Top 10 Best Tires & Rubber Products Companies In India In 2023

INTRODUCTION

India is home to several tire and rubber products companies. Over the years, the industry has seen significant growth in terms of technology, variety of products, and production volumes. In 2023, established players like Apollo Tyres and MRF are likely to be joined by new entrants who are expected to bring in innovative products and technologies.

In terms of products, tires and rubber products companies in India manufacture various types of tires for cars, trucks, buses, tractors, two-wheelers, three-wheelers, bicycles, etc. The range of rubber products includes hoses, seals, gaskets, pipes, mouldings, matting, and other custom-made components.

Regarding technology, the Indian tire and rubber products industry is making rapid strides in developing and introducing advanced products. Companies increasingly invest in R&D to introduce efficient, durable, environment-friendly products. Modern manufacturing methods and life cycle assessment in product design are some of the developments taking place in the industry.

The industry’s overall value is expected to grow substantially over the next few years with the coming of new players and technological advancements. This will open up more avenues for employment and help create a sustainable market for high-quality rubber and tire products in India.

IMPORTANCE

Tires and rubber products companies will be essential for the Indian economy in 2023. The automotive industry, a significant driver of economic growth in India, relies heavily on these companies for quality tires and other rubber products.

The infrastructure sector is also heavily dependent on tires and rubber products, as they are used in constructing roads, bridges, and other structures. Furthermore, many industrial sectors use rubber products, making the industry necessary for the overall economy.

In terms of sales, the tire and rubber products market in India is expected to grow at a CAGR of 9.1% from 2021-2023, according to a report published by MarketsandMarkets.

This growth is due to the increasing demand for automobiles and infrastructure projects and the expansion of industrial activities across India. Furthermore, the government’s Make in India initiative is helping the tire and rubber products sector by incentivizing investors and manufacturers to set up their businesses in India.

The importance of tire and rubber products companies in India in 2023 will also be seen in the increasing number of jobs created in this sector. According to a report by KPMG, the tire and rubber manufacturing industry has produced about 300,000 direct job opportunities in India during the past two years.

Furthermore, the sector is expected to create another 500,000 job opportunities by 2023. These jobs are a source of income for many families in India and, thus an important contributor to economic growth in the country.

In conclusion, tires and rubber products companies will be essential for the Indian economy in 2023. The automotive, infrastructure, and industrial sectors all rely heavily on them, and the Make in India initiative is providing incentives to investors and manufacturers to set up their businesses in the country.

Furthermore, the tire and rubber products sector is creating job opportunities, which is beneficial for the overall economy of India.

Here are the top 10 best tires & rubber products companies in India in 2023

Apollo Tyres – Apollo Tyres is an Indian multinational company headquartered in Gurgaon, India. Founded in 1972, it is one of the world’s leading tyre manufacturers and the largest in India, with tyres sold in over 100 countries.

Apollo manufactures a wide range of radial and bias tyres for passenger cars, light trucks, SUVs, vans, buses, trucks, agricultural and other speciality vehicles. The company owns four manufacturing units in India and employs more than 10,000 people worldwide.

Apollo Tyres has consistently focused on quality control, innovation, and customer service. All the company’s products are designed to meet exacting international standards, including those laid down by the European Tyre and Rim Technical Organisation (ETRTO). This focus on quality has made Apollo Tyres one of the most trusted brands in the industry.

In 2012, Apollo Tyres became the first Indian tyre manufacturer to have its products tested to the highest standard at the IDIADA test facility in Spain. In the same year, Apollo also entered into a joint venture with Cooper Tire & Rubber Company, a leading US manufacturer, making it the only tyre maker in India which can offer globally recognized quality tyres.

The company has also made extensive investments in research and development, with a dedicated team of scientists, engineers and technicians constantly studying new materials and technologies.

As a result, Apollo Tyres produces some of the most technologically advanced tyres in the market today, such as the Apterra range of ATV tyres, the XM2 range of radial truck tyres, and the EcoMax range of fuel-efficient tyres.

