The three-day event offers an exclusive opportunity for manufacturers, suppliers, distributors, OEMs and members of the allied industry to showcase their latest products, advanced technology, and innovations, develop their business and distribution network, and also expand into new markets. The show provides the chance to source products and solutions from across the globe.
Despite the two pandemic years, India’s tyre market has been growing at a CAGR of 3.6 per cent from 2021 and has been projected to do so till 2026. The growth is driven by the rising automotive industry.
Today’s tyre technology not only minimises the wear and tear of the vehicle but also improves the fuel economy. While the surging demand for lightweight vehicles and passenger cars has been propelling the growth of the tyre market in India, the considerable growth in the electric vehicle market and commercial vehicles are also adding to its growth rate.
The key players of the tyre industry have been launching efficient products backed by advanced technology, making tyres more superior and durable. Smart tyre technology provides high resistance to cuts and punctures, and improves wet performance, braking performance, and heavy handling by multiple drivers. The development of such innovative products is expected to fuel the market growth for tyres in the coming years