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India tyre exports hit ₹7,700 cr in Q1 as Europe demand jumps 25%
Europe drove the gains with 25% growth to ₹3,003 crore, nearly 40% of total exports. The U.S. remained the top single-country destination at 16% of the quarter's value.
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India's tyre exports rose 16% year-on-year to ₹7,700 crore in the June quarter, the Automotive Tyre Manufacturers' Association (ATMA) said Friday, citing commerce ministry data. The first-quarter performance builds on a record ₹27,312 crore in exports for the full financial year just ended.
Europe drove the growth. Tyre shipments to the region jumped 25% to ₹3,003 crore, accounting for nearly 40% of India's total export value in the quarter. The U.S. remained the single-largest country destination, taking 16% of the total. Passenger car radial (PCR) tyres led product-wise gains, up 21% in value terms.