India EV Tyre Market By Vehicle Type (Two-Wheeler, Passenger Car, Commercial Vehicle), By Rim Size (13-15”, 16-18”, 19-21”, above 21”), By Distribution Channel (OEM, Replacement), By Region, Competition, Opportunities & Forecast, 2020-2030F

Market Overview:

India EV Tyre Market was valued at USD 479.64 Million in 2024 and is expected to reach USD 1063.96 Million by 2030 with a CAGR of 14.20% during the forecast period. The India EV tire market is experiencing rapid growth due to several key drivers. One of the primary drivers is the expanding electric vehicle (EV) adoption across the country, driven by increasing environmental awareness and a shift toward sustainable mobility. As more consumers and businesses opt for electric vehicles to reduce their carbon footprints, the demand for specialized tires suited for EVs continues to rise. EVs require tires designed to handle the unique demands of electric drivetrains, such as increased torque, weight, and energy efficiency. Tire manufacturers are responding by innovating tire designs and materials to optimize performance, offering improved durability, and energy savings, which boosts consumer confidence and market growth. Furthermore, government policies and incentives, including subsidies and tax rebates for EV purchases, are accelerating the transition to electric mobility, thereby fueling tire demand for these vehicles.

Trends in the India EV tire market reflect an ongoing focus on improving tire performance and adapting to EV needs. With electric vehicles having different weight distribution and performance characteristics than traditional vehicles, tire manufacturers are focusing on developing tires with lower rolling resistance and enhanced grip, providing better range and safety. The integration of smart tire technologies is another emerging trend, allowing for real-time monitoring of tire conditions, improving maintenance and longevity. The development of lightweight tire materials is also gaining traction to improve vehicle efficiency and battery range. As the market continues to evolve, there is an increasing emphasis on sustainability, with manufacturers working to create eco-friendly tires that are made from renewable resources and are recyclable. The shift towards sustainable tire manufacturing is expected to support long-term market growth and align with the broader trends in EV adoption.

Despite the opportunities, the India EV tire market faces several challenges. One significant challenge is the high initial cost of EV tires compared to conventional tires. The specialized nature of EV tires, including the use of advanced materials and technologies, often makes them more expensive, which can limit their widespread adoption among cost-conscious consumers. Another hurdle is the limited availability of EV tires in some regions, as manufacturers scale up their production to meet the growing demand. Moreover, while EV infrastructure is expanding, the lack of a robust charging network can hinder the full integration of electric vehicles and their associated products like tires. However, as the EV market matures, tire manufacturers are expected to invest in addressing these challenges, improving the affordability and accessibility of EV tires, and capitalizing on the growth potential. These evolving market dynamics position the India EV tire sector for significant development in the coming years.

Market Drivers

Increasing EV Adoption:

The growth of the electric vehicle (EV) market is the primary driver for the expansion of the EV tire market. For instance, in 2024, India's electric vehicle (EV) industry achieved a significant milestone, with sales increasing by 26.5% year-on-year to 1.94 million units, according to Vahan data from the Ministry of Road Transport and Highways. This growth elevated the country's EV penetration to 7.46%, up from 6.39% in 2023. Despite this progress, traditional petrol vehicles remain dominant, comprising 73.69% of the 26.04 million vehicles sold in 2024. The average number of petrol, diesel, CNG, or hybrid vehicles sold per EV improved to 12.43, compared to 15.67 in 2023 and 21.05 in 2022. As more consumers and businesses shift toward EVs, the demand for specialized tires designed to meet the unique needs of electric vehicles intensifies. Unlike traditional vehicles, EVs are heavier due to the battery packs, and they require tires capable of handling higher torque. With governments offering incentives and the increasing consumer awareness of environmental concerns, more people are opting for electric vehicles, fueling the need for EV-specific tires. The expansion of EV manufacturing plants and the entry of new players into the EV market also contribute to a rising demand for specialized tire solutions. This, in turn, provides tire manufacturers with opportunities to develop better and more efficient products. As EV penetration in India grows, it will become a substantial segment in the tire market, influencing innovation and competition among tire makers.

