Summary:

India’s tire exports increased by 9% YoY in FY25 to ₹25,051 crore (US$ 2.93 billion), despite trade and supply chain hurdles, according to ATMA. With a revenue of ₹99,942 crore, the industry has a significant export percentage. Farm and OTR tires accounted for 60% of exports. India exports to almost 170 nations, topped by the United States. ₹27,000 crore has been spent in projects over four years, demonstrating industry confidence.

ATMA emphasised the need to increase domestic natural rubber production, as imports account for 40% of demand. In contrast to worldwide trends favouring synthetic rubber, India's tire sector depends on natural rubber for 60% of its needs. ATMA partnered with the government and Rubber Board to establish Project INROAD, which received funding of ₹1,100 crore. It aims to cultivate two lakh hectares, but further efforts are required to fulfil future demand and boost exports.

Source: IBEF

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