The tyre industy in India huge and is producing almost all types of tyres except a few like the Snow tyres or the Aero tyres. Here is a list of top 10 Tyre companies in India 2015 on basis of sales. The company after witnessing a de-growth of 2-3% in 2012-13 with growth of 0-1% in 2013-14, the industry prospects seem to be bright with growth expected to be 6-8% in 2015-16. The two wheeler segment and the personal cars segment will support the industry, but there will be a decline in support from the tractor and LCV segment.
10. PTL Enterprises
PTL Enterprises (Premier Tyres), managed by O S Kanwar is a company manufacturing tyres and tubes for various kind of vehicles and was incorporated on 19th october 1959. Appollo tyres acquired the manufacturing facility of PTL Enterprises in Kerela in 1995.With a paid up capital of 1324 lakhs, PTL enterprises is listed on NSE, Cochin stock exchange and BSE. The company has got around 7000 shareholders. According to the Board for Industrial and Financial reconstruction, Appollo will operate Premier's plant on a 8 year lease with a lease rental amounting to 45 crores. Apart from the tyre, Premier tyres is the holding company Artemis Health sciences Ltd., which was a hospital established in Gurgaon. The hospital specialises in Cardiovascular,Oncology, Orthopaedics and offers its patients a world class health facilities. The Premier tyres is ranked 10 on the basis of the sales it generated worth Rs. 40 crore.