Tyre companies listed in India: who they are and what they make

Eight companies whose main business is making tyres have shares listed on Indian stock exchanges: MRF, Apollo Tyres, CEAT, JK Tyre & Industries, Balkrishna Industries (BKT), TVS Srichakra, Goodyear India and Tolins Tyres. Seven of them trade on both the National Stock Exchange (NSE) and BSE; Goodyear India's shares are listed on BSE. Between them they make tyres for nearly everything with wheels, from scooters and hatchbacks to trucks, tractors and mining machines.

Some of the best-known tyre brands sold in India are not on the list, because their Indian businesses are private companies owned by foreign groups. Bridgestone India Private Limited and Michelin India Private Limited are two examples. Their tyres are covered in our brand guides, but their shares cannot be bought on an Indian exchange.

This page describes the businesses. It does not cover share prices or offer any view on investing; for that, read the companies' own filings on the exchanges.

How the tyre industry in India is structured

The industry is large and concentrated. The Automotive Tyre Manufacturers' Association (ATMA), whose members are the large makers, estimates annual turnover at about ₹1 lakh crore. Crisil Ratings puts the sector's revenue in 2025-26 at ₹1.36 lakh crore, with six leading companies accounting for about 85% of it.

Tyre makers divide their business by the vehicles they serve:

• Passenger cars and SUVs, the market most car owners buy in.
• Two- and three-wheelers: motorcycles, scooters and three-wheelers.
• Trucks and buses, in both radial and bias-ply construction.
• Off-highway: farm tractors and implements, construction, mining and industrial machines.

And by who buys them. Replacement sales, to owners like you, make up about half of annual sales, according to Crisil. The rest goes to vehicle makers as original equipment, and abroad. Exports reached a record ₹27,312 crore in 2025-26, and ATMA says they account for more than a quarter of the industry's revenue; farm and off-the-road tyres made up nearly 60% of export value in 2024-25. Natural rubber is the key raw material: Crisil puts it at nearly half of the industry's raw material costs, and ATMA says tyre makers use about 70% of the natural rubber consumed in India.

The companies in brief

MRF

MRF started in 1946 as a small balloon-making unit at Tiruvottiyur in Chennai, and became a public company in 1960-61. It is still based in Chennai and runs ten plants. Its tyres cover passenger cars, two- and three-wheelers, commercial vehicles of every size, off-road and farm machinery, defence vehicles and aircraft, and it also makes tubes, flaps and tread rubber. Two of its plants hold the quality certification used for supplying the aviation and defence industries, and it sells in more than 60 countries.

Apollo Tyres

Apollo Tyres is headquartered in Gurugram, with its registered office in Kochi. It sells under two brands: Apollo, and Vredestein, the Dutch tyre maker it bought in 2009. Its range runs from car, SUV and two-wheeler tyres to truck and bus, farm, industrial and off-road tyres, made in India and Europe and sold in more than 100 countries.

CEAT

CEAT, based in Mumbai, is the flagship company of the RPG Group. Its plants at Halol (mainly passenger and truck and bus radials), Nagpur (mainly two-wheeler tyres), Ambernath (off-highway radials) and Chennai (passenger radials) supply a range that runs from scooter tyres to truck radials, sold in more than 110 countries. In August 2026 it said its board had approved ₹1,205 crore to add capacity for about 53,000 two-wheeler tyres a day.

JK Tyre & Industries

JK Tyre, part of the JK Organisation, has its administrative office in New Delhi and its registered office at Kankroli in Rajasthan. It describes itself as the pioneer of radial tyres in India, having made its first radial in 1977, and today makes truck and bus radials, car tyres and two- and three-wheeler tyres at 11 plants across India and Mexico, where it operates through its subsidiary JK Tornel. In December 2025 it completed the amalgamation of its Laksar tyre plant into the company, a plant it says it took from about 30% to nearly 95% capacity use after buying it.

Balkrishna Industries (BKT)

Balkrishna Industries sells under the BKT brand and describes itself as India's leading player in the global off-highway tyre market: tyres for farm machinery, construction and earthmoving, mining, ports, industrial vehicles, lawn and garden equipment and all-terrain vehicles. Its plants are at Waluj in Maharashtra, Bhiwadi and Chopanki in Rajasthan, and Bhuj in Gujarat, and it sells in more than 160 countries. On 22 October 2026 it told the exchanges it had signed a framework agreement with Pirelli for a proposed 50:50 joint venture to make passenger car tyres in India, and that in the meantime it would make Pirelli-branded car tyres at its Bhuj plant.

TVS Srichakra

TVS Srichakra, incorporated in 1982 and based in Madurai, makes tyres for two- and three-wheelers and off-highway vehicles under the Eurogrip brand. Its plants at Madurai in Tamil Nadu and Pantnagar in Uttarakhand can make more than 3 million tyres a month, and a design centre in Milan supports its research centre in Madurai.

Goodyear India

Goodyear India is part of the American Goodyear group; its shares are held through Goodyear Orient Company of Singapore, and The Goodyear Tire & Rubber Company is the ultimate parent. It makes farm tyres and commercial truck tyres at its plant in Ballabgarh, Haryana, where its registered office is, and markets Goodyear passenger car tyres made by a group company, Goodyear South Asia Tyres, at Aurangabad. Its corporate office is in Gurugram. During 2025-26 its parent reviewed the Indian farm tyre business and decided to keep it.

Tolins Tyres

Tolins Tyres, from Kalady in Kerala, began in 1982 as a small tread rubber unit and still makes precured tread rubber and other retreading products alongside tyres for two- and three-wheelers, light commercial vehicles and farm use. It set up a plant at Ras Al Khaimah in the United Arab Emirates in 2006, started making tyres at Kalady in the mid-2000s, and added a two- and three-wheeler tyre unit there in 2014.