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EXECUTIVE SUMMARY

The report titled “India Tire Industry Outlook to 2017 – Growth to be Driven by Commercial Vehicle Radials” provides a comprehensive analysis of the various aspects such as the market size of the India tire industry and tire segments in the India tire market. The report also covers the market shares of major players in India.

The tire market in India, which is significantly driven by the sales of motorcycles, registered revenues of USD ~ million in FY’2012. With the advent of tires incorporating new technology and owing to a healthy demand of tires domestically, the revenues increased by 10.7% compared to FY’2011 where the total revenues were USD ~ million. Tire sales in India have largely been influenced by the automobile production, prices of natural rubber and crude oil and disposable incomes, with the aforementioned factors playing an important role in determining revenue growth in the country. On the basis of radialisation, passenger cars have been the dominant category while the radialisation in the commercial vehicle segment is still in the growing stages. The India tire industry has grown at a CAGR of 24.1% from USD 2,487.1 million in FY’2006 to USD ~ million in FY’2012.

The tire market in India is comprised of 10 major tire manufacturers that specialize in designing and producing tires for a range of vehicles. Premier tire companies account for more than 80% of the revenues of tire sales in India. MRF was the largest tire manufacturer in India on the basis of revenues, followed by Apollo and JK Tire. Major tire enterprises in India have been focusing increasingly on vertical expansions to curtail the impact of volatile prices of critical raw materials, particularly natural rubber. Companies have been increasingly acquiring rubber estates outside their operating countries and have also been developing alternate sources of raw materials.

The market for tires in India is changing at an increasing rate. Technological advancements and demand of tires across an extensive range of vehicles have been notably transforming the market. Revenues from the tire industry in India are expected to expand to USD ~ million in FY’2017, growing with a CAGR of ~% from FY’2012 to FY’2017.
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KEY TOPICS COVERED IN THE REPORT

- The market size of the India tire industry.
- Market segmentation of the India tire industry on the basis of types of vehicles, replacement, OEM and exports for different vehicles and level of radialisation.
- Trends and Development in the India tire industry.
- Competitive landscape and detailed company profiles of the major manufacturers of tires in India.
- Future outlook and projections of the India tire industry.

Table Of Contents

India Tire Industry Outlook to 2017 - Growth to be Driven by Commercial Vehicle Radials
TABLE OF CONTENTS

1. Asia Tire Industry Introduction
1.1. Asia Tire Industry Market Size, 2008-2012
1.2. Asia Tire Industry Market Segmentation by Geography, 2008-2012
2. India Tire Industry Introduction
2.1. India Tire Industry Market Size By Revenue, FY'2006-FY'2012
2.2. India Tire Exports By Quantity and Value, FY'2006-FY'2012
2.3. India Tire Imports By Value and Number of Units, FY'2006-FY'2012
2.4. India Tire Market Segmentation
2.4.1. By Type of Vehicles, FY'2006-FY'2012
2.4.2. By Replacement, OEM and Exports for Difffrent Vehicles, FY'2011
2.4.3. By Level of Radialisation For Passenger and Commercial Vehicles, FY'2012
2.5. Market Shares of Major Players in the India Tire Industry, FY'2010-FY'2012
2.6. India Tire Industry Trends and Developments
Increasing Radialisation
Increased Dumping
Retreading
Global Expansion
Green Tires
Backward Integration
Tubeless Tires
Air Maintenance Technology
Venture into Rural Markets
2.7. India Tire Industry Future Outlook and Projections, FY'2013-FY'2017
2.7.1. Cause and Effect Relationship Analysis Of The India Tire Industry
2.8. Company Profiles
2.8.1. MRF
2.8.1.1. Business Overview
2.8.1.2. Financial Performance
2.8.1.3. Business Strategies
Focus on Rubber Estate Acquisition
Focus on research and Development
Focus on Radial and Special Application Tire Development
2.8.2. Apollo Tires
2.8.2.1. Business Overview
2.8.2.2. Financial Performance
2.8.2.3. Business Strategies
Focus on Customer Empowerment
Focus on Service and Delivery
Expansion Strategy
2.8.3. JK Tire
2.8.3.1. Business Overview
2.8.3.2. Financial Performance
2.8.3.3. Business Strategies
Focus on OEM Relationships
Focus on Customer service
Focus on Technology
Focus on Brand Promotion
2.8.4. Kesoram Industries Limited
2.8.4.1. Business Overview
2.8.4.2. Financial Performance
2.8.4.3. Business Strategies
Focus on Profitable Segments
Focus on Passenger Radials and Export Market
2.8.5. Ceat
2.8.5.1. Business Overview
2.8.5.2. Financial Performance
2.8.5.3. Business Strategies
Focus on Specific Tire Segments
Focus on OEM Relationships and Distribution
Research and Development Strategy
Expansion Strategy
2.8.6. Goodyear
2.8.6.1. Business Overview
2.8.6.2. Financial Performance
2.8.6.3. Business Strategies
research and Development
Focus on Quality and Customer Satisfaction
Alliance Strategy
2.8.7. TVS Srichakra
2.8.7.1. Business Overview
2.8.7.2. Financial Performance
2.8.7.3. Business Strategies
Focus on Brand Building
Research and Development Strategy
Expansion Strategy
2.8.8. Falcon
2.8.8.1. Business Overview
2.8.8.2. Financial Performance
2.8.8.3. Business Strategies
Focus on Customers
Expansion Strategy
Focus and Tubeless Tires
2.8.9. Balakrishna Industries
2.8.9.1. Business Overview
2.8.9.2. Financial Performance
2.8.9.3. Business Strategies
Focus on Expansion
Focus on Off-the-road Radial Tires
2.9. Macroeconomic Factors
2.9.1. Population in India, FY'2006-FY'2017
2.9.2. Personal Disposable Income In India, FY'2006-FY'2017
2.9.3. Passenger Car and Commercial Vehicle Production in India, FY'2006-FY'2017
2.9.4. Natural Rubber Production in India, FY'2006-FY'2017
3. Appendix
3.1. Market Definitions
3.2. Abbreviations
3.3. Research Methodology
Data Collection Methods
Approach
Variables (Dependent and Independent)
Final Conclusion
3.4. Disclaimer



