America
708 Third Avenue, Manhattan,
New York, United States
Tel: +1- 646- 360- 1656
Email: sales@techsciresearch.com
www.techsciresearch.com
About Us
TechSci Research is a global market research and consulting company with offices in Canada, India and the UK. TechSci Research
provides market research reports in a number of areas to organizations. The company uses innovative business models that focus on
improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both
industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional
and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich
evaluation of the opportunities available in the market.
Related Reports
Global OTR Tire Market, Competition Forecast & Opportunities 2011-2021
United States Tire Market Forecast & Opportunities, 2020
United Kingdom Tire Market Forecast and Opportunities, 2021
Partial List of Clients
Disclaimer
The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that
it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources
including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any
information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it
has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change
without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of
the same for purpose other than internal will require prior approval of TechSci Research.
TechSci Research – Europe
54, Oldbrook, Bretton,
Peterborough,
United Kingdom
Email: sales@techsciresearch.com
www.techsciresearch.com
TechSci Research – Asia-Pacific
A – 51, Sector -57, Noida, National
Capital Region, U.P. - India
Tel: +91-120-4523900
Email: sales@techsciresearch.com
www.techsciresearch.com