Indian Tyre Industry Set To Invest Over INR 51,000 Crore

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While the automobile sector is booming in the country, the tyre industry has invested a huge amount of over INR 51,000 crore in greenfield and brownfield capacities throughout the country. In the last few years, this is the largest spending done by the tyre industry.

According to Automotive Tyre Manufacturers Association (ATMA), one of the leading industry bodies in the country representing 11 tyre companies, a capital expenditure of INR 14,734 crore has been made on recently completed projects. Moreover, about INR 20,630 crore is been invested on various ongoing greenfield projects; while an amount of INR 15,743 is invested in brownfield projects in the country.

The data tells that the lion’s share of this huge investment has been invested on passenger car and light truck radials.

The second largest expansion is in the field of two and three wheeler tyres. There will also be an increase in the Truck and Bus radial segment.

Among the companies which have announced big investment projects, CEAT will be investing INR 4,000 crore to increase its production capacity by 50% by 2021. JK Tyre is looking to increase its capacity for truck and bus radials through greenfield and brownfield investment. While Apollo Tyre has pledged INR 1,800 crore plant in Andhra Pradesh for passenger car radials.

Author: Ankit verma

My need for speed began at a very early age and I realised this as soon as I got my first bicycle at the age of 8. When all the other kids would break downhill I would pedal harder just to go faster and enjoy the thrill. Adding to my interest for speed, I grew engrossed in the working mechanics of two wheelers thanks to my father as he is a hydraulic mechanic and would take me along with him on his repair sessions. Eventually I became familiar with the tools and basic technical concepts of two wheelers.Super sport and sport tourers are more of my liking and the sparks to these flames were ignited the first time I experienced the maddening power of a Yamaha YZF R1. I was just 14 years old at the time and got to ride as a pillion with an older acquaintance. This one short ride influenced my every decision in terms of the bikes I want to own. As of today I’m 26 years old and a proud owner of a Yamaha Fz15 version 2.0 and a Kawasaki Ninja 650 2014 model having clocked a decent 30k Kms only while touring, waiting to clock 1000s more as riding makes me feel whole again after enduring the dismal routines of life. Read more