Government Policies and Incentives:

Government initiatives and policies to promote the adoption of electric vehicles directly contribute to the growth of the EV tire market. Policies such as subsidies, tax rebates, and funding for EV infrastructure development encourage the transition to electric mobility. As the government accelerates its push for cleaner transportation solutions, manufacturers respond by innovating tire solutions suited to EVs. The positive regulatory environment makes EV ownership more affordable, thus creating more demand for EV tires. These government initiatives also offer manufacturers the certainty of sustained growth in the EV sector, allowing them to invest in advanced tire technologies. Public-private partnerships aimed at boosting the EV ecosystem further support tire demand. Government support for charging infrastructure also ensures the widespread adoption of electric vehicles, thereby contributing to the expansion of the EV tire market.

Technological Advancements in Tires:

As tire manufacturers invest in new materials and technologies, there is an evident shift towards developing specialized tires for EVs. Advancements like low rolling resistance tires, which increase the range of electric vehicles, are gaining popularity. These tires are designed to withstand the weight of EVs and their high torque demands. Innovations in tire compounds and designs are helping improve the performance and longevity of EV tires, which directly impacts consumer acceptance and market growth. The emergence of tire testing technologies and the ability to simulate real-world EV conditions are improving the development process, leading to more durable and efficient tires. Manufacturers are also utilizing artificial intelligence to predict tire wear patterns, enabling them to optimize tire designs. The focus on high-performance tires aligns with the need to make electric vehicles more efficient, reinforcing their adoption.

Growing Environmental Awareness:

Consumers’ increasing concern about environmental sustainability is driving the demand for electric vehicles, thereby increasing the need for tires designed specifically for these vehicles. People are becoming more aware of their carbon footprint, which is prompting them to make greener choices in their daily lives. As EV adoption grows, so does the need for specialized tires that align with the eco-friendly nature of electric vehicles. This driver plays a pivotal role in fostering the market for EV tires. As more automakers and tire companies commit to sustainability goals, the focus on eco-friendly tire production grows. The materials used in the manufacturing of these tires also become more sustainable, reducing the environmental impact. Additionally, the rise of recycling programs for used tires ensures that EV tire production remains in line with the broader global environmental goals.

Rising Fuel Prices:

The increasing cost of traditional fuel is another important factor driving the adoption of electric vehicles. With fuel prices constantly rising, consumers are looking for more economical alternatives. Electric vehicles offer lower operating costs due to cheaper electricity compared to gasoline or diesel. As EVs become a more attractive option for consumers seeking long-term savings, the demand for EV-specific tires also rises. As the transition to EVs accelerates, tire manufacturers are responding by ensuring the availability of specialized products. Furthermore, rising fuel costs make the energy efficiency of electric vehicles even more critical, with tire efficiency playing a significant role. As the cost of operating an electric vehicle continues to outperform conventional vehicles, EV adoption becomes even more attractive, encouraging greater demand for EV-specific tires.

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Key Market Challenges

High Initial Cost of EV Tires:

One of the most significant challenges in the India EV tire market is the higher cost of specialized tires compared to conventional tires. EV tires use advanced materials and technologies, making them more expensive to produce. The higher initial cost can deter some consumers from purchasing electric vehicles or switching to EV tires, especially in price-sensitive markets. While the long-term savings on maintenance and fuel may offset these costs, the upfront expense remains a barrier for many. In some cases, consumers may opt for cheaper conventional tires, which could impact EV performance and safety. Tire manufacturers need to explore cost-effective solutions without compromising the quality of the tires. As the market for EVs expands, scaling up production and adopting economies of scale will likely bring down the cost of specialized EV tires.

