Top Best Tyre Companies in India 2020

In India, a large number of vehicles ply on the roads, necessitating a strong presence of the top 10 tyre brands in India.

India has 220+ million registered vehicles, according to the government’s statistics portal.

India ranks in the world’s fourth-largest market for commercial and passenger vehicles, research by various agencies.

Which Is the No 1 Tyre Company in India?

Each brand has to offer something unique and different than its all competitor. CEAT is one of the best and most trusted tyre brands in the market.

What Is the Best All-Season Tyre?

Goodyear GT3 and Bridgestone Turnaza are considered the all-season tyre. Bridgestone is producing some of the best all-season and luxury tyres, and Bridgestone offers a long tread life and is highly fuel-efficient.

Goodyear is a trusted brand, and the GT3 line of tyres works excellent in light winters with a perfect grip and treading.

Top Tyre Brands in India 2020

Here, we present the list of tyre companies that includes the top 5 tyre brands in India and the top 10 tyre brands.

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List of Top 10 Tyre Companies in India As Per Net Profit

Here, we have the top 10 tyre companies in world rankings, focusing on the top 10 tyre companies in India as per net profit.

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List of Top 10 Tyre Manufacturing Companies in India As Per Net Sales

Here, list of tyre manufacturers in India.

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List of Best Bike Tyre Brand in India

Here, we have the list of tyre companies that includes the best tyre brand in India for two-wheelers.

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List of Best Car Tyre Brand in India

Here, list of the Best Car Tyres in India.

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Best Tyre Brands in India

Here is the list of tyre companies that includes the best tyre brand in India, showcasing the top 5 tyre brands and top 10 tyre brands in India.

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List of Top Best Tyre Companies in India 2020

• MRF Tyres
• Apollo Tyres
• JK Tyres
• CEAT Tyres
• Bal Krishna Tyres
• TVS Tyres
• Goodgear Tyres
• Bridgestone Tyres
• Michelin Tyres
• Continental Tyres

#1. MRF Tyres

MRF Tyre limited company is one of the most popular and manufacturer tyre companies in India, often regarded as the India no 1 tyre company. MRF Tyre Limited is the Largest Tyre Company in India in the area of total sales in India. 

Now, MRF sponsors cricket, soccer, and other sports events. Top Indian cricket players using an MRF-branded bat, while soccer players abroad wear the MRF logo on their T-Shirt sleeves.

In the 1950s, the MRF started producing rubber, and its name was Madras Rubber Factory (MRF).

Now, MRF is a reputed tyre company in India and abroad. MRF Tyres started in the year 1946 as a nondescript rubber balloon manufacturing unit from a small shack near Chennai, set up by KM Mammen Mappillai.

In the year 1960s, the company joint ventured into manufacturing tyres, and in collaboration with an American firm, Ohio-based Mansfield Tire & Rubber Co.

MRF offers products in passenger car radials but also provides radials for buses, bikes, trucks, tractors, and off the road vehicles. MRF Limited also manufactures other rubber products such as conveyor toys and belts.

In the ’60s, MRF Limited was exporting its quality tyres in multiple countries, and its presence was known globally in 65 countries – with tyres rolling out.

MRF has 8 facilities built across 450 acres, 4000 plus strong dealer networks and 180 different offices.

• Total Sales: Rs 16,711 Cr
• Profit: Rs 1,087 Cr
• Market Cap:  26,751 Cr.
• ROE: 9.67 %
• Sales Growth (3Yrs): -7.33 %
• Promoter holding: 27.75 %
• Debt to equity: 0.19
• Price to book value: 2.37

MRF’s Popular Products

• MRF ZVTS
• MRF Wanderer
• MRF Meteor
• MRF Steel Muscle
• MRF ZLX

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#2. Apollo Tyres

Apollo Tyres ranked as the world’s 17th largest tyre manufacturer in India. The Headquarters is located in Gurgaon, Haryana.

Apollo Tyres Ltd started in the year 1972. Apollo Tyres has many manufacturing units in India, the Netherlands, and Hungary.

Apollo Tyres Ltd. is a global presence in 120+ countries. The company was started in 1972, and since then, it has become one of the leading tyre suppliers in India and Europe.

In the financial year 2019, the company clocked a turnover of US$ 2.48 billion, backed by a global workforce of approximately 17,200 employees.

Apollo Tyres is one of the best tyre company in India in terms of Value. Its products under two global brands:

• Vredestein
• Apollo

 Apollo manufactures tyres for passenger cars, light trucks, truck-bus, off-highway and bicycle tyres, retreaded tyres, and retreading material. Apollo makes radials for cars, bikes, and a host of other commercial vehicles.

