India Electric Vehicle Tire Market Forecast 2025–2030: Key Players, Trends & Outlook
India Electric Vehicle Tire Market report by MarkNtel Advisors, a leading market research company, provides an in-depth analysis of the market’s size, share, and growth prospects."
Overview of the India Electric Vehicle Tire Market
This market research report offers detailed market analysis, industry insights, and growth forecasts for the India Electric Vehicle Tire industry. It includes qualitative and quantitative research, competitive intelligence, and key market trends. Designed to support strategic planning, the report covers market segmentation, share data, and emerging opportunities—ideal for businesses, investors, and analysts seeking reliable data to inform decisions and understand the competitive landscape.
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Scope of the Report
- Market size and revenue (current & projected)
- Growth trends backed by real data
- Competitive landscape and who’s leading
- Opportunities and threats worth noting
Key Findings and Insights Market Size and Growth
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.
Key Factors Driving Growth
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.
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India Electric Vehicle Tire Market Segmentation Insight (2025-30)
Break down the market into key segments such as:
By Vehicle Type
- Passenger Cars
- Commercial Cars
- Two-Wheelers
Based on the type of vehicles, the market is bifurcated into Passenger cars, light commercial vehicles(LCVs), and Medium & High Commercial Vehicles.
By Product Type
- Radial Tires
- Bias Tires
Based on the product type, the market is bifurcated into Radial Tires, Bias Tires, and Composite Tires.
By Tire Size
- Up to 14”
- 15”-18”
- Above 18”
By Propulsion
- Battery Electric Vehicle (BEV)
- Hybrid Electric Vehicle (HEV)
By Sales Channel
- Original Equipment Manufacturers (OEMs)
- Aftermarkets
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.
Notable Industry Key Players
Get detailed profiles and strategic insights on major companies shaping the market, including:
- 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.
Request Methodology
- Robust methodology ensures accuracy and minimizes forecast deviations.
- Top-down and bottom-up analysis for precise market segmentation.
- Multi-angle data triangulation enhances reliability of insights.
- Expert-led primary research through surveys, interviews, and more.
- Predictive modeling delivers forward-looking market intelligence.
Key Questions Answered in This Market Research Report
- What is the current market size and total valuation?
- How fast is the market expected to grow in the coming years?
- What are the latest trends influencing the market?
- Which factors are driving or restraining market growth?
- How is the market segmented and geography?
- Who are the key players and what strategies are they adopting?
- What does the competitive landscape look like?
- Which regions offer the highest growth opportunities?
- What opportunities and challenges should stakeholders prepare for?
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