Summary

Market Overview
India EV Tyre Market was valued at USD 479.64 Million in 2024 and is projected to reach USD 1063.96 Million by 2030, growing at a CAGR of 14.20%. The market is witnessing strong growth, fueled by the country’s accelerating transition to electric vehicles driven by environmental concerns and supportive government policies. As EV adoption increases among both consumers and businesses, the demand for EV-specific tyres has surged. These tyres are engineered to meet the performance needs of electric drivetrains, such as higher torque output and greater vehicle weight, while ensuring energy efficiency and extended battery range. Manufacturers are innovating in tread design, material composition, and smart tyre integration to align with EV requirements. Additionally, policy incentives and expanding charging infrastructure are reinforcing the long-term growth potential of the EV tyre segment in India.
Key Market Drivers
Increasing EV Adoption
The expansion of India’s electric vehicle market is a primary catalyst for the growth of the EV tyre segment. In 2024, EV sales in India rose by 26.5% year-on-year to 1.94 million units, raising EV penetration to 7.46% from 6.39% the previous year. Although petrol vehicles continue to dominate overall sales, the gap is narrowing, with one EV sold for every 12.43 traditional vehicles in 2024—an improvement from 15.67 in 2023. This shift toward electrification increases the demand for tyres designed to manage EV-specific challenges such as increased weight due to battery packs and higher torque output. As both private consumers and commercial fleets invest in EVs, tyre makers are presented with opportunities to offer performance-optimized and energy-efficient tyre solutions, positioning EV tyres as a critical sub-segment within the broader automotive components industry.
Key Market Challenges
High Initial Cost of EV Tires
A major obstacle in the India EV Tyre Market is the elevated cost of EV-specific tyres, which utilize advanced technologies and materials to meet performance and safety standards. These tyres are typically priced higher than conventional ones, limiting their appeal among cost-sensitive consumers. The upfront cost difference may discourage EV owners from purchasing specialized tyres, despite the long-term benefits in terms of durability and energy efficiency. Some consumers may even opt for traditional tyres, compromising overall EV performance. Addressing this cost challenge requires increased production scale, local sourcing of materials, and process innovations to reduce manufacturing expenses while maintaining quality.
Key Market Trends
Growing Charging Infrastructure and Networks
The rapid development of EV charging infrastructure is significantly influencing the growth of the EV tyre market in India. In 2024, India recorded notable progress in this area with the installation of 25,202 public charging stations, and Karnataka emerging as the state with the highest number. This infrastructure growth, along with the 1.94 million EVs sold that year, reflects a synchronized expansion of EV adoption and supporting systems. As charging accessibility increases, EV usage becomes more viable, leading to higher vehicle utilization rates and, consequently, more frequent tyre replacements. This trend also encourages the development of high-durability and performance tyres suited for EVs operating in diverse road and climate conditions. Continued investment in charging networks, coupled with schemes like PM E-DRIVE, is expected to further stimulate tyre demand and innovation in this segment.
Key Market Players
• MRF LIMITED
• Apollo Tyres Ltd
• JK Tyre & Industries Ltd
• CEAT Limited
• Goodyear India Limited
• CONTINENTAL TYRES INDIA PVT LTD.
• Yokohama India Pvt. Ltd
• Hankook Tyre & Technology Co., Ltd
• TVS SRICHAKRA LIMITED
• Pirelli & C. S.p.A.
Report Scope:
In this report, the India EV Tyre Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
• India EV Tyre Market, By Vehicle Type:
o Two-Wheeler
o Passenger Car
o Commercial Vehicle
• India EV Tyre Market, By Rim Size:
o 13-15”
o 16-18”
o 19-21”
o Above 21”
• India EV Tyre Market, By Distribution Channel:
o OEM
o Replacement
• India EV Tyre Market, By Region:
o South
o East
o West
o North
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the India EV Tyre Market.
Available Customizations:
India EV Tyre Market report with the given market data, TechSci Research offers customizations according to the company’s specific needs. The following customization options are available for the report:
Company Information
• Detailed analysis and profiling of additional market players (up to five).

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Table of Contents

1. Introduction
1.1. Research Tenure Considered
1.2. Market Definition
1.3. Scope of the Market
1.4. Markets Covered
1.5. Years Considered for Study
1.6. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Regions/Countries
4. India EV Tyre Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value
4.2. Market Share & Forecast
4.2.1. By Vehicle Type Market Share Analysis (Two-Wheeler, Passenger Car, Commercial Vehicle)
4.2.2. By Rim Size Market Share Analysis (13-15”, 16-18”, 19-21”, above 21”)
4.2.3. By Distribution Channel Market Share Analysis (OEM, Replacement)
4.2.4. By Region Market Share Analysis
4.2.5. By Top 5 Companies Market Share Analysis, Others (2024)
4.3. Market Map
5. North EV Tyre Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Vehicle Type Market Share Analysis
5.2.2. By Rim Size Market Share Analysis
5.2.3. By Distribution Channel Market Share Analysis
6. South EV Tyre Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Vehicle Type Market Share Analysis
6.2.2. By Rim Size Market Share Analysis
6.2.3. By Distribution Channel Market Share Analysis
7. East EV Tyre Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Vehicle Type Market Share Analysis
7.2.2. By Rim Size Market Share Analysis
7.2.3. By Distribution Channel Market Share Analysis
8. West EV Tyre Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Vehicle Type Market Share Analysis
8.2.2. By Rim Size Market Share Analysis
8.2.3. By Distribution Channel Market Share Analysis
9. Market Dynamics
9.1. Drivers
9.2. Challenges
10. Market Trends & Developments
11. Porters Five Forces Analysis
12. Competitive Landscape
12.1. Company Profiles
12.1.1. MRF LIMITED
12.1.1.1. Company Details
12.1.1.2. Products
12.1.1.3. Financials (As Per Availability)
12.1.1.4. Key Market Focus & Geographical Presence
12.1.1.5. Recent Developments
12.1.1.6. Key Management Personnel
12.1.2. Apollo Tyres Ltd
12.1.3. JK Tyre & Industries Ltd
12.1.4. CEAT Limited
12.1.5. Goodyear India Limited
12.1.6. CONTINENTAL TYRES INDIA PVT LTD.
12.1.7. Yokohama India Pvt. Ltd
12.1.8. Hankook Tyre & Technology Co., Ltd
12.1.9. TVS SRICHAKRA LIMITED
12.1.10. Pirelli & C. S.p.A.
13. Strategic Recommendations
14. About Us & Disclaimer