Top Best Tyre Companies in India 2020

In India, a large number of vehicles ply on the roads. 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, list of Top Tyres Brands in India.

Tyre Company Name Price Range
CEAT Rs. 1000 and above
Bridgestone Rs. 4000 and above
Michelin Rs. 2000 and above
MRF Rs. 1900 and above
JK Tyres Rs. 850 and above
Apollo Tyres Rs. 2000 and above
Metro Tyres Rs. 850 and above
Continental Tyres Rs. 17,000 and above
TVS Tyres Rs. 1500 and above
Birla Tyres Rs. 2100 and above
Balkrishna Tyres Rs. 5000 and above
Goodyear Tyres Rs. 2200 and above
Tychee Juno Tyres Not Available
Asian Tire Factory Not Available
MRL Tyres Ltd. Not Available
GRL Tyre Company Not Available

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

Here, list of Top Tyre Companies in India.

Chart by Visualizer
Sr.No.  Tyre Company Names Net Profit (Rs. Cr.)
1 MRF 1,394.98 Cr.
2 Balkrishna Ind 944.98 Cr.
3 Apollo Tyres 508.62 Cr.
4 Ceat 270.76 Cr.
5 JK Tyre & Ind 228.66 Cr.
6 Goodyear 88.84 Cr.
7 TVS Srichakra 84.42 Cr.
8 Pix Transmis 26.82 Cr.
9 Rubfila Intl 15.04 Cr.
10 Indag Rubber 13.28 Cr.

Also, Read: Top 10 Largest States in India by Area

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

Here, list of tyre manufacturers in India.

Chart by Visualizer
Sr.No. Tyre Company Names Net Sales (Rs. Cr.)
1 MRF 15,837.00 Cr.
2 Apollo Tyres 12,353.77 Cr.
3 JK Tyre & Ind 7,613.35 Cr.
4 Ceat 6,831.30 Cr.
5 Balkrishna Ind 5,244.50 Cr.
6 TVS Srichakra 2,381.76 Cr.
7 Goodyear 1,911.91 Cr.
8 Govind Rubber 109.05 Cr.
9 PTL Enterprises 63.22 Cr.
10 Krypton 36.18 Cr.

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List of Best Bike Tyre Brand in India

Here, list of the Best Two-Wheeler Tyre in India.

Sr. No. Bike Tyre Brand Name
1 MRF Tyres
2 Apollo Tyres
3 CEAT Tyres
4 Michelin Tyres
5 JK Tyres

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List of Best Car Tyre Brand in India

Here, list of the Best Car Tyres in India.

Sr. No. Car Tyre Brand Name
1 MRF Tyres
2 Apollo Tyres
3 CEAT Tyres
4 Michelin Tyres
5 JK Tyres
6 Bridgestone
7 Goodyear
8 Falken Tyres
9 Pirelli
10 Metzeler

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Best Tyre Brands in India

Here is the list of Best Tyre Brand.

Sr. No

Best Brands of Tyres

Rating As Per Revenue
1 MRF 1.00 ⭐
2 Apollo Tyres 2.00 ⭐
3 JK Tyre & Ind 3.00 ⭐
4 Ceat 4.00 ⭐
5 Balkrishna Ind 5.00 ⭐
6 TVS Srichakra 6.00 ⭐
7 Goodyear 7.00 ⭐
8 Govind Rubber 8.00 ⭐
9 PTL Enterprises 9.00⭐
10 Krypton 10.00 ⭐

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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. 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 Wanderer
  • MRF Meteor
  • MRF Steel Muscle
Corporate office Chennai, Tamil Nadu
Establishment Year 1946
Business Tyres, Sports Goods, Toys and Paints & Coats
Price Range Rs.950 – Rs.28,000
Available For  Cars and Bikes

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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
Corporate office Gurgaon, Haryana
Establishment Year 1972
Business Tyres
Price Range Rs.1200 – Rs.17,700
Available For  Cars and Bikes

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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
Corporate office New Delhi, India
Establishment Year 1974
Business Tyres, Flaps & Tubes
Price Range Rs.1,800 – Rs.13,375
Available For  Cars

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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
Corporate office Mumbai, Maharashtra
Establishment Year 1958
Business Tyres & Tubes
Price Range Rs.1,085 – Rs.7,900
Available For  Cars and Bikes

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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
Corporate office Mumbai, Maharashtra
Establishment Year 1995
Business Tyres

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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
Corporate office Chennai, Tamil Nadu
Establishment Year 1911
Business Tyres

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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
Corporate office Akron, Ohio, USA
Establishment Year 1898
Business Tyre Manufacturing
Price Range Rs.1,900 – Rs.36,500
Available For Cars

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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
Corporate office Kurume, Japan
Establishment Year 1930
Business Tyre
Price Range Rs.2,100 – Rs.28,335 
Available For Cars

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#9. Michelin Tyres

Michelin Tyres commands one of the most well-known global presence in the tyre industry. Michelin Tyres is known for supplying high-quality radials that combine all features of a tyre.

Michelin is the world’s second-largest tyre manufacturing company after Bridgestone. The tyre maker stands among the three largest tyre manufacturers in the world.

Micheline Tyres is a France based company and was established in the year 1889.

Micheline Tyres is known for its innovations and is responsible for introducing the pneurail tyre, radial tyre, and removable tyre.

Micheline has been supplying its tyres to car companies such as Audi, Volkswagen, Toyota, and Ford. It also produces bicycle and two-wheeler tyres.

Michelin’s Popular Products

  • Michelin Defender
  • Michelin Premier LTX
  • Michelin Pilot Street
  • Michelin Primacy
  • Michelin Energy
Corporate office France
Establishment Year 1889
Business Tyre
Price Range Rs. 16000 to 18000
Available For Cars, Bikes, and Bicycle

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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
Corporate office Hanover, Germany
Establishment Year 1871
Business Tyre
Price Range 17000 and above
Available For Cars, Bikes and  Bicycle

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