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The Indian tyre market

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The global electric tyre market in India in 2030 is expected to be US $161.6 billion, as per the reports by precedenceresearch.

According to TOI, “ Tyre companies will need to invest “millions of dollars” in tech spend as India’s auto industry shifts towards electric vehicles which have zero noise and vibration, much higher torque and are much heavier than petrol or diesel vehicles.”

As per Anant Goenka, MD CEAT, “EVs are heavier so the weight-carrying capacity of the tyre has to be better. EVs have faster pick up so tyre wear and tear are higher. EVs are also silent, so the tyre noise will need to be brought down substantially. Rolling resistance will need improvement as tyres will impact battery consumption. All of this will mean, new technology and even use of new materials  and will require a fair amount of initial investments.”

CEAT is involved with recycling rubber for a greener product as well as using silica instead of carbon black. They are investing in ground testing, quake chambers, and other technologies.

As per President Satish Sharma, Apollo Tyres, “ The industry has seen a 3x increase in R&D investments in the last 5 years due to increased exports, regulatory norms at home, better roads, and more stringent requirements by vehicle makers.”

JK tyres, the leading pioneer in the radial type of tyre technology are enhancing its technological prowess by developing a complete range of EV-specific Smart radial tyres for categories of buses, trucks, LCVs, and Passenger cars in India.

According to Mr. VK Misra, Technical Director, JK Tyre & Industries Ltd.,” At JK Tyre, innovation and technology are the core pillars and each of our product categories is ahead of its time to meet the need of our customers and industry. Our smart tyres are developed with EV specific next Gen Design philosophy making the entire range Smarter, Quieter, Durable, and Energy Efficient.”

JK Tyre ensures to cater to ultra-low rolling resistance with tread patterns crafted using advanced FEA simulations for lower noise.

The smart EV tyre range for all categories of buses, trucks & LCV is developed in 17.5” and 22.5” tubeless sizes.

As per VK Misra, Techncal director, JK Tyre, “Already technology development is being carried out in areas of material and compound development for torque, compound mechanical properties, construction aspects for low rolling resistance and stability, new design concepts for lower wear due to torque and noise reduction. Overall it’s a major change needing vast investment and completely new tooling in each vehicle category and the investment by the industry will be millions of dollars.”

The kind of investment attracted in India in the tyre market, (mobility foresights)

  • 100 crore investment by JK Tyres in EV product development.
  • EV charging stations by Tata Power and Apollo Tyres.
  • Tyre portfolio transformation by Bridgestone.
  • EV tyres aim by Bridgestone to 90% of sales by 2030.

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