Indian Commercial Vehicle Tyre Market

The Indian Commercial Vehicle Tyre Market Analytics is the major tyre segment in India. This is the largest segment because the Truck and Bus segment generates more than 50% revenue in the Indian Tyre segment. The Commercial Vehicle Tyre segment registered 5% growth in FY 2025 compared to FY 2024.  This segment has been continuously growing in Production and sales since FY 2021. The export of Indian Truck and Bus tyres rose 7% in FY 2025, the highest in the last 3 years. The Indian CV tyre import grew by 984% in FY 2025, which is the highest in the last 5 years. China is one of the major countries driving import growth.

The major market for Tyres in the Indian Truck and Bus industry is replacement tyres. The replacement tyre is roughly common at 63%, OE at 20%, and export at 17%. After a trade deal with multiple countries, the export of the tyre could grow significantly in the next couple of years significanly.

Radialization is gaining popularity in the heavy-duty commercial vehicle segment, and it is expected to reach 70% over the next 5 years. Every Truck and Bus Sub segment has a different level of radial tyre adoption rate due to its different application, suitability, purchasing power, and requirements. The growth in multiple-axle truck sales and better road conditions are key drivers behind this excellent growth.

This segment’s performance depends on various parameters, such as high replacement cycles, economic indicators, freight rates, Road conditions, Overloads and payloads, and customer types and payment flexibility.

Recently, BKT Tyre also entered into this high-value segment. Some segments have a low entry barrier for the company, such as the Heavy Duty Tipper segment. On the other hand, Continental Tyre decided to leave the HCV segment in India due to several entry barriers.

The ACG Indian Commercial Vehicle Tyre dahsboard provide following benefits:

Strategic Market Intelligence:

Commercial vehicle and Tyre Market Share tracking:

• Real-time tracking of market share gainers and losers of OEMs, Vehicle Type, Models, Variants,  Tyre Type, Tyre size, and Application.
• Competitor move, launch a new tyre, and predict the movement
• Axle Load Pattern Analysis

Strategic Business, Price analytics and Product Planning:

• By having multiple factors and their impact on the Indian CV Tyre Industry. Tyre companies can make a decision based on the real-time actionable insight
• Our dashboard converts complex data into actionable insights and provides clear predictions for the future across various scenarios.
• Based on the application trend, Fuel type demand, and the adoption or penetration curve, the new tyre launch changes the market share scenario
• SKU Rationalization: Mapping with product portfolio, find the gap, missing segment, and fill the product market gap effectively
• Tyre Type trend in real time. How is the radial tyre segment share increasing across tyre size segments? This real-time tracking help for allocate the budget, customer acquisition, and R&D investment
• Track the high growth segment and high profit margin tyre size
• Live and adjusted forecasts help to schedule the production plan
• Live, updated MOP pricing and discount trends, along with product positioning by tyre size, help inform decisions on price adjustments.
• Justify the  offering of different SKUs