Top 10 Best Tyre Company in India by Market Cap

In a country like India, where road travel is an integral part of daily life, it is important to have a reliable and trustworthy tyre company. Tyres are one of the most important features of any vehicle. In terms of ride comfort and safety, the tyres are often the deciding factors. In any vehicle you drive, the tyres provide support for the vehicle by balancing any bends or drifts. Additionally, good tyres reduce the distance required for an automobile to stop while braking because they provide better traction. For a safe and enjoyable journey, a decent set of tyres is crucial. Furthermore, this contributes to the reduction of CO2 emissions and fuel consumption. To ensure good standards of practice, you should buy tyres from top tyre brands in India. When it comes to choosing the best tire company, there are many factors to consider. This blog post will provide an overview of the best tyre companies in India, discuss the factors to keep in mind when choosing a tyre company, and highlight the benefits of choosing the best tyre company.

Top 10 Tyre Companies List by Market Capitalisation

You have been given information about the 10 companies that manufacture tyres for different segments vehicles like bikes, scooters, cars, trucks, and buses as well as agricultural industrial, and earthmovers in India. In this, you have been given information about the market share of these companies as well as which tires are made.

Also Read: Top 10 Auto Ancillaries Companies in India 2024

1. Balkrishna Industries Ltd

• Market Cap: ₹ 61,964.19 Cr.
• Net Profit (latest quarter): ₹ 486.75 Cr.
• Price to Earning (P/E): 42.11
• ROCE: 17.97 %
• Exchange: BSE, NSE
• Official Website: bkt-tires.com

Balkrishna Industries Limited is a leading company in the tyre industry. It was founded in 1958 and is headquartered in Mumbai, India. The company has a presence in many countries around the world. Balkrishna Industries Limited offers a wide range of tyres for various applications including automobiles, trucks, buses, and tractors. Its products are known for their quality, durability, and performance. The company has a track record of innovation and is committed to environmental sustainability. With its strong market presence and diversified product offerings, Balkrishna Industries Limited is well-positioned in the industry.

2. MRF Ltd

• Market Cap: ₹ 53,064.86 Cr.
• Net Profit (latest quarter): ₹ 396.11 Cr.
• Price to Earning (P/E): 25.49
• ROCE: 16.86 %
• Exchange: BSE, NSE
• Official Website: mrftyres.com

MRF Limited is a well-known Indian multinational company specializing in tire and rubber products. With a long history of more than 60 years, MRF has established a strong presence in the market. The company offers a wide range of products and services catering to various automotive segments, including two-wheelers, passenger cars, commercial vehicles, and off-road vehicles. MRF tyres are known for their quality, durability, and performance, making them a popular choice for vehicle owners. With its strong brand reputation and continuous innovation, MRF dominates the tyre industry in India and around the world.

3. Apollo Tyres Ltd

• Market Cap: ₹ 31,888.52 Cr.
• Net Profit (latest quarter): ₹ 354.08 Cr.
• Price to Earning (P/E): 17.97
• ROCE: 16.39 %
• Exchange: BSE, NSE
• Official Website: apollotyres.com

Apollo Tyres Limited is a leading tyre manufacturing company in India. It was founded in 1972 and has since grown to become one of the largest tyre manufacturing companies in the country. Apollo Tyres offers a diverse range of tyres for different applications, including cars, trucks, buses, and two-wheelers. The company's products are known for their quality, durability, and performance. Apollo Tyres has a global presence, with manufacturing facilities in India, Europe and South Africa. With its strong market presence and wide product range, Apollo Tyres remains a major player in the global tyre industry.

4. JK Tyre & Industries Ltd

• Market Cap: ₹ 10,355.93 Cr.
• Net Profit (latest quarter): ₹ 171.66 Cr.
• Price to Earning (P/E): 12.88
• ROCE: 19.16 %
• Exchange: BSE, NSE
• Official Website: jktyre.com

JK Tyre & Industries Limited is a leading tyre manufacturer in India. It was established in 1974 and is headquartered in Gurgaon, Haryana. The company offers a wide range of tyres for passenger vehicles, commercial vehicles, and two-wheelers. JK Tyre has a strong distribution network and operates in over 100 countries. It offers various tyre brands like JK Tyres, Apollo Tyres and Tornel. JK Tyre focuses on research and development of innovative tyres to meet the emerging needs of the automotive industry.