• Total Sales: Rs 17,309
• Profit: 507 Cr
• Market Cap:  9,633 Cr.
• ROE: 8.39 %
• Sales Growth (3Yrs): 13.99 %
• Promoter holding: 40.90 %
• Debt to equity: 0.62
• Price to book value: 0.98

Apollo’s Popular Products

• Apollo Amazer 4G
• Apollo Actizip
• Apollo ALNAC
• Apollo APTERRA HP
• Apollo Alpha

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#3. JK Tyres

JK Tyres is one of the most reputed and oldest tyre manufacturers in India.

JK Tyres was Started in the year 1974 and headquartered located in Delhi, India. JK has manufacturing centers located in Chennai, Mysore, Kankroli, and Banmore.

JK Tyres has been known for its innovation and excellence in the tyre manufacturing industry. JK Tyres was the first tyre company to introduce radial technology in passenger cars in the year 1977.

JK Tyre’s wide range of tyres covers the entire spectrum of cars and SUVs available in the Indian market – from Mercedes, BMW, and Audi to (Tata) Nano,” says the company website.

JK Tyre top 25 manufacturers in worldwide. JK Tyre Ltd has a global presence in 100 countries backed by production from 12 plants – 3 in Mexico and 9 in India.

Currently, the capacity of all its plants is about 35 million tyres per annum. In the April 2016, JK Tyre acquired Cavendish India Limited from Birla Tyres.

 JK is exporting tyres worldwide, contributing more than 22 % of the total tyre exports. JK tyre is the only tyre manufacturing the entire range of 4 wheeler radials for Trucks, Cars, and Buses.

 JK Tyres also produce a wide variety of vehicle tyres, from two-wheelers to SUVs.

• Total Sales: Rs 10,167 Cr
• Profit: 134 Cr
• Market Cap:  1,709 Cr.
• ROE: 9.40 %
• Sales Growth (3Yrs): 14.55 %
• Promoter holding: 56.23 %
• Debt to equity: 2.09
• Price to book value: 0.71

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#4. CEAT Tyres

CEAT Tyres is one of India’s leading and oldest tyre manufacturers in India and has a strong presence in global markets.

Mumbai-based CEAT Tyres are the flagship company of RPG Enterprises. CEAT Tyres was started in the year 1958.

CEAT produces over 15 million tyres a year. CEAT offers the widest range of heavy-duty buses and trucks, forklifts, light commercial vehicles, earthmovers, tractors, motorcycles, trailers, cars, and scooters, as well as auto-rickshaws.

CEAT was taken over by the RPG group in 1982 and had an annual turnover of 3500+ Cr.

CEAT Tyres made the top of the range radials for light cars, commercial vehicles, scooters, motorcycles, auto-rickshaws, and buses. Apart from that, CEAT manufactures tyres for tractors, heavy-duty trucks, trailers, forklifts, and also earthmovers.

• Total Sales: Rs 6,934 Cr
• Profit: 244 Cr
• Market Cap:  3,805 Cr.
• ROE: 10.60 %
• Sales Growth (3Yrs): 8.40 %
• Promoter holding: 50.52 %
• Debt to equity: 0.64
• Price to book value: 1.34

CEAT’s Popular Products

• CEAT Milaze 53J
• CEAT Milaze X3
• CEAT Secura Zoom+
• CEAT Gripp

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#5. Bal Krishna Tyres

Bal Krishna Tyres started in the year 1987. Headquartered in Mumbai-based, Balkrishna Tyres (BKT) is leading in the off-highway-road (OTR) tyres.

BKT various sectors such as Industrial, Construction, Agriculture vehicles as well as earthmoving, port and mining, ATV, and gardening applications. Etc. 

BKT supplies tyres to 120+ countries worldwide, and almost 90% of its production comes from foreign countries.

The rapid industrialization of India, as well as growth in the agriculture sector, has caused a tremendous demand for superior quality tyres made by BKT.

BKT has developed into a global player in the Off-Highway tire industry with a 6% market share.

Presently, have four subsidiaries in Europe and North America assisting our head office in sales and marketing activities: BKT Tires Canada Inc. in Toronto, BKT Europe S.r.l. in Seregno, Italy, BKT Tires USA Inc. in Akron, Ohio, and BKT Tires, Inc. in Brentwood, Tennessee.

Products in 130 countries worldwide through a network of national distributors. The Company has production sites in Aurangabad, Bhiwadi, Chopanki, Dombivali, and Bhuj employ more than 7,000 people.

