India's tyre exports hit record Rs 27,312 crore in FY26
India’s tyre exports reached a record Rs 27,312 crore in FY26.
That is 9% higher than Rs 25,057 crore in the previous fiscal.
The United States remained the largest market.
It accounted for Rs 4,082 crore, or 15% of export value.
However, its share declined from 17% after tariff changes affected Indian tyre imports.
The US raised tariffs from 25% to 50% in August 2025.
A later reduction to 18% in February 2026 provided some relief.
Germany, Italy, Brazil and France were among the other major destinations.
ATMA linked the export performance to diversification and cost optimisation.
The tyre industry has invested around Rs 30,000 crore in capacity expansion over four to five years.
The industry’s estimated annual turnover is around Rs 1 lakh crore.
But the margin picture is becoming more difficult.
JK Tyre has flagged an expected 18–20% rise in its raw-material basket in Q1FY27 versus Q4FY26.
The basket includes natural rubber, carbon black, synthetic rubber, polyester cord, nylon cord and process oils.
Natural rubber prices have also reached a nine-year high on global exchanges.
The key point is that India’s tyre export story is strong, but raw-material inflation could pressure margins in the June quarter.
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