India Tire Market Current Scenario Forecast to 2030
India Tire Market size was valued at USD 194.57 Mn Units in 2023 and the India Tire Market revenue is expected to reach USD 239.30 Mn Units by 2030, at a CAGR of 3 % over the forecast period.
Overview
A tire is a rubber covering around a wheel, providing traction, support, and a cushion against shocks. Automotive tires are essential components of vehicles, contributing to their overall performance and safety. Tires come in various sizes and types, such as summer tires, winter tires, and all-season tires, each designed for specific driving conditions.