Limited Availability of EV Tires:

As demand for electric vehicles grows, the availability of tires designed specifically for EVs has yet to catch up. In many regions, EV-specific tires are not as readily available as their conventional counterparts. This limited supply is often due to the need for specialized production lines and the relatively new nature of the EV tire market. Without the necessary infrastructure in place to meet growing demand, consumers may find it challenging to access these tires, hindering market expansion. Tire retailers and manufacturers need to build partnerships with EV manufacturers and expand their distribution channels to ensure a steady supply. Improving manufacturing capabilities and logistics networks will ensure that EV tires are available in more locations and become easily accessible to consumers. The development of a robust supply chain is essential for meeting future demand in the rapidly growing EV market.

Increased Wear and Tear on Tires:

Electric vehicles are known for their higher torque and weight, which can put additional stress on tires compared to traditional vehicles. The heavy battery packs in EVs result in increased tire wear, particularly on the front tires. While advancements in tire technology have led to more durable products, the overall wear and tear on tires remain a challenge for manufacturers. Ensuring the longevity and performance of EV tires under these conditions is a constant challenge for the industry. Tire manufacturers must continue to innovate in the area of tire durability to ensure that EV tires meet the demands of high torque and weight distribution. This also means that consumers will have to replace tires more frequently, which could increase overall maintenance costs. As EV adoption continues to rise, tire durability will be a critical factor in shaping consumer preferences and overall market growth.

Consumer Awareness and Education:

Many consumers are still unaware of the specific tire requirements for electric vehicles. The general lack of awareness about the importance of using EV-specific tires can lead to confusion and reluctance to invest in them. Some consumers may mistakenly use conventional tires on EVs, which can lead to suboptimal performance and safety issues. Manufacturers and stakeholders must focus on educating the public about the advantages of using specialized tires to ensure proper performance and avoid tire-related issues. This could include campaigns, educational programs, and clearer guidance on tire maintenance for EVs. As consumers become more informed, they will likely prioritize the correct tire choice, thereby improving safety and overall performance. Creating awareness about the long-term benefits of EV tires will help accelerate their adoption.

Lack of Charging Infrastructure:

The absence of adequate charging infrastructure is a challenge that affects the growth of electric vehicles and, by extension, the demand for EV tires. Charging infrastructure, such as fast chargers and accessible stations, is still limited in some regions, making EV ownership less convenient. While this challenge is gradually being addressed, the slow pace of infrastructure development hampers the rapid growth of the electric vehicle market and the tire market that supports it. The slower adoption of EVs, in turn, reduces the demand for EV-specific tires. Developing more charging stations, improving accessibility, and enhancing the speed of charging will increase consumer confidence in EVs, helping drive the adoption of EV tires. As the charging infrastructure becomes more widespread, it will significantly support the growth of the EV tire market.

Key Market Trends

Growing Charging Infrastructure and Networks:

The expansion of charging infrastructure is a significant trend shaping the India EV tire market. As electric vehicles become more widespread, the development of accessible and reliable charging stations is gaining momentum across urban and semi-urban areas. The growing network of fast-charging and standard charging points enhances consumer confidence in switching to electric vehicles. This rise in EV adoption directly influences the demand for EV-specific tires, which are designed to handle the unique weight distribution and torque characteristics of electric vehicles. The integration of widespread charging facilities also enables longer travel ranges, leading to increased vehicle usage and a corresponding need for durable and high-performance tires. With both public and private sectors investing in the development of charging networks, the synergy between charging availability and EV tire demand is expected to strengthen, fostering long-term market expansion. For instance, as per the International Council on Clean Transportation (ICCT), India witnessed unprecedented growth in electric vehicle (EV) adoption and charging infrastructure in 2024, with EV sales reaching 19 lakh units a 19% rise from 2023 and 25,202 public charging stations installed nationwide. Uttar Pradesh led in EV sales, contributing 19% of the national total, while Karnataka topped the charging infrastructure with 5,765 public stations. This synchronized expansion in adoption and infrastructure has laid a strong foundation for the PM E-DRIVE scheme, launched in October 2024, which aims to further scale up electric mobility with dedicated support for electric trucks, buses, and charging infrastructure. With the transport sector accounting for 14% of India's CO₂ emissions, these developments mark a significant stride toward India’s climate goals and net-zero ambitions by 2070.

