The Indian tyre industry is poised for robust growth, with a significant acceleration projected by 2026, particularly in Mumbai, a vital hub for manufacturing and commerce. Factors driving this expansion include increasing vehicle ownership, rising demand for durable and efficient tyres, and advancements in technology. The focus on green manufacturing processes and sustainable materials is paving the way for innovation, attracting investments from both domestic and international players.
Additionally, government initiatives aimed at boosting infrastructure and enhancing the automotive sector are expected to further stimulate growth. Mumbai, with its strategic location and well-established industrial base, is set to become a leading player in the tyre manufacturing landscape.
Moreover, the growing popularity of electric vehicles (EVs) is likely to create new opportunities for tyre companies to develop specialized products that cater to this evolving market. As the industry navigates these changes, its commitment to quality and sustainability will be crucial for maintaining competitive advantage.
For more details and the full reference, visit the source link below:
Read the complete article here: https://parliamentnews.co.uk/india-tyre-industry-mumbai-2026
