The Indian tyre industry has become highly competitive with 40 large and medium-sized companies employing nearly 1 million people. The industry began in 1926 and manufacturers produce tires for various vehicles and machinery. The tire production process involves banbury blending of rubber, milling, extruding, component assembly, curing, and inspection. Major competitors include Apollo, Ceat, MRF, and international brands like Michelin and Goodyear. While JK Tyres has a strong brand and distribution, it has a limited market share and low presence in some segments. Opportunities exist in partnerships with automakers, but competition and raw material costs pose threats.