Apart from manufacturing, Apollo Tyres is also involved in the development of its own retreading systems and provides comprehensive after-sales services. The company also has several other business activities such as leasing and fleet management.

In 2013, Apollo Tyres was listed as one of the fastest-growing companies in India by the Economic Times Brand Equity. It has since become one of the leading tyre manufacturers in the world, with a strong presence across Asia, Europe, and North America.

MRF – MRF Ltd is a leading global tire manufacturing company in India. Founded in 1946, it has become one of the most valuable and trusted brands in the country. The company employs over 20,000 people and operates more than 28 factories across the world.

Its products include tires for cars, trucks, buses, motorcycles, aeroplanes, agricultural vehicles, and earthmovers. MRF also manufactures a wide range of industrial rubber products, such as conveyor belts, hoses, and rubber sheets. In addition to that, it also produces paints, adhesives, and printing inks.

MRF is renowned for its innovative and cutting-edge technology, which enables it to produce some of the highest-quality tires in the world. It has a great focus on research and development which allows it to stay ahead of the competition.

As part of its commitment to providing customers with the best possible product, the company engages in environmental sustainability initiatives. For instance, it uses recycled materials in its production process and has implemented the Energy Management System to reduce its energy consumption.

MRF has also implemented several social responsibility projects, such as providing healthcare, education and skill training to local communities.

Apart from being an industry leader in terms of product quality, MRF also values customer satisfaction. It provides excellent customer service and follows up on all queries related to its products.

Furthermore, it offers attractive warranties and discounts to ensure customers get the best value for their money. MRF is also known for its innovation and strong marketing strategies which have enabled the company to reach out to new markets and expand its business.

Overall, MRF is a premier tire manufacturer that has been setting benchmarks in the industry for over seven decades. With its commitment to quality, innovation, and customer service, MRF continues to set the standards for others to follow.

JK Tyre – JK Tyre is an Indian tyre manufacturer and the market leader in the automotive sector. The company was founded in 1900 by Lala Juggilal, who started out selling bicycles and rubber products. Over the years, JK Tyre has grown to become one of India’s largest tyre manufacturers, with a strong presence in both international and domestic markets.

The company makes tyres for passenger cars, light commercial vehicles, two-wheelers, trucks, buses, and off-road vehicles, among others. JK Tyre has also ventured into farm and industrial/OTR tyres, as well as retreading solutions. The company has a strong commitment towards research and development, investing heavily in state-of-the-art technology and machinery.

They have set up manufacturing and distribution plants across India, with a wide network of dealerships and service centres in the country. JK Tyre is known for its commitment to quality, safety, and innovation, and its tyres are certified by major international organizations such as UNECE, DOT, and ECE.

The company has also won several awards for their commitment to customer satisfaction, product reliability, and environmental sustainability.

Bridgestone India – Bridgestone India Pvt. Ltd. is a leading global manufacturer and supplier of tyres, rubber products, and automotive services. Established in 1998, Bridgestone India has over two decades of experience in the Indian market and is a wholly-owned subsidiary of Bridgestone Corporation, Japan.

Bridgestone India has its headquarters in Mumbai, Maharashtra, and regional offices in Delhi, Chennai, Kolkata, Bengaluru, and Hyderabad. Bridgestone India produces a wide range of tyres for the car and two-wheeler segment, along with industrial tyres and farm tyres.

The company also provides a variety of services such as tyre maintenance, tyre retreading, tyre recycling, and tyre fitment.

Bridgestone India has developed a strong and reliable distribution network across the country, which is supported by an efficient after-sales service. The company has established world-class manufacturing facilities in Indore, Madhya Pradesh and Kheda, Gujarat, to ensure the highest quality of its products.

Bridgestone India takes pride in its commitment towards sustainability and environmental responsibility and is striving to reduce its carbon footprint through resource optimization and energy-efficient production processes.

All of its operations adhere to ISO 9001:2015 and ISO 14001:2015 standards, ensuring high-quality products and services. Bridgestone India also supports several philanthropic activities, including donation campaigns, sports initiatives, and employee volunteering activities.

