India’s Electric Vehicle Tire Market Set for Expansion by 2030: Key Insights & Forecast
MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled India Electric Vehicle Tire Market Research Report: Forecast (2025–2030). This report provides a detailed assessment of the India Electric Vehicle Tire Market, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.
Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.
Market Timeline Overview
- Historical Years: 2020–23
- Base Year: 2024
- Forecast Years: 2025–30
This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.
Download a FREE PDF Sample of the Report: https://www.marknteladvisors.com/query/request-sample/india-electric-vehicle-tire-market.html (Discover the market potential, platform-specific insights, and key industry trends.)
India Electric Vehicle Tire Market Outlook
According to the report India Electric Vehicle Tire Market size was valued at around 8.39 Million Units in 2024 and is projected to reach 48.39 Million Units by 2030. Along with this, the market is estimated to grow at a CAGR of around 32.04% during the forecast period, i.e., 2025-30.
The report also examines consumer preferences, regulatory impacts, and investment trends that will shape the market’s trajectory over the next decade.
In case you missed it, we're currently updating our reports. Click below to access a free PDF sample of the latest research, featuring forecasts from 2026 to 2032. The report includes market size, industry trends, and competitive analysis. Our team will promptly deliver the most recent version to you.
India Electric Vehicle Tire Market Drivers:
Government Support to Boost Market Growth: The government of India is implementing various initiatives and policies that are enhancing the adoption of electric vehicle tires in the country. Policies, such as the Make in India initiative, aim to boost domestic manufacturing and support local industries. Investments in road infrastructure and manufacturing capabilities create a favorable environment for tire production and sales. Additionally, in 2024, the government introduced the PM E-DRIVE scheme with an outlay of 10,900 crores, effective from October 2024 to March 2026. The scheme aims for faster adoption of electric vehicles (EVs), setting up of charging infrastructure, and development of EV manufacturing eco-system in the country, leading to the increase in sales of the EV tire.
View Full Report (All Data, In One Place): https://www.marknteladvisors.com/research-library/india-electric-vehicle-tire-market.html (Explore in-depth analyses, technological trends, and investment patterns.)
India Electric Vehicle Tire Market Challenge:
High Cost of Raw Materials: The cost of raw materials like natural and synthetic rubber, as well as oil-based components, can fluctuate due to market conditions, supply chain issues, and geopolitical factors. These fluctuations directly impact electric tire production costs and can squeeze profit margins. Electric Tire manufacturers are grappling with unprecedented raw material costs as natural rubber prices touched a 13-year high in June 2024. This surge has prompted leading companies such as CEAT and JK Tyres to increase prices to offset the rising costs. Moreover, according to Industry Experts, raw material prices rose by 5-6 percent in the next quarter i.e. July of 2024 impacting the overall prices of electric tires. This increase in raw material prices is primarily driven by supply shortages caused by adverse weather conditions in Southeast Asia. As India is heavily dependent on raw materials imports, the cost of electric vehicle tires would keep increasing which would further restrain the market growth in the coming years.
India Electric Vehicle Tire Market Segmentation
The study categorizes the India Electric Vehicle Tire Market into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.
By Vehicle Type
- Passenger Cars- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units)
- Commercial Cars- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units)
- Two-Wheelers- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units)
By Product Type
- Radial Tires- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units)
- Bias Tires- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units)
By Tire Size
- Up to 14”- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units)
- 15”-18”- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units)
- Above 18”- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units)
By Propulsion
- Battery Electric Vehicle (BEV)- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units)
- Hybrid Electric Vehicle (HEV)- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units)
By Sales Channel
- Original Equipment Manufacturers (OEMs)- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units)
- Aftermarkets- Market Size & Forecast 2020-2030F, Units Sold (Thousand Units)
Talk to Our Industry Analyst: https://www.marknteladvisors.com/query/talk-to-our-consultant/india-electric-vehicle-tire-market.html Get personalized insights into company strategies and regional market dynamics.)
Leading Companies in India Electric Vehicle Tire Market Worldwide: Players, Analysis & Future Outlook
- Apollo Tyres
- Bridgestone
- Ceat Tire
- Continental AG
- Cooper Tire & Rubber Company
- Goodyear Tire & Rubber Co.
- Hankook Tire & Technology Co. Ltd.
- Michelin
- Nokian Tyres
- Pirelli & C. S.p.A.
- Yokohama Rubber Co. Ltd.
Key Highlights of the Report
- Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2025 to 2030.
- Growth Drivers & Challenges: Clear insights into factors feeling or restraining market expansion.
- Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
- Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.
Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences
Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online – https://www.marknteladvisors.com/pricing/india-electric-vehicle-tire-market.html
Frequently Asked Questions (FAQ)
- What is the projected growth rate of the India Electric Vehicle Tire Market?
2. What are the major factors driving this market’s growth?
3. Which regions are expected to lead the India Electric Vehicle Tire Market?
4. Who are the prominent players in the India Electric Vehicle Tire Market?
5. How is the competition structured in this market?
6. How can I access the full report?
About Us
MarkNtel Advisors is a premier market research and consulting firm with deep domain expertise in the tire industry, including off-the-road vehicle tires, performance tires, and comprehensive tire reports. Our research covers manufacturing processes, raw material trends, and market expansion strategies. Leveraging Competitive Intelligence, we help tire manufacturers, distributors, and investors benchmark performance, anticipate demand shifts, and implement data-driven strategies for achieving long-term competitiveness and sustainability.
Contact Us:
MarkNtel Advisors
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Contact No: +91 87199 99009
Email: sales@marknteladvisors.com
Website: https://www.marknteladvisors.com
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