Indian Tyre Industry : Unstoppably Surging Ahead

The wheel is the most remarkable invention, dating back to thousands of years. Consequently, the coarse wheel has undergone numerous developments to become a vital element in the mankind’s progress on almost every front. One of them is its utility in transportation. It prompted the concept of tyre and tubes made pneumatically from rubber and synthetic materials for smooth and speedy rotation of a wheel.

Despite several hurdles, the Best Truck Tubes Manufacturers. in India have surged ahead, catering to every mode of transport including aircraft. Right from tiny bicycles to mammoth earth moving machinery, it is the tyre that has set each of these in motion. In India, tyres and tube companies play an important role in every sphere of socio-economic development.

Earlier, the tyre and tube manufacturing sector did experience hiccups in 1986 when the Indian government imposed certain restrictions. Fortunately, the production and marketing of tyres and tubes was delicenced in the subsequent year, 1987. Both export and import of tyres and tubes were liberalized. Simultaneously, the grievances of the plantation owners supplying the key ingredient of rubber for the tyre industry were also resolved. The opening of economy in 1991 was a bonanza for best truck tubes manufacturers in India since they became a part of the OEM to the various automobile makers.

According to market analysts, the Indian tyre industry is expected to grow by a compound annual growth rate (CAGR) of nearly 12% between 2014 and 2017. An authentic survey has predicted the tyre production to reach the mark of 191 million units by the end of fiscal 2016. Backed by in-house research and development (R&D), the tyre manufacturers in India have come forth with new technologies and products for the end-users.

The radial tyre that initially catered to the passenger car segment in1978; is now all set to equip the light and heavy commercial vehicles. Top companies have earmarked a lion’s share of investment for the enhanced capacity of radial tyre production. During 2011-12, passenger cars accounted for 98% of the radial tyres usage. In the same period, it was 20% for light commercial vehicles and 18% for the other heavy vehicles like trucks and buses.

Experts in the industry have charted out an action plan on production of radial tyres. Apart from the cost-benefit ratio, they have called for rigid standards vis-à-vis surface of roads, load factor in commercial vehicles and awareness among the users.

With increasing number of multi-axle trucks hitting the road, the tyre industry in India stands to gain. The Golden Quadrilateral project and the mega plan to link all the highways nationwide are a boon for tyre companies. On the export front, Indian tyre industry has fared on a satisfactory note. The USA is the largest importer of tyres from India. During 2013-14, exports to the USA grew by 5.8%. Brazil, UAE and Philippines are among other importers.

Metro Tyres is a well-known tyre company in India. It is one of the most reliable tyre brands in India and abroad known for the high-performance, best-quality products.