What are the prospects for Indian tires?

The internet is filled with photos and videos of Indians sitting on dirty floors with manual tools, deepening the tread of tires. Of course, this is not what you would want to see when searching for "tires India". However, this is a reality, and it is caused, for obvious reasons, not by a good life. Nevertheless, India is home to the production facilities of all major European and Chinese tire brands. Additionally, there is a local brand called "JK Tyre". What are the prospects for Indian-made tires and is it possible to see them on the Russian market?

To start with, no European brand can currently supply its tires to Russia. But our market is large, and there is a high demand for tires with high mounting diameters, which is where manufacturers make their main profits. Therefore, the Russian market is extremely attractive to manufacturers. Currently, as in the automotive segment, so in the tire segment, Chinese manufacturers are filling the gaps in the market with great enthusiasm. It is worth noting that the quality of Chinese-made cars and tires is improving every year and now represents a really good balance in terms of price and quality.

At the moment, the Indian brand "JK Tyre" is not represented on the Russian market at all, but in the future, given the interest in the high-margin Russian market, the situation may change quickly. Moreover, these tires are worth paying attention to. The company was founded in 1974 and, despite its young age, is already among the 25 largest manufacturers in the world. It is also worth noting that any company participating in automotive competitions is worthy of attention, as it is under extreme loads that the weaknesses of a product can be seen and innovations can be introduced. Aiming to bring Indian motorsport in line with international standards, "JK Tyre" has taken on the obligation to create the necessary infrastructure in the country. Over the past 10 years, the company has invested in the creation and development of world-class infrastructure. The company currently produces tires for passenger and commercial vehicles, as well as for agricultural equipment. As you might expect, in the passenger segment, only summer tires are represented.

15 february 2024