• Total Sales: Rs 4,834 Cr
• Profit: 809 Cr
• Market Cap:  17,089 Cr.
• ROE: 17.22 %
• Sales Growth (3Yrs): 17.20 %
• Promoter holding: 58.30 %
• Debt to equity: 0.14
• Price to book value: 3.42

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#6. TVS Tyres

TVS, Srichakra Ltd is one of the leading tyre manufacturing companies in India. TVS Srichakra Ltd is well-reputed and one of India’s leading two-wheeler and three-wheeler tyres manufacturers.

TVS has two state-of-the-art manufacturing units at Madurai (Tamil Nadu) and Rudrapur (Uttrakhand), spread over 2.9 lakh sq. meters.

TVS Srichakra Tyres is part of TVS Auto Ancillary Group that has a turnover of US$ 6 billion. TVS Srichakra Tyres was founded by T.V. Sundaram Iyengar.

TVS manufacturers, which include Hero MotoCorp Limited, Bajaj Auto, India Yamaha Motor, etc.

TVS Srichakra manufactures two and three-wheeler tyres, skid steer tyres, industrial pneumatic tyres, multipurpose tyres farm and implements tyres, and floatation tyres.

The Company manufacture a prolific range of tyres:

• Two & Three-wheeler tyres
• Industrial pneumatic tyres
• Farm and implement tyres
• Skid steer tyres
• Multipurpose tyres
• Floatation tyres.
• Total Sales: Rs 2,354 Cr
• Profit: 103 Cr
• Market Cap:  1,349 Cr.
• ROE: 15.06 %
• Sales Growth (3Yrs): 3.63 %
• Promoter holding: 45.36 %
• Debt to equity: 0.47
• Price to book value: 1.85

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#7. Goodgear Tyres

Goodyear is one of the most world’s largest tyre companies. Goodyear is seventh in the list of Top tyre manufacturers in India.

Goodyear was based in the United States of America and was started in the year 1898. Goodyear has two Innovation Centers located in Akron, Ohio, and Colmar-Berg, Luxembourg.

Goodyear operates in 22 countries and is the second-largest tyremaker in Europe. Goodyear produces tyres for trucks, automobiles, race cars, SUVs, airplanes, and other heavy machinery. 

Goodyear has employees of about 64,000 people and manufactures its products in 47 facilities in 21 countries around the world.

• Total Sales: Rs 1,832 Cr
• Profit: 113 Cr
• Market Cap:  2,201 Cr.
• ROE: 12.23 %
• Sales Growth (3Yrs): 3.38 %
• Promoter holding: 74.00 %
• Debt to equity: 0.00
• Price to book value: 2.46

Goodyear’s Popular Products

• Goodyear Assurance Fuel Max
• Goodyear Wrangler SR-A
• Goodyear Wrangler Trailrunner AT
• Goodyear Eagle F1 Asymmetric
• Goodyear Marathon

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#8. Bridgestone Tyres

Bridgestone is a Globally known brand in the area of tyre manufacturing. The Headquartered was located in Kurume, Japan. Bridgestone was started in the year 1930.

Bridgestone Tyres is the world’s leading manufacturer of tyres and is a multinational organization that began its journey in Japan.

Bridgestone is responsible for producing Motor Vehicle Tyres, Sports Car Tyres, Formula One Tyres, and also produces Automotive Components, industrial products, and more.

It has 141 production facilities around the world, in 24 countries. Apart from tyre, making radials, it also produces other products such as automotive parts, industrial products, and bicycles.

Bridgestone’s Popular Products

• Bridgestone Ecopia EP422
• Bridgestone Dueler H/L 422 ECOPIA
• Bridgestone Dueler A/T REVO 2
• Bridgestone Dueler H/P Sport

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#9. Michelin Tyres

Michelin’s Popular Products

• Michelin Defender
• Michelin Premier LTX
• Michelin Pilot Street
• Michelin Primacy
• Michelin Energy

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#10. Continental Tyres

Continental full name is Caoutchouc- und Gutta-Percha Companies. Continental was founded in Hanover, Germany, on October 8, 1871.

Continental Produce rubberized fabric, soft rubber products, and solid rubber tyres for horse-driven carriages and bicycles.

In the 1960s, Continental was jointly partnered with Modi Rubber Ltd for launching Modi-Continental tyres for cars and commercial vehicles.

Continental company now produces Continental tyres in India for buses, cars, trucks, and various other applications.

Apart from tyres, it is also engaged in the production of various other automobile products.

Continental’s Popular Products

• Continental Conti Cross
• Continental Conti Comfort
• Continental ContiTrac
• Continental Conti Max