Indian 2-Wheeler Tyre Industry To Rise By 6-8% By 2019

According to ICRA’s (Indian Credit Ratings Agency) recent research, the demand for 2-wheeler tyres in India is going to grow by 6-8% over a period of next 3-years, i.e. (2017-2019). The growth for tyres of scooters and motorcycles is said to increase by 11% and 6% respectively.

The good demand of two-wheeler tyres in the market has meant that companies like Apollo Tyres, Balkrishna Industries and Bridgestone India have ventured into this segment of late. Moreover, Michelin India has also decided to foray into the mass two-wheeler tyre segment after it’s success in premium bike tyres segment in the country.

The two-wheeler tyres account for nearly 50% of the domestic tyre production in India. In recent years this segment has seen strong and healthy progress. Moreover, the announcement of Seventh Pay Commission and a decrease in interest rates are likely to assist demand growth in urban areas.

Till now, the domestic two-wheeler tyre market is mostly dominated by 3 major players: MRF, TVS Srichakra and CEAT, who combinedly account for over 85% of the market. As the new players are entering this segment of the tyre industry, the dominating position of these giants in the segment is going to change soon.

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