chennai tyre exports from india rose 60 in the last five years going from rs 8825 crore in fy16 to hit a fiveyear high of rs 14097 crore in fy21 this despite a marginal contraction in fy20 according to the latest data from the ministry of commerce tyre exports went up by 10 in value terms in fy21 to touch a figure of rs 14097 crore up from rs 12844 crore in fy20 see table in volume terms tyre exports went up by 8 and reached 364 crore units us germany france italy and uk are the biggest export markets for indian tyresthe export pickup came despite disruption in international trade following covid pandemic that led to a sharp contraction of 23 in tyre exports from india in the q1 of fy21 the rise in exports during a challenging year bears testimony to the resilience of the industry to bounce back said anshuman singhania chairman automotive tyre manufacturers association atma production capacities have stayed ahead of the domestic demand curve while widening the footprint in the export markets he added indian manufactured tyres are exported to over 170 countries and the top five markets us germany france italy uk comprise nearly 36 of the entire value of tyre exports tyre exports went up in double digits in each of the top 5 export markets in fy21 the us continues to be the largest market for indian tyres accounting for 17 of total tyres exported from the country