Index of Contents
Executive Summary 6.2.4 Motorcycle
Chapter 1 Introduction 6.3 Total Exports
1.1 Evolution of Indian Tyre Industry 6.4 Imports
Chapter 2 Tyre Basics Chapter 7 Market Competition
2.1 Structure of a tyre 7.1 Overall Market Share
2.2 Performance parameters of Tyres Category-wise Leaders and followers
2.2.1 Tyre Inﬂation (FY07)
2.2.2 Rolling Resistance Category-wise Market Gain/Loss FY07
2.2.3 Tyre Noise
2.3 Manufacturing Process
Chapter 8 Cost
2.4 Tyre Technology
8.1 Raw Material Expense
Chapter 3 Classiﬁcation 8.1.1 Natural Rubber
8.1.2 Nylon Tyre Cord Fabric
3.1 Tyre Market
8.1.3 Carbon Black
3.2 Tyre Design
8.1.4 Styrene Butadiene Rubber
3.3 Tyre Category
8.1.5 Poly Butadiene Rubber
Chapter 4 Characteristics & Demand Drivers 8.2 Power & Fuel expense
8.3 Employee Expense
8.4 Selling Expense
4.1.1 Raw material intensive
Chapter 9 Outlook
4.1.4 Wide Distribution network
9.1 Projected growth
4.1.5 Capital Intensive
9.2 Projection Methodology
4.1.6 Low Bargaining Power
9.2.1 OEM Market growth
9.2.2 Replacement market growth
9.2.3 Export market growth
9.2.4 Limitation of the projection methodology
4.1.10 Duty Structure
9.3 SWOT Analysis of Indian Tyre Industry
4.1.11 Porter Model
4.2 Demand Driver
Chapter 10 Company Proﬁle
Chapter 5 Tyre Production & offtake 10.1 Apollo Tyres Ltd.
10.2 Ceat Ltd.
5.1 Category-wise production
10.3 MRF Ltd.
5.2 Market-wise offtake
10.4 Goodyear India Ltd.
Chapter 6 Market Growth 10.5 JK Tyres & Industries Ltd.
6.1 Category-wise tyre production growth
Annexure 1 Industry tyre production
6.2 Market-wise offtake growth
Annexure 2 Industry tyre exports
6.2.1 Truck & Bus tyre
6.2.2 LCV tyre Annexure 3 Player-wise tyre production FY07
6.2.3 Cars Annexure 4 World Tyre Market
2.1 Structure of a tyre 6.5 Market-wise offtake growth for Motorcycle tyres
2.2 Tyre Inﬂation 6.6 Destination-wise % distribution of export sales value
3.1 Classiﬁcation of tyre 6.7 Trend in tyre exports
3.2 Tyre Design 6.8 Category-wise Tyre Exports in Units FY07 &
3.3 Growth trend for tyre segments FY02
4.1 Cyclicality in demand 6.9 Category-wise Tyre Imports (Units) (FY07)
4.2 Market share of players FY07 7.1 Overall Market Share
4.3 Porter Model 7.2 Category-wise Market Gain/Loss (FY07 over
4.4 OEM market tyre demand & production
8.1 Components of Raw Material Cost
5.1 Shares of different types of tyres produced
8.2 Natural Rubber: International & Domestic Price
5.2 Market-wise offtake
5.3 Market-wise offtake of tyres for different types
8.3 Caprolactum Price
10.1 Apollo Tyres Ltd. Share Price
6.1 Category wise Growth %
10.2 Ceat Ltd. Share Price
6.2 Market-wise offtake growth for trucks & bus
tyres 10.3 MRF Ltd. Share Price
6.3 Market-wise offtake growth for LCV tyre 10.4 Goodyear India Ltd. Share Price
6.4 Market-wise offtake growth for car tyres 10.5 JK Tyres Share Price
3.1 Features of Cross Ply & Radial tyres
4.1 Raw Material cost of tyre manufacturers
4.2 Imported Raw Material as a percentage of total Raw Material consumed
4.3 Segment-wise market share in the automobile Industry
4.4 Selling & marketing expense as percentage of Operating Income
4.5 PBDILT & PAT margin of different players
4.6 Duty Structure
6.1 Tyre Imports
6.2 Category-wise Indian & Chinese prices of tyres
7.1 Category-wise Leaders and Followers (FY07)
8.1 Raw Material Expense
8.2 Natural Rubber: Global Production
8.3 Natural Rubber: Global Consumption
8.4 Natural Rubber: Domestic Demand and Supply Scenario
8.5 NTC: Domestic Demand & Supply
8.6 Carbon Black: Domestic Demand & Supply
8.7 SBR: Domestic Demand & Supply
8.8 PBR: Domestic Production & Consumption
8.9 Power & Fuel Expenses as a % of total sales
8.10 Employee Expenses as a % of total sales
8.11 Selling Expenses as a % of total sales
8.12 PBDILT as a % of total sales
9.1 Expected tonnage growth in tyre categories vis-à-vis past tonnage growth
The report elucidates facts about the Indian Tyre Industry, supplemented by latest statistical data and
Emphasis is laid on the following key subject matters to accomplish the report
● The characteristics of the industry (raw material intensity, cyclicality, competition, wide distribution
network, capital intensity, low bargaining power, branding, technology requirements, margins and
duty structure) and its demand drivers (vehicle production & population, regulatory norms, retreading
of tyres etc.).
● Category-wise tyre production and market-wise tyre offtake analysis for the period FY 03-07.
● Market competition and category-wise market share of players. Change in category-wise market share
of players in FY07 vis-a vie FY06.
● Cost Analysis (raw material, power & fuel, employee and selling expense) of the top players with
speciﬁc focus on raw material costs.
● Category-wise tonnage offtake growth projection for the tyre industry for a ﬁve year horizon
(FY 07-12) along with SWOT analysis of the industry.
● Financial proﬁle, international forays, expansion plans of the top ﬁve players along with the details of
corporate actions by other global and local players in India.
For in-depth analysis and CARE’s view on the future of this sector, please refer to the alignment Report
on Indian Tyre Industry by CARE Research.
Price : Domestic Customers: Rs. 15,000/copy
Overseas Customers: USD 600/copy
Ms. Revati Kasture firstname.lastname@example.org
Head – Industry Research
(D): +91-22-6754 3465
Mr. K. Kartik Raj email@example.com
Ms. Sudeshna Das firstname.lastname@example.org
(D): +91-22-6754 3409
CREDIT ANALYSIS & RESEARCH LTD.
4th Floor Godrej Coliseum, Off Eastern Express Highway,
Somaiya Hospital Road, Sion (East), Mumbai – 400 022.
Tel : +91-22-6754 3456 Fax : +91-22-6754 3457
This report is prepared by CARE Research, a division of Credit Analysis & REsearch Limited [CARE]. CARE Research has
taken utmost care to ensure accuracy and objectivity while developing this report based on information available in
public domain. However, neither the accuracy nor completeness of information contained in this report is guaranteed.
CARE Research operates independently of ratings division and this report does not contain any conﬁdential information
obtained by ratings division, which they may have obtained in the regular course of operations. The opinion expressed
in this report cannot be compared to the rating assigned to the company within this industry by the ratings division. The
opinion expressed is also not a recommendation to buy, sell or hold an instrument.
CARE Research is not responsible for any errors or omissions in analysis/inferences/views or for results obtained from the
use of information contained in this report and especially states that CARE (including all divisions) has no ﬁnancial liability
whatsoever to the user of this product. This report is for the information of the intended recipients only and no part of this
report may be published or reproduced in any form or manner without prior written permission of CARE Research.