MarkNtel Advisors Research Analyses that 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.
Which are the top companies operating in the India Electric Vehicle Tire Market?
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., Others
Competitive Landscape and India Electric Vehicle Tire Market Share Analysis:
The competitive landscape of the India Electric Vehicle Tire market offers detailed insights by company. These insights include company overviews, financial performance, revenue specific to the India Electric Vehicle Tire market, segment market potential, R&D investments, new market strategies, global footprint, production sites and capacities, key strengths and weaknesses, product launches, product range and diversity, as well as dominant applications.
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Research Scope and Market Categories:
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)
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Which are the driving factors of the India Electric Vehicle Tire Market?
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.
Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Comprehensive Table of Contents India Electric Vehicle Tire Market Analysis and Forecast (2025-2030)
- Market Segmentation
- Introduction
- Product Definition
- Research Process
- Assumptions
- Executive Summary
- Research Methodology
- Overview of Methodological Approaches
- Study Objectives
- Foundational Methodology
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- Scope Definition
- Key Assumptions and Limitations
- Forecasting Approach
- Macroeconomic Outlook
- India Electric Vehicle Tire Market Porters Five Forces Analysis
- India Electric Vehicle Tire Market Supply Chain Analysis
- India Electric Vehicle Tire Market Trends & Insights
- India Electric Vehicle Tire Market Dynamics
- Drivers
- Challenges
- India Electric Vehicle Tire Market Growth Opportunities & Hotspots
- India Electric Vehicle Tire Market Policy & Regulations
- India Electric Vehicle Tire Market Pricing Analysis
- India Electric Vehicle Tire Market Outlook, 2020-2030F
- Market Size & Outlook
- Revenues (USD Million)
- Units Sold
- Market Size & Outlook
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