As the world's third largest automobile market after China and the United States,India's tire industry has developed rapidly in recent years.Leading companies have begun to replace Chinese tires as their goal and strengthen their competition with Chinese brands.
Especially in the export market,India has continuously strengthened brand building and high-end transformation,and has strengthened promotion efforts in Western markets such as Europe and the United States.In the past four years,the export value of Indian tires has increased from 120 billion rupees to 230 billion rupees,almost doubling.So,how big is the gap between the Chinese and Indian tire export industries?Can India achieve the so-called"replacement"of Chinese tires in the future?
According to data disclosed by the Customs,China's cumulative exports of rubber tires in 2023 will be 8.86 million tons,a year-on-year increase of 16%;the export value is about 155.812 billion yuan,a year-on-year increase of 18.7%.It can be seen that in terms of tire export value,China is more than 7 times that of India.
Indian tires are currently exported to more than 170 countries around the world,with major markets including some of the most discerning markets in Europe and North America.The United States is the largest market for Indian tires.China's tire trading partners have reached 200 plus.From the distribution of tire exports in 2023,Brazil,the United Kingdom and Russia account for the largest proportion of semi-steel tire export countries(regions),while the United States,Mexico and Saudi Arabia account for the largest proportion of full-steel tire export countries(regions).
As we all know,the biggest obstacle facing China's tire exports is the tariff issue;while the problem facing India is the shortage of natural rubber..At the same time,both sides face another challenge,which is the weak brand power.Chinese tire manufacturers have increased their investment in research and development and continuously launched new products and technologies to get rid of the"low-end"label;while Indian tire manufacturers mainly achieve this goal through acquisitions.
At present,the Indian Automobile Tire Manufacturers Association has announced the 2030 plan,which is to promote India to become one of the world's three major tire centers by 2030.The key to this plan is to sign free trade agreements with major importing countries and cooperate deeply with automakers to increase the export of original Indian tire cars.At the same time,set a new benchmark in manufacturing quality and promote innovation to meet the needs of the ever-changing global market.It is impossible for India to replace Chinese tires in the short term,but it is obvious that in the near future,Indian tires will become a strong competitor that cannot be ignored.
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