Indian tyre exports achieved a record high of ₹27,312 crore during financial year 2025-26 (FY26), marking a 9 per cent increase from the ₹25,057 crore recorded in the previous year, according to data released by the Ministry of Commerce.
This is the second consecutive year of 9 per cent growth for the sector, occurring alongside widespread geopolitical friction and a decelerating global economy.
The export growth was achieved despite logistics challenges and shifting trade policies in key international markets. The United States maintained its position as the largest single destination for Indian tyres, accounting for 15 per cent of total export value at ₹4,082 crore.
However, the US market share declined from 17 per cent in the previous year amid significant tariff volatility. In August 2025, the US administration raised tariffs on Indian tyre imports from 25 per cent to 50 per cent, temporarily affecting the competitiveness of Indian exporters against other supplying nations. However, in February 2026, tariffs on most Indian goods were reduced to 18 per cent, offering some relief and aiding a recovery in exports towards the end of the fiscal year.
To counter these fluctuations, Indian manufacturers diversified their geographic reach. Following the US, Germany accounted for 7 per cent of exports, while Italy and Brazil each accounted for 5 per cent. France contributed 4 per cent. Indian tyres are currently distributed to more than 170 countries.
Source : business standard