Tyre exports this year are heading towards negative
territory largely due to the increasing competition from Chinese
manufacturers in the traditional markets of Indian tyre makers. Mostly due to dumping by Chinese manufacturers.

US imposed a 35 per cent tariff on Chinese
tyres to protect the American tyre industry. With the US markets
(China’s third largest export destination) turning unfavourable,
Chinese manufacturers would be more aggressive targeting other markets.

From April to July, India exported 15.88
lakh tyres against 20.42 lakh previously, a decline of 22 per cent.

The Government, under the new Foreign Trade Policy, has
granted additional concessions for tyre exports to countries included
in the ‘Focussed Market Scheme’. 

Let's see how does it affect ceat , mrf and apollo tyres this year. Domestic demand is strong but there is big revenue coming from export and that could dent the topline of these tyre manufacturer. Increasign rubber prices in international market can put extra pressure on margins.

I would recommned staying away from Tyres for now.