Eco-Friendly Tire Materials:

Sustainability is a growing trend in tire manufacturing. Tire manufacturers are increasingly exploring eco-friendly materials, such as renewable rubbers, bio-based oils, and recycled materials, to make EV tires more environmentally friendly. As the electric vehicle market is driven by environmental considerations, consumers are expecting tire manufacturers to adopt green practices as well. The use of sustainable materials not only helps reduce the carbon footprint of tire production but also aligns with the broader trend of sustainable automotive solutions. Recycling initiatives are further helping to reduce waste and make tire production more circular. The demand for eco-friendly tires is likely to grow as both consumers and governments push for more sustainable products in all sectors. Manufacturers who can integrate sustainability into their tire production processes will gain a competitive edge in the evolving EV tire market.

Focus on Performance Optimization:

As electric vehicles require tires that offer better grip and durability to handle high torque and heavier weight, tire manufacturers are focused on optimizing performance. EV tires are being designed to offer lower rolling resistance, improved traction, and better mileage, all while maintaining safety standards. Manufacturers are continually working on enhancing tire performance to maximize the range of electric vehicles and ensure better handling. The constant need to improve performance is a significant trend that is shaping the future of the EV tire market. Advances in tire tread design, material composition, and structural integrity are making tires more suited for the unique demands of EVs. Improved tire performance translates into enhanced vehicle efficiency and consumer satisfaction, boosting demand for such innovations.

Customization of EV Tires for Different Vehicle Types:

With the rise of different categories of electric vehicles—such as passenger cars, buses, and two-wheelers—tire manufacturers are beginning to customize their products to meet the unique needs of each vehicle type. For example, tires for electric buses need to support much heavier loads than those for passenger EVs, while two-wheelers require tires with different specifications for efficiency and safety. Manufacturers are increasingly creating tires designed for specific EV categories, improving overall market efficiency and ensuring that each type of vehicle is equipped with the most suitable tires. This trend is expected to accelerate as the variety of electric vehicle types increases. Customization allows manufacturers to cater to a wider range of consumers and businesses, leading to higher sales and more targeted marketing strategies.

Growth of Tire Recycling Programs:

As the global focus on sustainability intensifies, tire recycling is emerging as a significant trend in the EV tire market. The tires used in electric vehicles are not only designed for better performance but also for ease of recycling. Tire manufacturers are investing in technologies and systems to recycle used tires and reduce waste. This growing emphasis on tire recycling contributes to a more circular economy, where materials from worn-out tires can be reused in the production of new tires, aligning with environmental goals and reducing the ecological impact of tire disposal. Consumers are increasingly looking for sustainable tire options, and manufacturers who prioritize recycling will appeal to this environmentally conscious consumer base. As tire recycling processes improve, they will play an essential role in meeting global sustainability standards.

Segmental Insights

Rim Size Insights

In 2024, the dominant rim size segment in the India EV tire market is expected to be the 16-18 inch range. This segment has gained prominence due to its compatibility with a wide variety of electric vehicles, especially mid-sized passenger EVs. These vehicles, which make up a significant portion of the growing EV market in India, typically use 16-18 inch tires for optimal performance, balancing comfort, efficiency, and durability. As the EV market in India continues to expand, the demand for tires in this size range is set to increase, driven by the rise in popularity of compact and mid-range electric vehicles, which are both more affordable and efficient for the average consumer.

Tires in the 16-18 inch range offer a combination of advantages that make them ideal for Indian driving conditions, such as better fuel efficiency, lower rolling resistance, and improved ride comfort. These characteristics are crucial for EVs, as they help extend battery life and enhance the driving experience. The 16-18 inch tires are also more adaptable to a variety of road conditions, an essential feature in India, where road infrastructure can vary significantly from urban to rural areas. The demand for this rim size will continue to grow as more consumers transition from traditional internal combustion engine vehicles to electric alternatives, seeking a balance between performance and cost-effectiveness.

