The Tyre industry in India is considered as a very important industry comprising of national and international companies. The tyre industry has a great importance in the automobile industry. The tyre should be made of great quality to ensure the customers a congenial ride every time they ride a vehicle. The safety and stability coefficient of the vehicle greatly depends on the tyre of the vehicle.
There are two types of tyres- tubeless and tube tyres. An extra edge is present in the tubeless tyres that provide more stability to the vehicle than the tyres having tubes. The list given below gives the information about the top 10 best tyre manufacturing companies in India 2020.
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10. MODI RUBBER LIMITED
The company is the tyre manufacturing company from India. The company is known to manufacture tyres with high quality and stability. The company has developed a lot in these years. The last financial year proved an enormous growth for the company. The revenue of the company crossed the benchmark of Rs 22 Crore in the last financial year. The market capitalisation of the company is about Rs 76 Crore.
9. DUNLOP INDIA
They are known for their quality and the special essence that the Dunlop tyres have. This company started in the year 1896. The company started by manufacturing cycle tyres in the earlier years. Dunlop India is a national tyre manufacturer that is owned by the Ruia Group. The company is known for the reliability it provides to its customers. Dunlop India manufactures tyres of trucks, motorcycles, bus and farm tyres. The market capitalisation of Dunlop India is Rs 148 Crores.
8. PTL ENTERPRISES
The tyres made by PTL Enterprises are descriptive. The company believes in quality. PTL Enterprises was established in the year 1959. PTL Enterprises started manufacturing tyres in the year 1962. The company is known for manufacturing tyres of trucks, buses, farm vehicles and motorcycles. PTL Enterprises is a national tyre manufacturing company. The market capitalisation of PTL Enterprises is Rs 284 Crores.
Going with the logo “one revolution ahead”, Goodyear owns 7th position in the list. The company is an American tyre manufacturing company known for its essence and quality. Goodyear was established in the year 1898. The company has been working since 1898 in America, but Goodyear made its debut in India in the year 1922. Soon after its launch, Goodyear made a place with the leading tyre companies of India. Goodyear not only manufactures tyres of different vehicles but is also known for making tyres of farm equipment. The market capitalisation of the company is 1425 Crores.
6. TVS SRICHAKRA
The company is a part of the TVS group. TVS Srichakra was established in the year 1982. TVS Srichakra is a new company but is competing with the leading tyre manufacturing companies. TVS Srichakra is a national tyre manufacturing company. The quality and stability of the TVS tyres is very famous. The company manufactures motorcycle tyres, farm tyres and industrial tyres. The market capitalisation of TVS Srichakra is Rs2042 Crore.
5. JK TYRES
JK tyre was established in the year 1974. The company is a national tyre manufacturing company. It is counted among the leading tyre manufacturing companies. JK tyres have 6 plants all over India. The quality of the company is reliable. These tyres provide great stability to the vehicles. JK tyres is known for making tyres of vehicles like cars, commercial vehicles, farm vehicles and off road vehicles. The company has won many awards for the amazing work. The market capitalisation of JK Tyres is Rs 2631 Crores.
CEAT is among the leading companies of the country that manufacture tyres. CEAT was established in the year 1958. CEAT forms a part of very famous company. It is a part of RPG Group. The Headquarters of the company are located in Mumbai and manufacturing sites are located all over India. The company manufactures tyres for commercial vehicles, farm vehicles, motorcycles and off road vehicles. The business of CEAT is growing day by day and it has 250 distributors in the country. The market capitalisation of CEAT is Rs 3571 Crores.
3. BALKRISHNA INDUSTRIES LIMITED
The BKT is considered as one of the leading tyre manufacturing companies of India. The company was established in the year 1987. The company is known for providing quality along with perfection. BKT is known for manufacturing tyres of heavy vehicles like industrial vehicles and agricultural vehicles. The company is a national based company but exports tyres to more than 100 countries. BKT has 5 manufacturing sites all over India. These sites along with manufacturing high quality tyres also employ more than 6000 people. The market capitalisation of BKT is Rs 6557 Crores.
2. APOLLO TYRES
The Apollo tyre is considered as one of the leading manufacturer of tyres all over the world. The company was established in the year 1972. The company has manufacturing plants all over India and The Netherlands. The company is known for exporting tyres to more than 100 countries. Apollo is known for the quality and reliability it provides to its customers. The growth revenue of the company in the year 2014-2015 was recorded to be Rs 13700 Crore. The market capitalisation of Apollo tyres is Rs 10521 Crores.
MRF is considered as the leading tyre manufactures. The company was established in the year 1946. MRF is known worldwide for the high quality tyres. MRF tyres provide great stability. MRF is known for making high quality tyres, conveyor belts, pretreads and many other famous products. Some of the variants of tyres manufactured by the company are ZVTS, ZEC, ZLX and Wanderer. The revenue recorded by the company in the last financial year is Rs 14600. The market capitalisation of the year is Rs 16774 Crores.
From the above discussion some valuable information has been found about the top 10 manufacturers of tyres in India. The tyres used should be really good because they ensure safety. All the names that are listed above are famous for the quality they provide. These tyres are used and trusted by people all over the world. People trust and use these brands of tyres for the reliability they provide. These tyres are available at reasonable prices all over India.