The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), India Electric Vehicle Tire Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.

India Electric Vehicle Tire Industry Analytical Overview (2025-2030): Drivers, Opportunities, Challenges, and Trends,

According to the latest 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 significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2025 to 2030.

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What is Included in India Electric Vehicle Tire Market Segmentation?

The report has segmented the market into the following 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)

Based on the type of vehicles, the market is bifurcated into Passenger cars, light commercial vehicles(LCVs), and Medium & High Commercial Vehicles. Among all these, two-wheelers are anticipated to dominate the India Electric Vehicle Tire Market with the largest share during the forecast period due to increased penetration of two-wheeler electric vehicles in the Indian Market. Moreover, high traffic congestion issues due to a swift rise in the vehicle fleet, compel people to opt for two-wheelers as a convenient medium of transportation.

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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Key Factor Driver India Electric Vehicle Tire Industry Growth by 2030

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.

Who are the Key Players Operating in the India Electric Vehicle Tire Industry?

The top companies of the India Electric Vehicle Tire market ruling the industry are: 

• 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.

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FAQs (Frequently Ask Questions)

1. What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
2. What are the trends influencing the current scenario of the India Electric Vehicle Tire Market?
3. What are the key factors that would propel and hinder the industry?
4. Which geographical area dominates the India Electric Vehicle Tire industry?
5. Which is the Leading segment in the market?

About US:

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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