While other rim size segments like 13-15 inches and above 21 inches have their share of the market, the 16-18 inch range is expected to dominate due to the increasing number of electric vehicles that fall into this category. As more automakers introduce models with these specifications, tire manufacturers are also likely to focus on this segment, leading to further market growth and innovation. The tire technology for this rim size will continue to evolve, focusing on enhancing efficiency and performance to meet the specific needs of electric vehicle owners in India.

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Regional Insights

In 2024, the dominant region for the EV tire market in India was expected to be the West. This region has become a key hub for electric vehicle adoption due to its developed infrastructure, strong industrial presence, and increasing environmental awareness among consumers. The Western region, which includes states like Maharashtra, Gujarat, and Rajasthan, has seen significant growth in both the adoption of electric vehicles and the development of related infrastructure, such as EV charging stations. As a result, the demand for EV-specific tires in this region is projected to be the highest.

One of the key factors driving this growth is the rapid urbanization and industrialization in Western India, particularly in cities like Mumbai, Pune, and Ahmedabad, where electric vehicles are gaining popularity. These cities have witnessed a surge in government initiatives aimed at promoting sustainable transportation, which has positively impacted the electric vehicle market. The availability of incentives for EV buyers and businesses investing in electric mobility is contributing to the shift towards electric vehicles, thus driving the demand for specialized EV tires.

Moreover, Western India boasts a well-established automotive industry, with several manufacturing hubs for both traditional and electric vehicles. The region’s proximity to key ports also plays a role in the easy availability of EV components, including tires. As more automakers launch electric vehicle models in this region, the demand for EV-specific tires continues to rise. The increasing adoption of electric two-wheelers, in particular, is expected to contribute significantly to the growth of the tire market in this region.

The development of a robust EV ecosystem in the West, supported by favorable policies and incentives, has positioned it as the dominant region in the Indian EV tire market. As electric vehicle adoption accelerates, this trend is set to continue, with Western India remaining the primary market for EV tires in 2024 and beyond. The region's growing consumer base, coupled with a strong focus on sustainability and infrastructure development, makes it the leader in the Indian EV tire market.

Recent Developments

• In 2024, Eurogrip is set to launch a new range of fuel-efficient tires tailored specifically for electric vehicles (EVs), marking a strategic move to support India’s growing EV ecosystem. Designed to address the unique requirements of EVs such as low rolling resistance, higher torque, and enhanced battery efficiency, the upcoming tire range is expected to contribute to improved mileage and sustainability. With this development, Eurogrip aims to align its product offerings with evolving mobility trends and strengthen its position in the rapidly expanding EV tire segment. ​
• In 2024, JK Tyre & Industries has partnered with Vertelo to introduce 'Connected Mobility Solutions' for electric vehicle fleets in India. The collaboration involves supplying Vertelo's fleet with JK Tyre's new 255/70R22.5 JUXe EV tyres, equipped with Treel sensors that offer real-time tyre monitoring capabilities. The initiative aims to enhance fleet efficiency and performance, with services commencing in Mumbai and plans for nationwide expansion. A dedicated team from JK Tyre will provide round-the-clock support at depots and enroute assistance to ensure seamless operations.
• ​In 2024, JK Tyre has unveiled a new range of commercial vehicle tyres aimed at enhancing performance, efficiency, and sustainability. The lineup includes four variants: JETWAY JUM XM, JETWAY JUC XM, JETSTEEL JDC XD, and JETWAY JUXe, specifically designed for electric buses. The JETWAY JUM XM, a next-generation tubeless tyre, boasts a 4-star rating and an RRc value of 4.9 KN/n, contributing to reduced fuel consumption and lower carbon emissions. The JETWAY JUC XM offers up to 10% longer tyre life, making it ideal for tippers and trailers, while the JETSTEEL JDC XD is built for heavy-load transportation. The JETWAY JUXe, designed for electric buses, features a low RRc value for extended range per charge and a low-noise design for quieter urban environments.

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 presents in the India EV Tyre Market.

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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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