India, July 30 -- The Indian tyre industry delivered a strong performance during FY26, with all three leading listed manufacturers, including Apollo Tyres, CEAT and MRF, reporting healthy standalone revenue growth. However, FY27 is likely to witness a more challenging cost environment even as the manufacturers continue to invest in capacity expansion and premium products.

Equirus Securities has analysed the FY26 annual reports of Apollo Tyres, CEAT and MRF to identify the key trends shaping the Indian tyre industry. The analysis suggests that while FY26 was characterised by broad-based demand growth, improving profitability and sustained investments, in FY27 the Indian tyre makers are likely to face margin pressure and higher capex outla...