5. CEAT Ltd

• Market Cap: ₹ 10,190.05 Cr.
• Net Profit (latest quarter): ₹ 102.27 Cr.
• Price to Earning (P/E): 15.02
• ROCE: 20.06 %
• Exchange: BSE, NSE
• Official Website: ceat.com

CEAT Ltd is a multinational tyre manufacturing company headquartered in Mumbai, India. It was founded in 1958 and is one of the leading tyre manufacturers in the country. CEAT offers a wide range of tyres for various applications such as passenger vehicles, commercial vehicles, two-wheelers, and agriculture. The company focuses on innovation and sustainability, striving to provide its customers with durable and reliable tires. With a presence in over 100 countries, CEAT has established itself as a trusted brand in the tire industry.

6. TVS Srichakra Ltd

• Market Cap: ₹ 3,280.08 Cr.
• Net Profit (latest quarter): ₹ 23.72 Cr.
• Price to Earning (P/E): 28.68
• ROCE: 10.94 %
• Exchange: BSE, NSE
• Official Website: tvstyres.com

TVS Srichakra Limited is a leading Indian company producing tyres for two- and three-wheelers. Since its launch in 1982, the company has grown exponentially over the years and has become one of the largest tyre manufacturing companies in India. Currently, TVS Srichakra offers a wide range of tyres for various sectors including motorcycles, scooters, mopeds and commercial vehicles. The company's products are renowned for their quality, durability, and reliability, serving customers in the Indian subcontinent. With its strong market presence and continuous innovation, TVS Srichakra is well-positioned to meet the growing demand for tyres in the two-wheeler and three-wheeler segments.

7. Goodyear India Ltd

• Market Cap: ₹ 2,710.96 Cr.
• Net Profit (latest quarter): ₹ -4.21 Cr.
• Price to Earning (P/E): 28.58
• ROCE: 21.98 %
• Exchange: BSE, NSE
• Official Website: goodyear.co.in

Goodyear India Limited is a leading tyre manufacturer in India. It was founded in 1919 and operates under the Goodyear Tire & Rubber Company. The company offers a wide range of tires for various applications, including cars, trucks, buses, motorcycles, and industrial vehicles. Goodyear India products are known for their quality, durability and safety. The company's manufacturing facilities are located in Chennai and Aurangabad. With a strong presence in the market, Goodyear India aims to cater to the growing demand for tyres in India.

8. Dolfin Rubbers Ltd

• Market Cap: ₹ 205.22 Cr.
• Net Profit (latest quarter): ₹ 1.49 Cr.
• Price to Earning (P/E): 43.2
• ROCE: 19.07 %
• Exchange: BSE, NSE
• Official Website: dolfintyres.com

Dolphin Rubbers Limited is a leading manufacturer of rubber products. The company was founded in 1975 and is headquartered in the United Kingdom. Dolphin Rubbers offers a wide range of products, including rubber seals, gaskets, and extruded profiles. It serves various industries, including automotive, construction, and aerospace. The company is renowned for its high-quality products and excellent customer service. With its strong market presence and continuous innovation, Dolphin Rubbers has established itself as a reliable partner in the rubber industry.

9. Viaz Tyres Ltd

• Market Cap: ₹ 73.51 Cr.
• Net Profit (latest quarter): ₹ 1.24 Cr.
• Price to Earning (P/E): 31.02
• ROCE: 10.03 %
• Exchange: BSE, NSE
• Official Website: viaztyres.com

Viaz Tyres Limited is a well-known company specializing in manufacturing and distributing high-quality tyres. It was founded in 2005 and has gained significant market share over the years. The company offers a wide range of tires for different types of vehicles, such as cars, trucks, and motorcycles. Their tires are known for their durability, performance, and fuel efficiency. Viaz Tyres Limited has a strong distribution network and caters to both domestic and international markets. With its commitment to excellence and innovation, the company has established itself as a trusted brand in the industry.

10. Krypton Industries Ltd

• Market Cap: ₹ 63.18 Cr.
• Net Profit (latest quarter): ₹ 0.26 Cr.
• Price to Earning (P/E): 55.42
• ROCE: 7.08 %
• Exchange: BSE, NSE
• Official Website: kryptongroup.com

Krypton Industries Limited is a renowned technology company specializing in advanced materials and sustainable energy solutions. With an extensive background in research and development, the company has gained a reputation for innovation and excellence. Krypton Industries Limited has a broad market presence, serving customers in various industries, including aerospace, automotive, and electronics. The company offers a wide range of products and services, including advanced materials, energy storage systems, and propulsion systems. With a firm commitment to sustainability and dedication to customer satisfaction, Krypton Industries Limited continues to shape the future of technology.

Also Read: Top 10 Electrical Equipment Manufacturing Companies in India

Conclusion

Choosing the best tyre company in India is essential to ensure your safety and peace of mind while driving. By considering the factors mentioned above and the benefits of BKT Tyres, Apollo Tyres, CEAT Tyres, MRF Tyres and other Tyres, drivers can choose a tire company that offers reliable products, great after-sales service, and competitive prices.