Birla Tyres – Birla Tyres is a leading tyre manufacturing company based in Kolkata, India. Founded in 1924, it was the first Indian company to manufacture tyres and tubes. Today, Birla Tyres produces a wide range of tyres for passenger cars, light trucks, and two-wheelers. The company also manufactures specialized tyres for off-road vehicles, such as agricultural and forestry vehicles.

Birla Tyres has a long history of innovation and dedication to quality. Its products are renowned for their durability and performance, with many types of tyres able to last up to 70,000 kilometres. The company prides itself on its commitment to providing customers with a safe and comfortable driving experience.

Birla Tyres works closely with dealers, distributors and original equipment manufacturers (OEMs) across India and abroad to ensure high-quality service and products. It has an extensive network of over 3,800 outlets spanning all major cities in India, as well as a presence in over 20 countries globally.

The company also invests heavily in research and development. Its team of engineers and technologists continually strive to develop new technologies and improve existing ones. This includes the development of new tyre designs, tread patterns, compounds, and materials.

Birla Tyres has recently announced plans to expand its production capacity to cater for the increasing demand for its products. As part of this, it will be investing in new state-of-the-art manufacturing facilities.

Birla Tyres has become a trusted name in the industry, offering quality tyres at competitive prices. With its commitment to innovation and customer satisfaction, coupled with a strong distribution network, the company looks set to maintain its position as a leading supplier of tyres and related products for the years ahead.

CEAT – CEAT is an Indian tire manufacturing company that has been leading the market since 1958. It currently produces over 300 different types of tires ranging from passenger car tires to heavy-duty truck and bus radials, farm services tires and speciality tires.

CEAT has built up a strong presence in India, with its products being sold in over 2,000 outlets across the country. The company has also expanded into international markets such as Africa, the Middle East, South Asia, and Latin America.

CEAT’s product lines are divided into four categories: Passenger Car & SUV Tires, Light Truck & Bus Radial Tires, Two-Wheeler Tires, and Off-The-Road Tires. These cover a wide range of applications, from passenger vehicles and two-wheelers to trucks, buses, agricultural machinery and construction equipment.

CEAT’s tires are designed to deliver superior performance and longevity by using high-quality natural and synthetic rubber compounds and advanced engineering and design techniques.

In addition to tires, CEAT also manufactures automotive batteries and tubeless wheels, which cater to a variety of vehicle types and sizes. The company has 12 state-of-the-art manufacturing facilities located in India, Sri Lanka and Qatar, with more than 7,500 employees working there.

CEAT has achieved several awards for its excellence in quality and performance. It has won the Best Quality Award from Automotive Tyre Manufacturers’ Association (ATMA), and the President’s National Award from the Automotive Component Manufacturers’ Association (ACMA).

In addition, CEAT has received recognition from the Federation of Automobile Dealers Associations (FADA) and the International Organization for Standardization (ISO).

Overall, CEAT is a well-respected tire manufacturer that has developed a strong presence in the market thanks to its commitment to quality and innovation. Its expansive product line, advanced engineering and design techniques, and stringent quality standards make it one of the leading manufacturers of tires in the world.

Yokohama India – Yokohama India Company is an automotive original equipment supplier based in New Delhi, India. Founded in 2015, the company currently produces and markets Yokohama tyres in the Indian market.

The company is a subsidiary of the Japanese tyre manufacturer Yokohama Rubber Co., Ltd. Yokohama India Company operates two production facilities in Halol and Bhiwadi and also a research and development centre in Chennai.

The primary products manufactured by Yokohama India Company are tyres for passenger cars, SUVs, 4x4s, light trucks and buses. The company also manufactures off-road tyres and high-performance tyres for various applications.

Yokohama India Company maintains a wide range of tyre sizes and tread patterns to meet the needs of the Indian market. The company provides customer services that include tyre fitment, wheel balancing and alignment.

Yokohama India Company follows a strict quality control procedure for all its products. Every tyre produced by the company goes through rigorous testing and quality checks before being released into the market. The company also offers customized solutions for its customers.