LIST OF FIGURES

Figure 1: Asia Tire Industry Market Size on the Basis of Revenue in USD Million, 2008-2012
Figure 2: Asia Tire Market Segmentation on the Basis of Revenues from Different Countries in USD Million in Percentage, 2008-2012
Figure 3: India Tire Industry Market Size on the Basis of Revenue in USD Million and Production in Million Units, FY'2006-FY'2012
Figure 4: India Tire Exports on the Basis of Units in Million and Value in USD Million, FY'2006-FY'2012
Figure 5: India Tire Imports on the Basis of Units in Million and Value in USD Million, FY'2006-FY'2012
Figure 6: India Tire Market Segmentation on the Basis of Production of Tires for Different Vehicles in Million Units in Percentage, FY'2006-FY'2012
Figure 7: India Tire Market Segmentation on the Basis of Tires Sales in Different Types of Vehicles in Percentage, FY'2011
Figure 8: India Tire Market Segmentation on the Basis of Level of Radialisation, FY'2012
Figure 9: India Tire Industry Future Projections on the Basis of Revenue in USD Million, FY'2013-FY'2017
Figure 10: MRF's Revenues from Tire Sales in India in USD Million, FY'2010-FY'2012
Figure 11: Apollo's Revenues from Tire Sales in India in USD Million, FY'2006-FY'2012
Figure 12: JK Tire's Revenues from Tire Sales in India in USD Million, FY'2010-FY'2012
Figure 13: Kesoram's Revenues from Tire Sales in India in USD Million, FY'2010-FY'2012
Figure 14: Ceat's Revenues from Tire Sales in India, FY'2010-FY'2012
Figure 15: Goodyear's Revenues from Tire Sales in India, FY'2010-FY'2012
Figure 16: TVS Srichakra's Revenues from Tire Sales in India in USD Million, FY'2008-FY'2012
Figure 17: Falcon's Revenues from Tire Sales in India in USD Million, FY'2010-FY'2012
Figure 18: Balakrishna Industries' Revenues from Tire Sales in India, FY'2010-FY'2012
Figure 19: Population in India in Million, FY'2006-FY'2017
Figure 20: Personal Disposable Income in India in USD Billion, FY'2006-FY'2017
Figure 21: Passenger Car and Commercial Vehicle Production in India in Units in Million, FY'2006-FY'2017
Figure 22: Natural Rubber Production in India in Thousand Tons, FY'2006-FY'2017



LIST OF TABLES

Table 1: India Tire Exports by Vehicles in Million Units, FY'2006-FY'2012
Table 2: India's Top 10 Tire Export Destinations on the Basis of Revenue in USD Million, FY'2012
Table 3: Major Countries for India's Tire Imports on the Basis of Value in USD Million, FY'2012
Table 4: India Tire Market Segmentation on the Basis of Production of Tires for Different Vehicles in Million Units, FY'2006-FY'2012
Table 5: Market Shares of Major Players in the India Tire Industry on the Basis of Revenues in USD Million in Percentage, FY'2010-FY'2012
Table 6: Revenues of Major Players in the India Tire Industry in USD Million, FY'2010-FY'2012
Table 7: Cause and Effect Relationship Analysis between Industry Factors and Expected Tire Industry Market Prospects in China
Table 8: Major Tire Brands Offered by MRF in Various OEM Categories
Table 9: Major Brands Offered by Apollo for Different Vehicle Categories
Table 10: Major Tire Brands offered by JK Tire by Different OEMs
Table 11: Major Tire Brands offered by Ceat by Different Vehicle Categories
Table 12: Major Tire Brands offered by Goodyear by Different Vehicle Categories
Table 13: Correlation Matrix of the India Tire Industry
Table 14: Regression Coefficients Output



COMPANIES MENTIONED

MRF , Apollo, JK Tire, Kesoram Industries Limited, Ceat, Goodyear, TVS Srichakra, Falcon Tires, Balakrishna Industries

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