Tyre exports from India increases by 17% to Rs 6,219 cr in Q1: ATMA

Tyre exports from India grew 17 per cent year-on-year to reach Rs 6,219 crore in the first quarter of the current fiscal with the US emerging as the biggest market, industry body Automotive Tyre Manufacturers Association (ATMA) said on Thursday.

Tyre exports from India recouped in the first quarter of FY25, increasing by 17 per cent YoY. Tyre exports had declined by 14 per cent in the corresponding quarter in the previous year, ATMA said citing data just released by the Ministry of Commerce.

Sustained focus on R&D and development of advanced technology products aided by competitive pricing and branding efforts helped Indian tyre manufacturers drive growth in exports despite a challenging environment, ATMA Chairman Arnab Banerjee said in a statement.

"Improving demand prospects in key export destinations and expected monetary easing also helped growth," Banerjee added.

The rise in exports is a testament to the Indian tyre industry's enhanced integration with global supply chains, ..