In addition to manufacturing and marketing tyres, Yokohama India Company also provides training and customer service support to its customers. The company conducts workshops at dealerships and service centres to help customers understand the latest tyre technology and maintenance tips.

Yokohama India Company also offers technical assistance over the phone and provides a warranty on all its products. The company also has a network of authorized dealers and distributors across the country.

Goodyear India – Goodyear India Company is an American-based company that produces and distributes tires for passenger cars and commercial vehicles in India. It was established in 2004 and is a subsidiary of The Goodyear Tire & Rubber Company, which is headquartered in Akron, Ohio.

The company has four plants in India located near Chennai, Bhiwadi, Sanand and Aurangabad. They also have sales offices in various cities such as Delhi, Jaipur, Hyderabad and Mumbai.

Goodyear India offers a variety of products, including car and truck tires, off-road tires, agricultural tires, retreaded tires, conveyor belts, and other industrial products.

Their car tires are known for their high performance, excellent grip, low rolling resistance, and improved fuel efficiency. They have also introduced several new technologies, such as RunOnFlat, FuelMax and ComfortRide, to meet the ever-changing needs of customers.

The company also provides tire services such as tire rotation, wheel alignment, tire balancing, puncture repair, and nitrogen inflation. Goodyear India also participates in social initiatives such as road safety awareness campaigns, environment conservation initiatives and corporate social responsibility programs.

It has been awarded the “Best Tire Company in India” by the Society of Indian Automobile Manufacturers (SIAM) multiple times.

Goodyear India has developed a strong network with over 8,000 retail outlets across the country. It also has a strong presence on digital platforms and e-commerce websites. The company is committed to providing quality products at an affordable price and delivering excellent customer service.

TVS Tyres – TVS Tyres is a renowned global tyre manufacturer founded in 1982 by T.V. Sundaram Iyengar. The company has become one of the largest tyre and related product manufacturers in India, with its tyres being sold to over 60 countries worldwide.

TVS Tyres is known for manufacturing a wide range of tyres from passenger vehicle tyres, two-wheeler tyres, agricultural and off-road tyres, truck and bus tyres and light truck tyres. With their commitment to quality, safety and sustainability, TVS Tyres ensure that all their products meet the highest standards of performance and reliability.

The company has a strong focus on research and development so that their tyres remain up-to-date with advancements in technology and materials. They also have an impressive network of dealers, distributors and retail outlets across India, allowing them to provide quick and efficient services to customers.

As one of the most trusted brands in the tyre industry, TVS Tyres offer top-notch customer service, advanced technical solutions and best-in-class products at competitive prices. Their tyres are manufactured to the highest safety standards, ensuring a smooth and comfortable ride for drivers.

Dunlop India – Dunlop India is an Indian manufacturing company that produces a wide range of products, including tires, tubes, rubber goods, and automotive components. Founded in 1924, Dunlop India has been providing quality goods to customers for almost a century.

The company has several factories located throughout India, with its main headquarters in Kolkata. Dunlop India’s tires are among the most popular in the country, featuring high-performance characteristics and advanced technology. It also produces a wide variety of tubes, rubber goods, and other automotive components, such as brakes, shock absorbers, and exhaust systems.

In recent years, the company has made efforts to expand its product line to include more eco-friendly items, such as electric vehicles and solar energy products. The company also works closely with local communities to promote sustainability initiatives and economic development.

With its commitment to quality and innovation, Dunlop India has become one of the leading brands in the Indian auto industry.

CONCLUSION

In 2023, the tire and rubber products industry in India is expected to remain a strong and vibrant sector with an estimated revenue of over $20 billion. The majority of the companies in this industry are small and medium-sized enterprises that supply high-quality products to both domestic and international buyers.

With an increasing demand for sustainable tires and rubber, many companies have adopted innovative manufacturing processes to reduce their environmental footprint.

As a result, most tire and rubber products companies in India are highly competitive, providing consumers with a wide variety of products and services at competitive prices.

The industry has also seen significant investment from both government and private entities, helping it to remain a major contributor to the Indian economy.